NPCI has banned Same account UPI Transaction while Same user 1 bank to another bank is Working !!


Effective from 1st August 2018, NPCI has banned Same account UPI Transaction while Same user 1 bank to another bank is Working Fine. This decision has been taken by NPCI in order to Stop Artificial transactions which users are doing Now-a-days to Get Cashback, The Another reason behind this is that is to avoid the unnecessary load on the system which will help to reduce the failure rates of payments on UPI platform due to low-value and repeated transactions. However we can Send money from our 1 account to another Bank account without any problem !!

Why NPCI Banned UPI Transactions to Same Bank Account:-

To curb fake or artificial transactions in order to get cashbacks, NPCI has taken a serious action and decided to halt this practice on its payments platform UPI.

From August 1, payments transfer within same account or UPI ID (where the payer and the payee account are actually the same) will be blocked by the umbrella organisation for all digital payments in India.

According to an ET report, the payments regulator has issued a circular and strictly prohibiting those transactions from the aforementioned date to avoid unnecessary load on the system.

The circular further added that NPCI had asked payment service providers and banks to block such transactions at their end.

NPCI also explained that these transactions are being done between same UPI accounts or in some case from the UPI ID to the account number, but the underlying account remains the same and thirdly by sending money to another UPI ID but connected to the same bank account.

At a time when digital payments platforms are fighting to gain highest UPI share, the crackdown from the digital payments watchdog will affect their number of transactions.

The prime reason behind the clampdown is to stop those customers who do multiple transactions within their account to get cashback offers lured by UPI-led digital payments platforms such as BHIM, Paytm, PhonePe, Mobikwik, Freecharge and others.

Additionally, this will reduce failure rates of payments on UPI platform due to low-value and repeated transactions.

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  1. Bhai paytm cashback offer de raha h jo lacs ke transaction kra raha h ab krna chahiye ya nahi bcz ab ek account se dusre mai transfer hoga same mai nahi hoga to koi problm to nahi tax etc or other

  2. I have 2 mobile. No computer. I’m paying the electricity bills of around 70 people in a quarter year…total amount for this in a year will be about 1.5 lc.
    I am recharging villagers mobile using few truebalance, amazon , paytm, jio pos plus, etc…monthly around 30000/ …thai is yearly 3.6 lc… So I had to diposite over 5 lc cash in an financial year in my sbi account… From where I transfer the amount to my paytm and airtel payment bank account. For this work I might earn 3000 per month.
    Please describe tax issues for this.
    Please approve my comment and answer.
    For amazon gift card i use Boom a gift….as I have only one kyc amazon account… All others are non kyc… there any ligal problem in future ??

    • No issue at All, Keep doing.. You have to pay taxes when you Earn more than 3,00,000 in an financial year while you are earning just 3,000 only. So you don’t have to pay any tax.

        • Yes. I am starting soon.

          But getting selection in SSC is really tough and will take upto 3 years. I am trying to get any job as fast as possible.

          Itni mehnat karni pad rahi hai. Shaadi me Dahej lunga me toh ???


          • I hv just completed B.Ed. and GDS West Bengal me hogayega . part time job he ..cholega lekin west bengal ka gds ka keya chalrahahe kon Jane…. #post gds


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