What is UPI?
UPI (Unified Payments Interface) is a real-time payment system developed by the NPCI. It allows you to instantly transfer money between two bank accounts on a mobile platform, without needing to know the recipient's bank account number or IFSC code.
Key Features of UPI Service:
24/7 Availability: UPI transactions can be initiated at any time, including holidays and weekends.
Simple & Secure: You can send and receive money using a unique virtual payment address (VPA) or a mobile number linked to a bank account.
Real-Time Transactions: Payments are processed instantly.
Multiple Accounts: You can link multiple bank accounts to a single UPI app.
Seamless Payments: UPI can be used for various purposes, including:
How to Use UPI (General Steps):
Download a UPI-enabled app: This could be the bank's own mobile banking app (if it supports UPI) or a third-party UPI app like BHIM, Google Pay, PhonePe, or Paytm.
Link your bank account: Link your account with Sri Ganapathi Urban Co-Operative Bank Ltd. to the app using your mobile number registered with the bank.
Create your VPA: The app will help you create a unique Virtual Payment Address (VPA), such as yourname@sgucb. This VPA is your payment identity on UPI.
Set your UPI PIN: You will need to create a UPI PIN for secure transactions. This is a secret number you will use to authorize all payments.
Important Note: To get started with UPI from Sri Ganapathi Urban Co-Operative Bank Ltd., it's best to visit a branch, check their official website, or contact their customer care for the specific app and procedure they recommend.
