Sunday, 29 January 2017

How To Download UPI App On Your Mobile

Unified Payment Interface (UPI) is a mobile payment system which allows you to do a various financial transaction on your smartphone. 


Once the application is downloaded, the customer needs to create a unique ID by adding his bank account details. 

The customer can use and install the UPI easily. Just follow the below-mentioned steps. 

Bank customers can do a financial and non-financial transaction using UPI app. Financial transactions include transferring funds to the intended beneficiary. Non-financial transactions such as: 

  • Mobile Banking Registration for only registered numbers 
  • Generate One Time Password ( OTP) 
  • Set or Change PIN 
  • Check Transaction Status 
  • Raise Dispute/ Raise query 


What are the different channels for transferring funds using UPI? 


  • Individuals can use different channels to transfer funds using UPI such as: 
  • Transfer through Virtual ID
  •  Account Number + IFSC
  •  Mobile Number + MMID 
  • Aadhar Number 
  • Collect / Pull money basis Virtual ID 
  • To install the same, customer should have an account with the bank who is registered with UPI for providing payment solutions. 

Simple steps to download UPI App on your mobile:


  1.  Download the UPI Apps of your bank from Google Play store.
  2.  Login and create virtual address (say for example Virtual ID can be 12345@ICICI) 
  3. Add your bank account details 
  4. Generate Mobile PIN or mPIN for Mobile Banking 
  5. Individual will also have an option to link the Aadhaar number 

Things To Know

  • Individuals can link several bank accounts to the same virtual address.  
  • UPI provides for real time reversals for technical declines and amount would be transferred back to the payer account immediately.
  • In any transaction through UPI, PIN would be required which needs to be fed through the mobile at the time of any transaction making it safe and secured.  
  • A customer cannot link a wallet to UPI, only bank accounts can be added.In UPI, one can do up to 20 transactions for an amount of Rs 1 lakh per day. 
  • This is to remember that UPI can be worked only on mobile with features of Apps download.



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