What is UPI and How it works

You have to create a UPI PIN and a virtual payment address (VPA) to avail UPI services. Then you have to link it to your bank account. The virtual payment address becomes your financial address.

You have to create a UPI PIN and a virtual payment address (VPA) to avail UPI services. Then you have to link it to your bank account. The virtual payment address becomes your financial address. After this you do not need to remember your bank details such as a/c number, bank name or IFSC code etc. The payer simply processes the payment request according to your mobile number and the payment is credited to your bank account

UPI PIN stands for Unified Payments Interface Personal Identification Number. It is a 4 or 6 digit unique code that users set when they register themselves for the first time on a UPI based app. It is a very important set of numbers that users must always remember and must never be shared with anyone .

UPI kya hai : UPI stands for Unified Payment Interface which is a payment system that allows users to transfer money between bank accounts.It eliminates the need to enter bank details( IFSC Code, A/C number e.t.c)each time a customer initiates a transaction.

Step 1: Go to the UPI app ( Google Pay , BHIM, PhonePe etc.)

Step 2: Tap on ' Bank account ' option.This section shows all the bank accounts linked with this particular app

Step 3: Select the bank account for which you want to set a UPI PIN. You will see a ‘SET PIN' option in case you have never set a UPI PIN for the bank account

Step 4: Enter the ‘Last six digits’ and ‘Expiry date’ of your Debit/ATM card