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UPI - Unified Payment Interface

UPI Unified Payment Interface

UPI stands for Unified Payments Interface. It is a system that brings together multiple bank accounts (of participating banks) into a single mobile application, merging different banking features and merchant payments under a single roof. To explain in lucid language, if you have bank accounts in different banks registered with the same phone number, you can access all of your accounts through a single app. The app brings all your bank accounts under a single UPI ID through which you can transfer money, pay to merchants, and access several other banking facilities. It is entirely a mobile-based interface, wherein, most transactions happen on the mobile through a unique ID known as VPA (Virtual Payment Address). Bank account details, account number, IFSC codes, etc. are not required in UPI transactions.

  • Always available - 24X7 including holidays
  • Very low transaction charges
  • You can send money and ask for money on the UPI platform
  • Transaction limit of up to Rs.1 lakh per day

What is UPI?     Watch here

What does UPI Support?    Watch here

Which banks are members of UPI?    Watch here

Axis Bank UPI video    Watch here

PNB UPI Set-up Video    Watch here

UPI FAQs    Watch here

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