Overview |
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
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Requirements |
- Savings Bank a/c
- Mobile number should be linked with bank a/c
- Smart Phone with internet facility
- Debit Card (ATM Card)
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Benefits |
- Instant money transfer through mobile 24/7 and 365 days
- Access different bank accounts with a single mobile application
- QR codes facilitate fast and secure transactions between peers and customers and merchants
- Payment of utility bills, over-the counter purchases, and others can be done easily
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How to Activate? |
- Download any UPI App
- Do registration online on the App with a/c details
- Create a virtual ID
- Set MPIN
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Services Offered |
You can get banking services anytime (24/7) such as
- Balance Enquiry
- Transaction History
- Send / Pay Money using
- Virtual Address
- A/c no. & IFSC code
- Mobile no. and MMID
- Collect Money
- Virtual Payment Address (VPA)
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Fund Transfer Limits |
- Upto 20,000/- per transaction
- Upto 50,000/- per day
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Rates & Charges |
NIL |
