UPI FAQs, UPI App Related Frequently Asked Question यूपीआइ एप्प संबंधित सवाल

By | May 7, 2020

UPI FAQs, UPI App Related Frequently Asked Question यूपीआइ एप्प संबंधित पूछे जाने वाले सवाल: – Dear Reader, here you can get all question regarding the use of the UPI App.

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UPI App Related FAQs {Frequently Asked Questions}

What is UPI?

Unified Payment Interface is a payment system developed by the National Payment Corporation of India. UPI allows you to transfer money between any two parties via smartphone through a payment identifier like a virtual address or Account number and IFSC.

List of Banks who are providing UPI?

  • Andhra Bank
  • AXIS Bank
  • Bank Of Maharashtra
  • Bharatiya Mahila Bank
  • Canara Bank
  • Catholic Syrian Bank
  • DCB Bank
  • Federal Bank
  • ICICI Bank
  • TJSB Sahakari Bank
  • Oriental Bank Of Commerce
  • Karnataka Bank
  • UCO Bank
  • Union Bank Of India
  • Punjab National Bank
  • United Bank Of India
  • South India Bank
  • Vijaya Bank
  • YES Bank
  • IDBI Bank
  • RBL Bank

UPI is available on which platforms?

The UPI, as of now, is available only for Android smart phone users and can be downloaded through the play store, for other platforms it would be made available shortly.

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What is MPIN?

MPIN is mobile internet banking transaction password that would have been given to you at the time of account opening. You can generate one by entering your Debit cards last six digits and expiry date. MPIN is usually of 4 character length with a value ranging from 0 to 9.

Is UPI safe?

Yes. Transactions are 2 FA authorized. In a layman term, two rounds of verification would be done for each transaction. For Example PNB Smartz a UPI App would request login password and MPIN to transfer money to the third party.

What are the requirements for using UPI App?

  • An android phone with internet services
  • An operative bank account
  • The mobile number is registered with UPI must be linked to the bank account.
  • Active debit card relating to this account for creating UPI PIN for transactions

How do I register for the UPI application?

  • Tap CLICK ME to verify your mobile number. A silent SMS will be sent from your mobile for verification. The SMS should be sent from the mobile number registered with the bank accounts. In case of dual- SIM phones, please ensure the SMS is delivered from the mobile number registered with the bank (Please keep the registered SIM in the 1st slot).
  • After your mobile number is verified, the New Registration screen is displayed. Fill in the required details.
  • Create six digits numeric password for logging in to the application and confirm the same.

What is `Virtual Address`? How do I create one?

Virtual Address is created for your bank account which acts as a unique identifier to be used for performing the transactions. To send money, you just need to enter the virtual address of the beneficiary.

What can be beneficiary address?

  • Enter VPA- Virtual Address
  • Or Mobile Number +MMID (7 digit number shared by Bank)
  • Or Bank Account Number +IFSC Code
  • Aadhar Number

FAQs for UPI App

Can I keep more than one Virtual Address for an account?

Yes, for a given bank account, more than one virtual address up to a maximum of 10 can exist.

Can I transfer money abroad using UPI?

No, only domestic transactions can be done.

What happens if my mobile phone is being used by other person or is lost?

The UPI app authenticates your identity through the mobile number. In case of theft, get your mobile number blocked through your service provider. Also, the PIN would be required both for logging into the application and authorizing the transaction. So the possibility of a security breach is minimized. As a practice, never disclose your PIN to anyone.

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