National Payment Corporation of India has announced New Settlement Cycles. The new cycles for UPI (Unified Payments Interface) have been announced recently for both the authorised and disputed transactions. The changes are a pleasant news for RTGS users, which earlier had to be cautious during transactions.

At present, UPI processes ten settlement cycles per day through RTGS, wherein each cycle includes both authorised and dispute settlements. Considering the significant increase in volume of transactions and it has been decided to segregate authorised and dispute settlements to facilitate timely completion of the daily settlement process.

The revised settlement process and framework include the following details:

1 The settlement cycles between 1 and 10 will now only comprise authori

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