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UPI Android App [Playstore Links] – RBI UPI App for SBI,PNB,Union Bank & Others

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Make instant and secure payments from any of your linked accounts with VPA process using Axis UPI app. No need to remember your bank account number & IFSC.

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UPI Android App [Playstore Links] – RBI UPI App for SBI,PNB,Union Bank & Others

  1. 1. UPI Android App [Playstore Links] – RBI UPI App for SBI,PNB,Union Bank & Others
  2. 2.  Unified Payment Interface is the latest advancement in the Online Banking system in India. Earlier methods of online money transfer were NEFT and IMPS. The UPI app launch was announced on Thursday i.e. 25th August 2016. Initially 21 Banks participated but now others are also joining. This article covers every details regarding the UPI App, guides you to download and install app and finally helps you to make transactions using this app. Download RBI UPI App for Android  Before downloading, please understand that there is no single app for UPI. Every bank has released separate app for UPI. It means that if you have accounts in two bank accounts, you need to download the bank specific UPI Apps.  If you want to skip to the Download, CLICK HERE OR you can continue reading more about the app
  3. 3. UPI App Download  The online money transfer system before the UPI app was done either via NEFT,IMPS or RTGS. To understand clearly, let’s understand 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.
  4. 4.  IMPS – IMPS is 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 app is Different  Now the question arises, how UPI i.e. Unified Payment Interface is different from NEFT, IMPS and RTGS
  5. 5.  No need to type credit card details, IFSC codes, passwords etc  No more wait for the beneficery to be approved  Bank Account details are not required  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 smartphone with UPI enabled app
  6. 6.  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  Note – To Download the App, CLICK HERE 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.
  7. 7. Benefits of the UPI App –  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  The UPI App is Trustworthy and Highly Secure  Download UPI App From Apple Store (iOS)  UPI Apps for iOS will be launched soon. We will keep you updated with direct link here. Stay Tuned ! Source: https://goo.gl/gD6Ogo
  8. 8. https://www.facebook.com/axisbank http://twitter.com/axisbank https://www.youtube.com/axisbank https://www.instagram.com/axis_bank/ https://www.linkedin.com/company- beta/162609?pathWildcard=162609 https://plus.google.com/+axisbank
  9. 9. https://play.google.com/store/apps/details?id=com.upi .axispay

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