February 9, 2025 · 12 mins read
Santosh Kumar
The modern world has become way more digital than physical. From small day to day activities to work lives, we all are caught up with the technologies. It might not be wrong to say that we live with technology, and they guide us. Our day-to-day lifestyle has money as an inevitable factor that everyone must deal with. However, technological development made cashless transactions possible, where you can have digital money. You can transfer money from one account to another without cash or even without visiting the banks for cheques, which is now done through transaction applications. These applications work with the help of UPI and some other various modes of transactions. YBL in UPI is one of the UPI IDs used to make transactions digitally. Let's learn more about YBL and how it is used in UPI.
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YBL stands for Yes Bank Limited, a private-sector bank in India. Rana Kapoor and Ashok Kapoor were the founding members of this bank, which started in 2003. Located in Mumbai, it serves retail customers, corporate clients, and small and medium-sized enterprises or businesses. It is fascinating that it has been spread across 300 districts all over India, involving over a thousand branches and thousands of ATMs. It also has the State Bank of India as one of its major shareholders.
With Yes Bank, you can apply to create an account for any of the following. They offer digital savings accounts, savings accounts and current account options for account creation. They also have fixed deposits and credit cards, and you can apply for loans like personal, home, auto, and educational loans. Along with that, there are certain services they offer for you. It includes online loan payments, credit card bill payments, insurance claim intimation, KYC channels, ATM services, etc.
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The YBL in UPI is the short, suffix term used in UPI ID. You can use @ybl associated UPI ID on PhonePe for payments. The PhonePe uses three different formats in creating the UPI ID for accounts. It will be either associated with @ybl @ibl or @axl. For example, the UPI ID created on PhonePe will be in the format 'XXXXXX@ybl'. Here, the 'XXXXXX' can be your name, email address, or mobile number. It is up to us choice in select which can be kept as our UPI ID. The suffix of @ybl will be added to the name, email, or mobile number selected.
Here, we know that ybl is denoting the Yes Bank. So, likewise, the @ibl refers to ICICI bank, and @axl refers to the Axis Bank's UPI suffix when it is created on PhonePe. Thus, these YBL in UPI are nothing but something that is associated with the UPI IDs created on PhonePe, and these are assigned automatically while creating UPI IDs for any accounts. These ybl, ibl and axl are called as handles since they’re attached with the accounts’ UPI ID created over PhonePe. This YBL in UPI is one of the two widely used UPI handles, and another one is @ibl, which is linked with ICICI Bank. PhonePe has partnered with Yes Bank and ICICI Bank to have their suffix with the UPI IDs. Before knowing more about YBL in UPI, it is equally significant to know what PhonePe is and how that works since @ybl is used comparatively more on PhonePe.
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PhonePe is a mobile payment application, which has been used widely in India. It is obviously a digital platform that was created for transferring money from one account to another, let it be to persons or merchants; it is done with the help of the UPI, PhonePe wallet or Debit or Credit card. With PhonePe, you can also recharge your mobile numbers, pay utility bills, etc. All you have to do is enter the details of your mobile number and bank account and the UPI ID will be generated automatically with either ybl or axl or ibl. With the generated UPI ID you can pay and also receive money from others. All that is needed to do is either enter the UPI ID or scan the QR code, and you're good to pay. The same process is followed to receive money. You can either share the UPI ID or its QR code for the sender to send you the money. This is how transferring money to PhonePe works. It is as simple as that.
The connection between PhonePe, UPI, and @ybl is interlinked. Without @ybl or @ibl or @axl, a UPI ID is impossible to generate. Irrespective of the bank from which the account has been created, the suffix of @ybl will be linked with the UPI created via PhonePe. This is because PhonePe partnered with Yes Bank to launch a UPI-based mobile payment application during its initial development stage. This explains the bond between YBL and PhonePe.
One of the beneficial things with the advent of UPI would be the less chance of sharing information like bank details, IFSC numbers or even mobile numbers. You can just share the UPI ID to receive or transfer the money. Payments are made simple and more straightforward with a single step and not too many details to be entered before processing the payment. Also, it is safe and secure with the PINs which are mandatory to be entered before making a transaction.
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**Let’s look at the steps of creating a UPI ID with PhonePe. **
1: The first step is to have the PhonePe app downloaded on the mobile phone
2: After that, click the profile section and then go to payment methods to select the bank account. Add the bank details in that section
3: Tap +, which will be next to the UPI handles such as ybl, axl, ibl
4: Create a UPI ID of your choice or select one ID from the suggestions, and the handles will be generated. After this, the UPI ID would be created successfully
Once the process is completed, it will ask you to set the pin so that you can have secured transactions. This pin is used to enter before making any payments to others.
Yes, UPI is safe to use with YBL because both rely on secured transactions. UPI works with a safe and highly secure payment system with two-factor authentications like pins and passwords. YBL is also a regulated bank adhering to the National Payments Corporation of India (NPCI), which operates the payments in India. NPCI was started by the Reserve Bank of India, and therefore, it is very safe to use for transactions.
Though the UPI is secured, it is always better to be preventive to check the UPI ID before making a payment. Also, it is suggested not to click on links that say the reward will be processed if you visit it. It might ask for the UPI pin, and if you enter the pin, then the scam becomes successful, and the money will be transacted to the scammer's account. So, it is always necessary to be careful not to enter the pin anywhere else other than while making the payments.
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There are multiple advantages to using YBL in UPI, especially over PhonePe. Let's examine the advantages of including YBL.
Reliability: The major advantage of YBL in UPI is that it allows instant, real-time transactions in a safe and secure manner. It doesn't require any details such as account number, bank details, or IFSC codes as other banks
Accessibility: YBL is convenient to access since you can make UPI payments directly from Yes Bank with a transaction application like PhonePe. It is not restricted, like you could transfer the amount within this time or this place. It is accessible anywhere and anytime. You don't have to worry about being anywhere; all you need to have is a good internet facility to proceed with the transactions. Extensive usage: In the current world, most people are in the digital era, making the popularity of digital transactions inevitable in daily life. Even most merchants and businesses find UPI a trouble-free and friendly mode of transaction. Ever since its wide usage, YBL has been there to make it efficient, making it a widely accepted option.
User-friendly: Another important factor that led to the successful development of ybl in UPI is its simplicity of the process, which made it user-friendly and a go-to option. If this had involved much detailing of beneficiaries or if it had been time-consuming, it might not have reached so far. So, its single-step payment process is what made it user-friendly, leaving people to encounter happy transactions.
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After the detailed analysis of what ybl is in UPI, it is apparent that PhonePe is entirely dependent upon the UPI IDs since the transactions are made efficient and easier in this way. The YBL helps in creating the UPI IDs for your bank account so that you can enjoy the seamless, hassle free and immediate transaction and collection of money. If you want to experience this payment advantages, don’t hesitate and waste the time; rather, join the PhonePe family and create your own UPI ID with @ybl and relish comfortable transactions wherever you are and whenever you want to do payments.
Is YBL only available in PhonePe?
The answer to the above question is no. Yes bank provides its handle of @ybl to all the payment platforms that partner with them. As of now, the platform that is popular among the public is PhonePe, and with them only, you can see @ybl handles if not with Yes Bank. But that doesn't mean that they are available only on PhonePe. Since August 2016, Yes Bank and PhonePe have been partnered, and they are continuing to provide seamless and reliable transactions.
Does GPay have @ybl?
GPay doesn't have UPI IDs ending with @ybl since it wasn't partnered with Yes Bank. It has only partnered with @oksbi of State Bank of India, @okhdfcbank of HDFC Bank, @okaxis of Axis Bank, and @okicici of ICICI Bank. The UPI IDs created on GPay will only have handles from these four handles, depending upon the bank account. Hence, GPay doesn't have the option of a @ybl handle for its UPI.
Do PhonePe and GPay have different UPI IDs for the same account?
Yes, it is possible to use both PhonePe and GPay with the same account. Both apps will have different UPI ID handles for convenience, so having multiple UPI IDs for the same account in both PhonePe and GPay is possible.
For example, you can create the UPI ID for an account with both @ybl and @axl handles in PhonePe and use both of them to transfer and receive money. The same works for GPay. You can have all four handles of the UPI ID for the same account as in PhonePe.
Why do people prefer ybl in UPI?
As per the research, people prefer to use ybl in UPI because Yes Bank is a well-known bank in India and also, and it is under the supervision of NPCI. This tells the fact that it is built with high security, leading to safer transactions. People prefer ybl in UPI due to its popularity, trust gained over time by the public and its recognition as a trusted financial organization. What else is required than these qualities to choose ybl for your UPI payments when all necessary factors are built up effectively?
Will GPay and PhonePe have the same UPI ID?
The chances of GPay and PhonePe having same UPI ID is very less due to the fact that they are partnered with different banks. Though they have Axis Bank as a common partner, the handles of Axis Bank with PhonePe and GPay are different. This makes it impossible to have the same UPI ID for the same account. As you can see, the handle of Axis Bank with PhonePe is @axl, and on the other hand, the handle of Axis Bank linked with GPay will be @okaxis. This clearly marks the difference they have with each other and also justifies why they can't have the same UPI IDs.
What is the difference between YBL and IBL in UPI?
The difference between YBL and IBL in UPI is simple. Both of them are used in PhonePe as handles for its UPI ID. The @ybl is associated and referring to Yes Bank,; on the other side, @ibl is associated with and referring to ICICI Bank. However, both banks are partnered with PhonePe with the same goal. That is to provide easy-peasy payment options and experiences. Though they are two different banks, their motto has been similar, and they strive to give user-friendly experience for the people. You can choose any of those handles because there isn't much difference between their processes.
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