I just recently got to know about a change in the process for depositing and withdrawal, to and from pots.
Previously we’d have to use mPin for either one but and the amount reflected almost instantly in either account or pot, but now to deposit we need to use UPI pin… Which is fine, the problem is with withdrawal
- There’s no verification on withdrawal,
- Withdrawal will happen through NEFT which will take upto 2hrs… So even to withdraw a small amount we may have to wait upto 2hrs… This is too inconvenient…