Tag Archives: Phone pe

UPI (Unified Payments Interface) is a real-time payment system developed by NPCI (National Payments Corporation of India). It enables instant money transfer between two bank accounts using a mobile phone.

Feature	Details
Real-time transfers	Money is transferred instantly 24×7, even on holidays
Simple identifiers	Uses Virtual Payment Address (VPA), mobile number, or QR code
No bank details needed	You don’t need to know account number or IFSC
Secure	Two-factor authentication (MPIN + device binding)
Free or low-cost	Usually free or negligible charges
Multiple apps	Google Pay, PhonePe, Paytm, BHIM, etc.

Step 1: Set up UPI

1. Install a UPI app (e.g., BHIM, Google Pay, PhonePe).
2. Link your bank account.
3. Create a VPA (e.g., yourname@upi).
4. Set a 4- or 6-digit UPI PIN.

Step 2: Transfer Money

1. Open the UPI app.
2. Select “Send Money”.
3. Enter the VPA, mobile number, or scan QR code.
4. Enter amount.
5. Enter your UPI PIN to confirm.

Type	Example
🔁 Person to Person (P2P)	Sending money to a friend
🛍️ Person to Merchant (P2M)	Paying at a store or online shop
💳 Bank Transfer	Using IFSC + Account (less common via UPI)
📲 Mobile to Mobile	Using just the mobile number linked with UPI

UPI Free Earning

Category	Limit
Max. per transaction	₹1 lakh (can vary by bank/app)
Daily limit	Usually 10-20 transactions/day
Time restriction	May be restricted for first-time users or high-value transactions

• Don’t share your UPI PIN.
• Avoid clicking unknown UPI links.
• Use only official apps.
• Enable app lock/biometric for safety.

App Name	Platform
BHIM	Government-backed
Google Pay	Android/iOS
PhonePe	Android/iOS
Paytm	Android/iOS
Amazon Pay	Android/iOS
Cred, Mobikwik	Other