UPI Android App
Dear users are you connected in any work where money
transactions are taking place day to day or frequently? If yes
then great news is received by Reserve Bank of India (RBI). According a latest advertisement Unified Payment Interface (UPI) app has launched for Online Banking system in India. Previous processes of online money transfer were NEFT, RTGS and IMPS. The UPI app was declared on Thursday i.e. 25th August two thousands sixteen. Now awaited person can get the highlights regarding UPI App for All Banks.
then great news is received by Reserve Bank of India (RBI). According a latest advertisement Unified Payment Interface (UPI) app has launched for Online Banking system in India. Previous processes of online money transfer were NEFT, RTGS and IMPS. The UPI app was declared on Thursday i.e. 25th August two thousands sixteen. Now awaited person can get the highlights regarding UPI App for All Banks.
In this article the team members of this portal is brought
to you RBI UPI App for All Banks which can be download now via Official Link by
following few points. In the beginning 21 Banks are taking part and soon all
others are planning to join soon with this app. All the aspects connected with
UPI Android App – RBI is available in broad way which guides you to download
and install app for making transactions easy using this app. Dear visitors you
need to know that for Unified Payment Interface there is is no single app for
all banks. Have a close look on this section before install UPI app.
UPI Unified Payment Interface Mobile App
Online money transfer system before the UPI app
was done either via NEFT,IMPS or RTGS. To understand clearly, let’s recognize
the differences
NEFT
|
NEFT transactions can be made during the bank hour and hourly batches
of transactions are made.
One must provide the Account number; IFSC Code and Bank address
details before proceeding. The credit process takes almost 1 hour
|
RTGS
|
RTGS takes place in real time. Minimum transaction amount is 2 lakhs.
The amount is credited within 30 minutes of the transaction.
|
IMPS
|
IMPS are instant. The sent amount is credited instantly. However, to
make use of IMPS, users must register and Get MMID from the bank branch.
Both parties must have MMID’s for successful transaction.
Maximum amount that can be sent using IMPS is Rs. 2 Lakhs.
|
How UPI (Unified
Payment Interface) is Different:
- Now the question arises, how UPI i.e. Unified Payment Interface is different from NEFT, IMPS and RTGS
- No need to type credit card details, IFSC codes, passwords etc
- No more wait for the beneficiary to be approved
- Bank Account details are not necessary
- Per transaction limit is Rs. 1 Lakh
- It works on the “unique id” system. This unique ID is called UPI -ID
- User only needs Smartphone and Mobile app to Send or receive money. (User should get registered first)
- This service will be available 24*7
- Transactions can be made to any users who have smart phone with UPI enabled app
How to RBI UPI App Download for All Banks via Official Link: Check
this process first-
- Users are advised to understand that there is no single app for UPI.
- Every bank has released separate app for UPI (Unified Payment Interface).
- It means that if you have accounts in two bank accounts, you need to download the bank specific UPI Apps.
- After come to know this proceed to install the app
How to Use UPI App to
Send or Receive Money
- UPI App Registration Process
- The most important step to take advantage of this facility is registrations. Here are the steps –
- User needs a Smartphone and should download Bank’s UPI App from Play Store
- Once the app is downloaded and installed successfully, you should open the app and click on registration option.
- During this one time registration process provide your Bank details and your mobile number
- Now, based on your information your Unique ID i.e. UPI-ID will be created
- Now this UPI-ID will be used to make transactions i.e. send or Receive Money.
Note:
- Please note that the other party must also possess the UPI-ID.
- If you have to send money just enter the UPI-ID of the person and send the money.
- If you are interested in receiving the money give your UPI-ID to the person sending you the money.
Advantages of the UPI
App: Have a close look-
- Instant Third Party Payments, No need to add beneficiary and wait till the approval
- This facility is available 24*7
- Now the Recharges, Transfers will be faster than before
- The process is totally Hassle free
- UPI App is Trustworthy and Highly Secure
Download UPI App from Google Play Store [Bank Wise]: Check
this out-
Name of the Bank
|
UPI App Download Link from Play Store
|
State Bank of India (SBI) UPI App
|
Not Available Yet
|
Punjab National Bank (PNB) UPI App
|
Download Now
|
Union Bank UPI App
|
Download Now
|
United Bank of India
|
Download Now
|
Vijaya Bank
|
Download Now
|
UCO Bank
|
Download Now
|
Andhra Bank
|
Download Now
|
ICICI Bank
|
Download Now
|
Canara Bank
|
Download Now
|
Bank of India
|
Not Available Yet
|
Bank of Baroda
|
Not Available Yet
|
South Indian Bank
|
Download Now
|
Karnataka Bank
|
Download Now
|
TJSB Sahakari Bank
|
Download Now
|
Catholic Syrian Bank
|
Download Now
|
Bank of Maharashtra
|
Download Now
|
DCB Bank
|
Download Now
|
Federal Bank
|
Download Now
|
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