UPI Payments

Unified Payments Interface (UPI) is an immediate real time payment system that enables the transfer of funds between two bank accounts, through a mobile platform.

This payments interface has been developed by the National Payments Corporation of India (NPCI), which is regulated by the Reserve Banking of India (RBI).

In order to transfer and receive funds through UPI, users need to create a Virtual Payment Address (VPA). A VPA is in the format of unique name@bankname and needs to be mapped to the user’s current or savings account. This VPA can be used by others to transfer funds to the user. Hence, users need not know or remember the account numbers and IFSC codes of their intended recipients.

Note: UPI Payments is available to retail users on mobile applications only for small screen devices and is not available on tablets or desktops.

Workflow- VPA Creation

Workflow- VPA Maintenance (Edit & Delete)

Workflow- UPI Transfers

Features Supported In the Application

The following features are available as part of UPI Payments:

• Manage VPA
• Create VPA
• Edit VPA
• Delete VPA
• Transfer Money
• To existing VPA payees
• To existing domestic account payees
• Adhoc transfers to VPAs
• Adhoc transfers to domestic accounts