FAQ
FAQs about Transakt
Quick answers to the most common questions on UPI collection payouts BBPS and connected banking. Clear labels and simple chunks so you can scan and find what you need fast.
Transakt brings UPI collection instant payouts connected banking BBPS and travel booking payment flows into one platform. You pick what you need and turn the rest on later.
For regular UPI the limit is usually up to one lakh rupees per transaction. Higher limits apply for some categories such as capital markets insurance and IPO where NPCI allows larger caps. NPCI has also announced higher daily limits for a few categories this year. Exact limits depend on the bank and the use case.
Your customer can tap the payment inside their UPI app and raise a complaint. It moves through the app provider to the bank and then through the NPCI flow. Each complaint gets a reference number and the status is tracked inside the app.
BBPS is the national system for bill payments. It gives a single and trusted way to collect and confirm bill payments with standard rules and settlement managed by NPCI Bharat BillPay Limited. Using BBPS improves reach and gives clear confirmation and reconciliation.
Yes. UPI AutoPay lets customers set a standing e mandate from any live UPI app for things like mobile bills OTT plans or insurance premiums. NPCI has raised AutoPay limits over time for some categories as well.
RBI has issued new directions on authentication for digital payments. Two factor authentication remains mandatory, and banks can add risk based checks beyond that. These rules come into force from April twenty twenty six. We follow these rules across our flows.
UPI shares account information in a masked way and apps do not get full bank account details. Data exchange happens on secure banking networks as per NPCI rules. We design our systems to respect that model.
We follow the Indian SPDI Rules that require reasonable security practices and a named grievance officer. We also align with the Digital Personal Data Protection framework on consent access correction and erasure. You can reach our grievance officer using the details on our Privacy page.