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

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 -

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, RTGS, IMPS 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.