New RBI Rules That Could Impact Your Wallet

From May 1, 2025, ATM transaction fees cap at ₹23 if you exceed monthly free withdrawals.

Starting April 1, 2025, banks must update your mobile number in UPI apps every week.

RBI now allows pre-approved credit lines (line of credit) to be linked with UPI payments.

Payment aggregators will no longer be allowed to store your full credit/debit card data from August 2025.

New digital payments must use two-factor authentication (2FA), one factor must be unique for each transaction.

Risk-based checks: Issuers may demand extra authentication based on transaction risk.

<amp-img layout="fill" src="https://img-cdn.publive.online/{{banner_url}}" width="720" height="1280" class="cover-image" alt="{{title}}"></amp-img> <div class='full-content-wrapper'> <div id="amp_story_content_recommended"> <div class="story-content-section_recommended"> <p id='story-category'>{{ primary_category.name }}</p> <h2 class="primary_font truncate_title">{{title}}</h2> <p class="article-author">By {{ contributors.0.name }} <span class="{{second_author_display_class}}">&amp; {{ contributors.1.name }}</span></p> </div> </div> </div> <div class="publisher_logo"> <amp-img src="https://img-cdn.publive.online/industry-wired/media/agency_attachments/2024/12/04/2024-12-04t130350653z-favicon.jpg" height="1000" width="1000" layout="responsive" class="cover" > </amp-img> </div> <div class="outlink-container"> <a href="{{absolute_url}}"> <div class="arrow-next"><svg fill="#fff"viewBox="0 0 20 8" width="20px" height="8px"><path d="m18 7.7-.7-.2-7.3-4-7.3 4c-.7.4-1.6.2-2-.6-.4-.7-.1-1.6.6-2l8-4.4a2 2 0 0 1 1.5 0l8 4.4c.7.4 1 1.3.6 2-.4.5-.9.8-1.4.8z"></path></svg></div> <div class="svg-container"> <amp-img src="https://img-cdn.publive.online/industry-wired/media/agency_attachments/2024/12/04/2024-12-04t130350653z-favicon.jpg" width="25" height="25"></amp-img> </div> Read Next</a> </div>