What is UPI And How Does it Work? All you Need to Know
What is UPI?
UPI is a new payment method that allows individuals to transfer money from one bank account to another instantly.
What is UPI PIN ?
A UPI PIN is a four or six-digit passcode that one needs to Enter to authorise every transaction.
What is UPI ID ?
UPI ID is a unique virtual payment address that one requires to send or receive money
How to use??
UPI mode of payment can be used by following these steps
Download any NPCI-approved UPI app from Play Store or App Store such as BHIM, Google Pay or respective bank apps (which has UPI enabled
After opening the application, enter the phone number that is linked with your bank account
Allow all permissions that the app asks for
After entering the OTP, proceed to the next step
Set a PIN (LOGIN passward)
Tap on the ‘Add Bank Account’ option and choose your bank
Set Your UPI PIN after Providing Bank Details
You are Done