The National Payments Corporation of India (NPCI) on March 25, 2026, issued addendum to OC 230 Implementation of Switching Fee Rebate for UPI URCS Back-Office System.
NPCI has revised the implementation timeline for the automated process of reversing switching fee rebates for UPI transactions in URCS, which was earlier scheduled to go live from February 01, 2026. Based on feedback from member banks, the new go-live date has been deferred to May 01, 2026.
Member banks are advised to make necessary system updates and ensure readiness before the revised implementation date. All other guidelines and provisions mentioned in the earlier circular dated January 06, 2026 remain unchanged.
[Circular No. NPCI/2025-26/UPI/230A]
