How to Use UPI

Ever since its launch in 2016, UPI has gained the trust of many banks. Some of them have integrated the payment system in their mobile apps and digital wallets while others have partnered with third-party apps for making and receiving payments.

Banks that offer the UPI payment facility have been listed here:

Some banks that offer UPI payments have their own apps or have partnered with third-party apps so that you transfer money to your family and friends using the secure UPI payment system. You can download these applications from the Play store or App store on your mobile device to start using them.

UPI-enabled banks and their respective UPI apps and e-wallets have been listed here:

Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI) is a payment system that makes it easy for users to transfer money. If you have been wondering about how to use UPI, the details about setting up your UPI account as well as sending and receiving payments have been discussed here:

Set up your UPI Account and Generate M-PIN:

Before you can make any transactions using UPI, you need to set up your account properly. Here are the steps you need to follow to set up your UPI account:

• Download and register on your bank’s UPI app by going to the Play Store for android devices and App Store for Apple devices.
• Set up a profile and register using your personal details such as your name, account number, email address, phone number, etc.
• Create a virtual id in the app. This will act as a shield to your personal information.
• Link your bank account to your virtual id.
• Generate a Mobile Banking Personal Identification Number (M-PIN) by following the steps mentioned here
  • Choose the bank account to generate the M-PIN for and request a One-Time Password (OTP). You will receive OTP on your registered mobile number.
  • Fill in the required details such as the last six digits of your debit card number along with the expiry date of your card.
  • Enter a 4-digit password to set as your M-PIN. You will be required to enter the OTP generated in the first step here.
  • You will receive the confirmation message after successfully setting up the M-Pin. If you receive the failure message, start with Step 1 again to get your M-PIN.

With your virtual id and M-PIN set up, you are now ready to use UPI to send and receive payments.

How to Use UPI to Send Payments:

You can use UPI to transfer money to someone else’s bank account, pay utility bills, or carry out merchant transactions. Here are the steps you need to follow to send payments using UPI:

• Log in to the UPI App of your bank
• Choose the option of “Send Payments”
• Enter the beneficiary’s virtual id and account number
• Confirm the details on the screen that pops up
• Enter the M-PIN
• Wait for the “Success” screen. If the payment failed for any reason, you will receive a “Payment Failed” message

How to Use UPI to Receive Payments:

You can easily use the UPI payment system to receive payments conveniently. Here are the steps you need to follow:

• Log in to your bank’s UPI app
• Choose the “Request Payment” option
• Enter the amount and virtual id of the payer
• Click to confirm. The payment notification is sent to the payer
• When the payer accepts the payment request, he completes the transaction using his/her M-PIN
• If the transaction is successful, you receive the money in your account. The payer also receives a notification when the payment is complete.