UPI
UPI or Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring the funds between the two bank accounts through a mobile platform. Hence, UPI is a concept that allows multiple bank accounts to get into a single mobile application.
UPI Members
UPI can be done through
Third Party Apps like Google Pay, PhonePe, PayTM etc.
Timings : 24 x 7
Transaction Limits (UPI services)
| Limit / Transaction | Limit / Day | Charges |
|---|---|---|
| UPTO Rs. 1,00,000 | UPTO Rs. 1,00,000 | Nil |
- Limit of Rs. 5,000 for 24 Hrs after first transaction on new registration or after changing PIN