India, Aug. 1 -- New UPI rules will be implemented on Friday, August 1. These rules will further enhance the efficiency of UPI apps and protect users from fraud. Implemented by the National Payments Corporation of India (NPCI), they will apply to all payment service providers like Google Pay, PhonePe, or Paytm.

The new rules will regulate activities like checking bank balance, processing autopayments and accessing bank details. All these changes have been mentioned in a circular issued by NPCI on May 21, stating that these changes will improve the performance of UPI applications.

Each UPI app will allow users to check their bank balance 50 times a day. UPI apps will also be able to limit or stop balance enquiry requests to reduce the lo...