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. Each Bank provides its own UPI App for Android, Windows and iOS mobile platform(s).
How to get it:
Bank a/c
Mobile number should be linked with bank a/c
Smart Phone with internet facility
Debit Card for re-setting MPIN.
Service Activation:
Download the App for UPI
Do registration online on the App with a/c details
Create a virtual ID
Set MPIN
5-7 minutes
What is required for Transaction:
Smartphone with internet facility
Registered device only
Use registered MPIN
Self Service Mode