Alert - Your UPI, IMPS, NEFT, RTGS transactions may fail on 1st & 2nd April

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abhishek012

Alert – Financial year ending is coming, your UPI, IMPS, NEFT, RTGS transactions may fail on 1st and 2nd April:

First of all this is unofficial news but I remember that after the end of the financial year UPI, IMPS, NEFT, RTGS transactions fail and your money also gets stuck for few days.

If you have to pay someone or pay your loan, credit card, insurance, recharge, utility bill payment etc. I suggest everyone to pay all your dues before 31st March, 2022.

Also repay your loans, credit cards etc as soon as possible, if by chance your transaction fails on the last day then you will need to wait a few more days to get your refund or payment settlement will also take a few more days.

Here you see last financial year news -

https://cdn0.desidime.com/attachments/photos/754836/medium/dryred.jpg?1648345421

Year-end pressure hits fund transfers via IMPS, UPI in millions -
https://economictimes.indiatimes.com/industry/banking/finance/banking/year-end-pressure-hits-fund-transfers-via-imps-upi-in-millions/articleshow/81900310.cms

April 1, 2021 was the financial year closing and banks were shut on that day. Due to this, many customers of various banks faced issues related to the transfer of money via NEFT, RTGSIMPS and UPI -
https://economictimes.indiatimes.com/wealth/save/failed-bank-transfer-via-upi-imps-when-you-will-you-get-your-money-back-what-to-do-if-dont-get-refund-on-time/articleshow/81882779.cms

You may find many Desidime members posts at the end of every financial year, their UPI and other transactions fail and money gets stuck for a few days.

Before I end the post, let me tell you this is unofficial news. I have just shared what I am seeing at the end of every financial year. The purpose of this post is only to make people aware and not to spread any kind of fake rumours. Some banks will start functioning from 2nd April, but from 3rd April, all Indian banks will function normally.

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Deal Lieutenant Deal Lieutenant
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April Fools XD

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BlueFlash wrote:

April Fools XD

No 😀

Deal Subedar Deal Subedar
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That could have been a temp issue. This cannot happen every year.

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mackmad wrote:

That could have been a temp issue. This cannot happen every year.

Every year happen. 

I remember that from last 3 financial year, many Desidime members UPI transactions have failed.

Some banks may work on 2nd April, even after 1st April evening but there is no guarantee, receiver bank will also work.

Deal Lieutenant Deal Lieutenant
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bhai tum april fool ko zyada hi seriously le gye @abhishek012 😂😂😂

wo ek ganda mazak tha

Deal Subedar Deal Subedar
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What happened to the idea of adding charges & GST on UPI payments above 1000 (or 2000?) by our govt?

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santosh_blr wrote:

What happened to the idea of adding charges & GST on UPI payments above 1000 (or 2000?) by our govt?

MDR charges already applied.

Banks and payment gateways already get 0.15% to 0.25% MDR charges on every UPI transactions upto Rs2000.

Cool Cool
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is there bank strike for 2 days 

Entertainer Entertainer
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O bhai. Aisa mat kaho. DTH recharge karna hai 1 April ko UPI offer se 😐

Critic Critic
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BlueFlash wrote:

April Fools XD

All banks’ system work in a limited mode on 1st Apr so much more chances of txn failures(friend works in bank).

Deal Subedar Deal Subedar
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mackmad wrote:

That could have been a temp issue. This cannot happen every year.

its an permanent activity executed by each bank on year end

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