Big UPI Change Coming Soon to Curb Frauds; UPI app will show only the verified Bank Name of Individuals
Big UPI Change Coming Soon to Curb Frauds; UPI app will show only the verified Bank Name of Individuals
From June 30, your UPI app will show only the verified bank name of the person or merchant you’re sending money to—no nicknames, no tricks.
Starting June 30, UPI apps will display only the official bank-registered name of the payment recipient before you confirm any transaction. This move is set to cut down on fraud and mistaken payments that often result from misleading display names, QR codes, or contact-based aliases.
Until now, many users have unknowingly sent money to the wrong person, trusting names pulled from saved contacts or custom app IDs. That’s about to change. UPI apps must now fetch the recipient’s name directly from the Core Banking System (CBS), ensuring it matches exactly with the one on record in the bank’s database.
This rule will apply to both personal transfers (P2P) and payments to small vendors (P2PM). The name shown will be the one retrieved via official APIs and cannot be edited or customized by users or app developers.
All UPI platforms must comply with this directive by June 30, 2025. Features allowing name modification within apps will be disabled, and only the verified beneficiary name will be shown in the pre-transaction screen.
With this update, the UPI ecosystem takes a firm step toward more secure and transparent digital payments.
