UPI App – How UPI App Works, Know About Features, Benefits, Charges, Downloads and Everything About UPI App Here

UPI stand for Unified Payment Interface. It is basically an effort to simplify the process of online transaction across India. Sending or receiving money was not as simple as it turns to after introducing of this App. You can transfer or receive your money simply by using your smartphone. Earlier, making online transaction was considered to be a very challenging job. Even a well educated but technophobe person find it very hard to perform any online transaction, as one has to go through the hassle of typing account number, IFSC Code, OTP etc. It minimises your effort; it allows you to pay your merchant directly from your bank account. The process of sending money via UPI is as simple as sending text messages to a next person. In eyes to queries of most of the people, we have incorporated all the minute information regarding UPI App in such a way that everyone will be benefited. After reading this article you will get answers to the following questions such as; What is UPI App?, How UPI Apk works?, How to use UPI Apk?, Benefits and Charges of UPI App, How to download UPI App for Android Phone? Best UPI App download for IOS (iPhone)/ Android/ Windows Phone, Transaction Charges and Transaction Limits of UPI App etc.

Benefits of UPI App:

UPI AppIt is probably the best App that makes online transaction easiest way. The most remarkable thing about this App is it allows the customer to pay both online and online mode. Here we are going to listing the few exclusive features of UPI App

It is a single window for all kind of transaction:

UPI App is probably a single App that allows all kind of transaction from a single window. You can transfer your money between any two bank accounts easily. It is undergoing from so many transformations. Soon you will be able to pay your cab service provider like Ola, Uber, food ordering services like Food Panda, Zomato, and many online marketing companies via UPI App. We can define this App in one word and that would be ‘Magical App’

Account to Account Money Transfer:

UPI App allows the customer to transfer their funds within the two different accounts. There are many App available in the play store, but apart from the UPI Apk, none of the App having this kind of facilities. Let’s have a look the procedure of fund transferring via Paytm. Suppose there are two person A and B, Person A want to transfer few amount to the account of B, let’s see how the transaction will be done.

  • First of all, the Person A (Payer) will add the amount to his Paytm wallet from his account
  • Next, the person B also must have their Paytm Wallet
  • The Person A will transfer the amount from his Paytm wallet to Person B’s Paytm wallet
  • Now the Person B will transfer their received amount to his bank account.

Isn’t it looks lengthy process??. If you have UPI Apk, you will not have to go through these lengthy processes. It will transfer your amount from one account to another account within the second. In the case of Paytm and Mobikwik, transaction possible within the App only, but UPI gives you the facility to transfer your money to any of the accounts.

It supports Cashless Economy in true Sense:

UPI AppIn order to fight with the problem of Black Money our Prime Minister Narendra Modi emphasising on the cashless transaction. This App has designed in such a way that even a barely literate person can use it very easily. Mostly while purchasing in nearby grocery shops neither we nor shopkeeper prefer to take payment through online mode due to the various reason. But with the launching of UPI Apk, acceptance towards cashless transactions has increased. It’s a well-established fact more you use UPI App, less you visit ATM.

Cheaper than other Mode of Payment:

Transferring funds through the UPI is cheaper than other modes of transaction. Per transaction charges via UPI is less than 50 paise. In comparing to UPI, you have to pay more when you use NEFT or IMPS. Minimum charges for NEFT for per transaction is Rs 2.5 while per transaction charges for IMPS is Rs 5.

Minimise your Time & Effort:

Earlier, transferring fund itself was a huge task. You had to go through adding of beneficiaries account number, IFSC code, OTP etc. After adding the account number, you had to wait for 4 to 24 hour for activation. But UPI minimises your time and effort both. Neither you have to go through the hassle of typing all the details nor it’s a time-consuming process. The only thing you have to do is just type UPI Code of the beneficiary, enter the amount and push on the send button.

Safe and Secure:

Due to the ongoing incident of theft and cloning of debit & credit cards, few people reluctant use it. Numerous case of cloning of card has been registered in recent time that discourages people towards payment through swiping & online transaction. As far as concern of UPI, it is safer than another mode of transaction for many reasons.

Due to the ongoing incident of theft and cloning of debit & credit cards, few people reluctant use it. Numerous case of cloning of card has been registered in recent time that discourages people towards payment through swiping & online transaction. As far as concern of UPI, it is safer than another mode of transaction for many reasons.

  • Transaction is not possible without registered mobile number
  • It has double layer protection. You have to enter your 4 digits secret passcode at the time of opening of the App, you have to enter another 6 digit secret pin before a transaction.
  • You need not share your account number, debit & credit card details with the payee or payer. The only thing you have to do is sharing of UPI Code, that does not reveal any kind of sensitive information regarding bank account.

Immediate Fund Transfer:

It is the fastest mode of money transfer till date. You need not go through the hassle of adding the account, waiting for activation etc. Neither it is time bounded like other online banking facilities have. It works 24 X 7, 365 days of the year.

How to Download UPI App:

Downloading UPI Apk is not a big deal. The only thing you have to do is, go to play store of your mobile, type UPI Apk with bank name, the result will appear on your screen. Say for instance if you want to download UPI App for PNB Bank, Your search would be..

UPI AppFrom all the available options, you must have to find the right one, which will appear like this.UPI App

Presently, around 30 banks are connected with this platform, and their number increasing continuously. Out of the 30 banks, 21 banks already have their UPI Application. We need not say that it has revolutionised the banking system. Presently, UPI App is available for Android version only, but soon it will be available for IOS (iPhone) & Windows Phone.

How to use UPI App:

This is a very basic question that emerges in everyone’s mind that How UPI App Works?, and what are the steps that we have to follow while using this App. If you are having the same question then we have answer for you

Detailed Steps to use UPI:

  • After downloading the App, you have to install it on your mobile device
  • Next, it will ask for the number. You have to enter your registered mobile number
  • SMS will be sent for the authentication
  • Next option is Add your bank account, once you select your bank, your account will appear on your screen
  • Create your VPA (Virtual Payment Address). It could be anything followed by @prefix (prefix will be the name of the bank). For example raza@sbi, sana@ubi, 325@ubi, fkc@boi etc.
  • Your global VPA will be different. It will include your mobile number, Adhar number and account number.
  • Set your M-PIN
  • Start transaction. You can make a transaction of Rs 50 to 1 lakh at a time via UPI

The process to Send Money Via UPI:

Another big question that comes to our mind is How to Send Money or How to Transfer Money via UPI? Here are the following steps that will guide to make transaction possible.UPI App

  • Login to your You Pockets Apk and the Tap on UPI
  • Then click on send option; Send Money using VPA
  • Fill up necessary details like amount, remarks etc
  • If you have more than one account or VPA, choose the VPA from which you want to transfer your amount
  • Click on Submit button, your transaction will be done

The Process to Receive Money Via UPI:

Here are the steps that will guide you to how to receive money via UPI

  • Login to your You Pockets Apk and the Tap on UPI
  • Then click on Collect Money
  • Fill up necessary details of the payer, like VPA of the person you want to collect money, amount, remarks etc
  • If you have more than one account or VPA, choose the VPA in which you want to credit your amount
  • Click on Submit button, once the payer will approve your request, your amount will credit into your account.
  • You can set the time of credit according to your convenience. The validity of request will be expired automatically after seven days.

List of the Banks that Support UPI:

Here is the list of banks that providing the app on the Google Play Store.

  • Andhra Bank: Download
  • Axis Bank: Download
  • Bank of Maharashtra: Download
  • Bhartiya Mahila Bank: Download
  • Canara Bank: Download
  • Catholic Syrian Bank: Download
  • DCB Bank: Download
  • Federal Bank: Download
  • HDFC Bank: Download
  • ICICI Bank: Download
  • Indian Bank: Download
  • TJSB Sahakari Bank: Download
  • Oriental Bank of Commerce: Download
  • Karnataka Bank: Download
  • UCO Bank: Download
  • Union Bank of India: Download
  • United Bank of India: Download
  • Punjab National Bank: Download
  • South Indian Bank: Download
  • Vijaya Bank: Download
  • YES Bank: Download

Transaction Charges:

Transferring funds through the UPI is cheaper than other modes of transaction. Per transaction charges via UPI is less than 50 paise. In comparing to UPI, you have to pay more when you use NEFT or IMPS. Minimum charges for NEFT for per transaction is Rs 2.5 while per transaction charges for IMPS is Rs 5.

Is There Per Transaction Limit?

Yes, you can transfer 1 lakh per transaction at a time.

Download UPI App for IOS (iPhone)/ Windows Phone:

UPI App for IOS (iPhone)/ Windows Phone is not available till date, but it will be available soon. If you are planning to buy an Android phone only because of UPI, then you can drop your plan. As per the intimation, it will be available for the download anytime of this month.

UPI App Vs Paytm:

The honest reply for this comparison is ‘there is no comparison between these two apps’. UPI App is far superior then Paytm. Paytm is mobile wallet only, you can transfer your amount from Paytm to Paytm only. Before making any kind of payment, you have to add the amount to Paytm wallet and for adding the amount you have to log into your bank account. But if you have UPI App, then you should not go through these lengthy process. UPI transfers the amount directly to the account.

UPI Vs BHIM App:

Click Here” for more information about UPI App Vs BHIM App.

UPI Helpline Number:

And the last but not least question that comes to our mind is what is UPI Customer Care Number? There is 2 toll-free number of UPI that you can dial to get more information about UPI App.

UPI App Customer Care Number: 022 – 40009100

UPI App’s new Toll-Free Number: 14444

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