Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a posingle mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.

Unique

• Immediate money transfer through mobile device round the clock 24*7 and 365 days
• Single mobile application for accessing different bank accounts.
• Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines, yet provides for a very strong feature of seamless single click payment.
• Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to enter the details such as Card no, Account number, IFSC etc.
• QR Code
• Best answer to Cash on Delivery hassle, running to an ATM or rendering exact amount.
• Merchant Payment with Single Application or In-App Payments.
• Utility Bill Payments, Over the Counter Payments, QR Code (Scan and Pay) based payments.
• Donations, Collections, Disbursements Scalable.
• Raising Complaint from Mobile App directly.

Benefits to Customers

• Round the Clock availability
• Single Application for accessing different bank accounts
• Use of Virtual ID is more secure, no credential sharing
• Single Click Authentication
• Raise complaint from Mobile App directly.

Merchants

• Seamless fund collection from customers – single identifiers
• No risk of storing customer’s virtual address like in Cards
• Tap customers not having credit/debit cards
• Suitable for e-Com & m-Com transaction
• Resolves the Call of Duty (COD) collection problem.
• Single click Two Factor Authentication (2FA) facility to the customer - seamless Pull
• In-App Payments (IAP)

Banks

• Single click Two Factor Authentication (2FA)
• Universal Application for Transaction
• Leveraging existing infrastructure
• Safer, Secured and Innovative
• Payment basis Single/Unique Identifier
• Enable seamless merchant transactions

Prerequisites

1. Please ensure that the mobile number linked to your bank account is same as the one verified in any UPI App.
2. You can set your UPI pin on any Payment Service Provider (PSP) app using your debit card details.
3. UPI-PIN (UPI Personal Identification Number) is a 4-6 digit pass code you create/set during first time registration with this App. You have to enter this UPI-PIN to authorize all bank transactions. If you have already set up an UPI-PIN with other UPI Apps you can use the same.
4. At present, the upper limit per UPI transaction is Rs.1 Lakh
5. In case of mobile loss, one needs to simply block his mobile number thus no transaction can be initiated from the same mobile number which is a part of device tracking and at the same time UPI pin would be required for any transaction which is not to be shared with anyone.

Thanks to the Teams of NPCI
Our UPI Application Service Provider, M/s.Saraswat Infotech Pvt. Ltd. (SIL)
Our RuPay Debit service provider, M/s.Sarvatra Technologies Pvt.Ltd. besides Reserve Bank of India (RBI) who had given permission to our Mobile Banking Services, for the successful implementation of UPI for our Bank.