Unified Payment Interface is a system that allows access to multiple bank accounts and services through a single device interface. You can setup your own UPI app simply through the mobile number registered with your respective bank A/c. With UPI, you can also send money to your friends and family instantly, without adding them as beneficiary first! The only eligibility requirements for obtaining a UPI Virtual Private Address are:
- An active Savings or Current Bank Account operated as ‘Self, Either or Survivor, Anyone’
- A Customer ID along with a phone number registered with the Bank Account.
Furthermore, you can access various other features of your account like Balance Enquiry, Transaction History, Send/Collect Requests through the UPI App. So, what are you waiting for? Register for UPI soon!