New UPI guidelines related to pre-sanctioned credit lines to come into force from Aug 31 onwards

If you are a frequent user of UPI, it is recommended to stay abreast of the changes made in the digital payment ecosystem. NPCI, which runs UPI, issued a circular dated July 10 introducing some new guidelines with regards to pre-sanctioned credit lines.

Before that, let us first understand some background. In September 2023, NPCI issued a circular allowing the pre-sanctioned credit lines to be enabled on UPI (Unified Payments Interface).