The Unified Payments Interface (UPI) has made our lives easier by enabling quick and convenient online payments. However, as our reliance on UPI increases, situations arise where UPI transactions fail or get stuck, leaving us in awkward positions. For example, imagine trying to pay an auto driver and facing a failed UPI payment. In this article, we will explore the reasons behind UPI payment issues and provide helpful tips to ensure successful transactions.
Summary
— According to NPCI guidelines, you can transfer up to Rs 1 lakh using UPI in one day.
— Many banks have also set a limit of 10 UPI transactions per day.
— Last year, NPCI introduced UPI Lite, which enables users to make small transactions without entering a PIN.
Reasons for UPI Payment Issues:
There are several reasons why UPI payments fail or get stuck. These include entering the wrong UPI ID, providing an incorrect receiver’s address, bank server downtime or having an unreliable internet connection. If you have experienced similar problems, here are some tips to help you complete your payment smoothly.
Check your daily UPI payment limit:
Most banks and payment gateways have set a daily limit for UPI transactions. Additionally, the National Payments Corporation of India (NPCI) guidelines state that the maximum amount allowed per UPI transaction is Rs. 1 lakh. If you have reached your daily transaction limit or have completed around 10 UPI transactions, you will need to wait for 24 hours for your limit to reset. In such cases, consider using a different bank account or payment method to complete your payment.
Link multiple bank accounts to your UPI ID:
Busy bank servers can often lead to UPI failures or payment delays. To avoid this, it is advisable to link more than one bank account to your UPI ID. This way, if one bank’s server is down, you can initiate the payment through another bank account.
Verify receiver details:
Before sending money, double-check the receiver’s bank account number and IFSC code. A transaction may fail if you enter incorrect details. Make sure to input accurate information to avoid payment issues.
Enter the correct UPI PIN:
With various passwords to remember, it’s easy to forget your UPI PIN. If you can’t recall your UPI PIN, you can reset it by selecting “Forget UPI PIN” and following the necessary steps. If you frequently forget your PIN, consider securely noting it down. However, be cautious not to let anyone else see it to prevent unauthorized access to your funds.
Verify your internet connection:
An unstable or weak internet connection is a common cause of UPI payment failures. Try moving to a location with better signal strength or ask the sender to enable their hotspot for a stable connection. Restarting your device or toggling airplane mode on and off can also help establish a reliable internet connection for successful transactions.
Also Read: Why is Mobile Internet 5G so slow on my phone and How to fix slow 5G?
Try UPI Lite:
To address issues related to slow bank servers and network problems, NPCI introduced UPI Lite. This feature allows users to make instant payments of up to Rs. 200 without needing a UPI PIN or relying on bank servers. UPI Lite users can send a maximum of Rs. 2,000 twice a day, with a total daily usage limit of Rs. 4,000. Currently, UPI Lite is available on Paytm and PhonePe, and it will soon be accessible on other payment apps.
Conclusion:
By following these tips, you can overcome common issues encountered during UPI payments. Remember to check your daily transaction limit, link multiple bank accounts to your UPI ID, verify receiver details, enter the correct UPI PIN, ensure a stable internet connection, and consider utilizing UPI Lite for hassle-free transactions. With these measures in place, you can enjoy the convenience of UPI payments without worrying about payment failures or delays.