WHAT IS UPI?
UNIFIED PAYMENTS INTERFACE IS A SYSTEM IN INDIA WHERE PEOPLE CAN SHARE MONEY BANK TO BANK FROM ANY TIME ANYWHERE AT ANY SITUATION.
HISTORY OF UPI:
IN TODAY'S GENERATION WE SIMPLY WANT TO DO ANY WORK FROM HOME EVEN A SIMPLE MONEY TRANSFER. BEFORE THAT IF WANT TO DO ANY MONEY TRANSFER WE HAVE TO GO TO BANK AND LINE UP FOR A HOUR OR TWO. SO, FOR OUR HELP NATIONAL PAYMENT CORPORATION OF INDIA(NPCI) COLLABORATE WITH RESERVE BANK OF INDIA AND LAUNCHED A SYSTEM UNIFIED PAYMENTS INTERFACE(UPI) IN APRIL 11 2016.
USES OF UPI:
UPI CAN BE USE FOR TRANSFERRING MONEY FROM ONE BANK ACCOUNT TO ANOTHER. IT IS QUITE FAST THAN NEFT. BY UPI YOU CAN TRANSFER PAY A SHOP RECHARGE A MOBILE PAY ELECTRICITY BILL AT ANYTIME EVEN ITS A HOLIDAY OR RAINYDAY.
HOW WORKING?
TO USE OF UPI YOU HAVE TO CREATE YOUR OWN UPI ID (VPA). FOR THAT YOU HAVE TO TAKE HELP OF SOME APPLICATION WHICH IS TOTALLY FREE OF COST.
UPI SUPPORTING SOME APPLICATIONS:
- GOOGLE PAY
- PHONE PAY
- AMAZON PAY
- AIRTEL PAY
- FREECHARGE
- PAYTM
- MOBIKWIK
UPI PIN:
TRANSACTION LIMIT:
SOME UPI ACCEPTABLE BANKS:
- STATE BANK OF INDIA
- ICICI BANK
- UCO BANK
- PAYTM PAYMENTS BANK
- AIRTEL PAYMENTS BANK
- UNITED BANK OF INDIA
- BANK OF INDIA
- HDFC BANK
- AXIS BANK
- YES BANK
- BANK OF BARODA
- UNION BANK OF INDIA
UPI SECURITY:
WHEN TO START UPI?
THIS IS A SMALL INFORMOTION ABOUT UPI.HERE WE DICUSSED
- WHAT IS UPI?
- HISTORY OF UPI:
- USES OF UPI:
- HOW WORKING?
- UPI PIN:
- TRANSACTION LIMIT:.
- SOME UPI ACCEPTABLE BANKS:
- UPI SECURITY:
- WHEN TO START UPI?
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