December 26, 2024 · 11 mins read
Santosh Kumar
UPI - Unified Payments Interface is a payment system application that enables users to transfer money between bank accounts through mobile phones. UPI enables a simplified transaction through the use of QR codes, UPI-registered mobile numbers or VPAs (Virtual Payment Addresses). The UPI payment system is regulated by India's central bank, RBI (Reserve Bank of India). All bank features are combined into one mobile payment system created by the NPCI (National Payments Corporation of India). The app's main aim is to eliminate the need to enter bank details and other account information each time there is a transaction. The transactions are protected by a PIN that ensures safe and secure transactions.
1: UPI is a unique payment system that enables merchants and other users to transfer funds easily
2: There is no fee or charge for making payments or requesting payments through UPI. UPI enables peer-to-peer transactions free of cost.
3: UPI is a fast payment mechanism that allows financial transactions to be carried out 24/7, 365 days a year.
4: There is no minimum limit on the amount that can be transferred through UPI.
5: UPI has the option of autopay by NPCI for regular payment of utility bills.
6: There is a 2-factor authorisation which allows users to make single-click payments easily
UPI ID is a unique identification address that creates a link between the UPI application and the user’s bank account. UPI ID serves as a Virtual Payment Address for users to make secured transactions directly from a bank account without the hassle of going through different banking procedures and simplifies the payment process. The format of UPI ID is username@bankname or usernumber@bankname
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To create a UPI ID, the user must follow the below steps
Step 1: Select the UPI app
The user has to install a UPI app that is compatible with their mobile phone and can be linked with the bank. There are a number of UPI apps available
Step 2: Register with a mobile number
After installing the UPI app, the user must register and verify with the mobile number that is to be linked with the UPI app
Step 3: Link bank account
The next step after registration is to link the bank account with the UPI app. There will be an option to link the bank account, select the bank, and enter the necessary details.
Step 4: Create UPI ID
After the bank account has been linked to the UPI, the user has to create a UPI ID in the format {username}@{bankname}. Set the username as desired and instructed.
Step 5: Verify UPI ID
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The UPI ID will be verified through the UPI app after creation.
After creating the UPI ID, it will be easy to send money through UPI. The UPI ID of the recipient or the receiver’s number that is linked to their UPI is a must.
Step 1: Open the UPI app
Step 2: Search and select the ‘send money’ or ‘ pay phone number’ or ‘ pay UPI ID’ option
Step 3: Enter the number or UPI ID of the receiver
Step 4: Choose the bank account through which money has to be transferred
Step 5: Enter the amount to be transferred
Step 6: Ensure the transaction details are correct
Step 7: Enter the UPI PIN and confirm the transaction
The sender will get a notification on the registered mobile number that the money is debited from the sender's bank account and credited to the receiver's bank account instantly.
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UPI ID is the unique identification address created for the UPI app. It is also known as the Virtual Payment Address (VPA) and is provided for making or receiving payments through UPI. Unlike the traditional payment method where the bank account details like account number, IFSC code etc. had to be given, the UPI transaction system requires the UPI ID, mobile number linked to UPI or the QR code to make transactions. The recipient's UPI ID is the unique identifier to send or receive money through UPI. It is important to note that UPI ID and UPI PIN are 2 different things. UPI ID can be shared to enable transactions, but UPI PIN must not be shared with anyone. Sharing a UPI ID or the registered mobile number or QR code enables transactions to make or receive payments, while a UPI PIN is only for the user to authorise payments made through the UPI app.
There can be some particular reasons why UPI ID may get blocked
Incorrect PIN attempts: While entering a UPI PIN, if an incorrect PIN is entered several times, then the app will temporarily block the UPI ID in order to safeguard the UPI account from any unauthorised access
Suspicious activity: Any suspicious activity in the account that the system detects will be considered a threat, which is why the UPI ID can get blocked
Issue with linked bank account: In some cases, if the bank account linked with UPI has issues like frozen or deactivated, then the UPI ID may get blocked.
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The general process to unblock UPI ID is common for almost all UPI apps. The steps given below are to be followed to understand how to unblock UPI ID:
Step 1: Login into the UPI app using the necessary credentials
Step 2: Go to settings or search for the 'help' option
Step 3: Look for the ‘Reset UPI PIN’ or ‘Blocked UPI ID’ option
Step 4: The app will do a verification by sending an OTP to the registered mobile number after asking for necessary details.
Step 5: The app may or may not ask to reset the UPI PIN. This step differs according to the UPI app being used
Step 6: After the verification, the UPI ID will most likely be unblocked after the user receives a confirmation message in the app.
It is important to note that the UPI PIN must not be shared and must be kept confidential at all costs. Unblocking the UPI ID does not require sharing the UPI PIN; the verification process will be done using the debit card details or through the registered mobile number.
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To prevent any future blockage and minimise the chances of UPI ID being blocked, follow the given below steps
1: Set an easy PIN and memorise it: To avoid forgetting and entering incorrect PINs, a password and PIN must be set that is easy to remember.
2: Beware of fraud and scams: The user can get a spam email SM, S, or even phone calls, which can be used as an attempt to gain unauthorised access to steal UPI PIN or access bank accounts
3: Report suspicious activity: Any suspicious activity on the UPI app must be reported to the bank linked to the app and the app provider.
UPI PIN (Unified Payments Interface Personal Identification Number) is a 4 - 6 digit code set by the user to enable transactions through the UPI app. It allows users to send and receive money instantly from bank accounts and adds an extra layer of security to transfer funds through UPI.
UPI PIN serves as an important element and acts as an added security for UPI transactions
1: Authentication of transactions: The UPI PIN ensures authentication of digital transactions that are initiated through the UPI app.
2: Prevention of fraud: UPI PIN adds an extra layer of security for all payments made through UPI that protects and safeguards all transactions from potential fraud or unauthorised access
3: Secured transfer of funds: Transactions made through UPI are secured and safe because of the use of UPI PIN, which is regulated and governed by the NPCI
4: Confidential: The UPI PIN must be kept confidential and not shared to maintain security and prevent unauthorised access.
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UPI PIN is a 4 - 6 digit numerical code that is an added security measure for making transactions using UPI to prevent unauthorised access and fraud. Given below are the steps to generate a UPI PIN
Step 1: Download and open the UPI app on the mobile phone
Step 2: Select the bank account which is to be linked with UPI and search for the PIN generation option
Step 3: enter the necessary details asked, after which the user will receive an OTP on the registered mobile number for verification
Step 4: After the verification, the UPI PIN of the user's choice has to be entered and confirmed
The most important thing to remember while setting the UPI PIN is that it must not be easily guessable or contain any personal information or details of the user. The PIN must be easy to remember and kept strictly confidential.
The UPI ID (Unified Payments Interface Identifier) is a unique identification used by UPI that enables users to make digital transactions conveniently through UPI apps. The UPI ID, also known as VPA (Virtual Payment Address), was launched by the RBI (Reserve Bank of India) to regulate digital transactions that allow users to send and receive money directly from bank accounts that are linked with the UPI
UPI ID getting blocked might be considered as a minor inconvenience but with the right information on how to unblock UPI ID, it can be unlocked and used easily. The user-friendly interface of UPI apps makes it very convenient to fix such issues. However, it is important to be careful while using the app and troubleshooting as it contains sensitive information linked to the bank account. Any fraud or unauthorised access can threaten the user's sensitive information, so it is important to be vigilant to reduce the chances of getting a UPI ID blocked.
What is UPI ID?
UPI ID (Unified Payments Interface Identifier) is a unique address that is created to link UPI with bank account for making digital transactions
Is UPI ID unique for everyone?
UPI IDs differ depending on the UPI application being used. For example, the UPI ID linked to a particular bank account in a particular app may vary.
Is it safe to share the UPI ID?
Yes. UPI ID is just a VPA (Virtual Payment Address) that does not contain bank details or personal information. It enables users to make and receive payments.
Is UPI ID free?
There are no charges or fees for making transactions through UPI or creating a UPI ID as per the regulations of NPCI.
How to find the UPI ID in the app?
Open the app > tap on profile photo > select bank account option > choose the bank account with which UPI is linked > the UPI ID associated with that bank account will be displayed
Why does UPI payment get blocked?
There might be several reasons why UPI payments get blocked, like incorrect PIN attempts, exceeding payment limit for a day, frozen or deactivated bank account, etc.
Is it possible to create a UPI ID without linking the mobile number to a bank account?
No. For the registration and verification process, a mobile number must be linked to the bank account to use UPI.
What is an example of a UPI ID?
UPI ID is just like an email address. The most common format of a UPI ID is {username}@{bankname} For e.g. xyz@sbi.
How to check all UPI IDs?
Only the user's UPI ID can be viewed and accessed, and the recipient's UPI ID can be viewed when shared by them
Is the UPI ID and UPI PIN the same?
UPI ID is the VPA (Virtual Payment Address) and is used for making transactions using UPI apps. UPI PIN is a 4 - 6 digit code that authorises transactions done through the UPI app and must be kept confidential.
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