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The National Payments Corporation of India (NPCI) has issued new guidelines for using pre-sanctioned credit lines on Unified Payments Interface (UPI). From August 31, users will be able to link credit lines backed by fixed deposits, shares, bonds, or overdraft loans to their UPI apps.

This means customers will be able to tap funds from pre-approved credit lines for payments on platforms like Google Pay, PhonePe, and Paytm.

Currently, only person-to-merchant payments are allowed through such credit lines. Under the new rules, users will also be able to withdraw cash, send money to other individuals, and pay small merchants directly through UPI.

NPCI has asked all member banks, payment service providers, credit line issuers, and third-party app providers to update their systems before the deadline.

Banks will define how these credit lines can be used. They will set the terms, approve or reject transactions, and ensure that funds are used only for the stated purpose. For example, if a loan is sanctioned for medical expenses, the bank will allow related payments but may decline unrelated purchases.

The final approval for any payment will rest with the issuing bank or financial institution. Rules may differ between lenders, which could make things tricky for borrowers with loan accounts at multiple banks.

Cash withdrawals will also be allowed through these credit lines — a shift from the current restriction to only merchant payments. UPI apps will need to enable these features for all types of transactions, including scan-and-pay, contact-based payments, self-transfers, and account transfers.

The updated facility will make it easier for individuals and businesses to access credit for daily expenses and operations directly through UPI.

First Published: Jul 22, 2025 10:09 AM IST

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