UPI - Services Available for Consumers

The government of Indian had introduced UPI (Unified Payments Interface) to make money transfers faster and easier without using cash. Today, UPI is one of the most popular ways to pay and receive money in India, whether you're buying groceries, paying bills, or splitting lunch with friends.

If you’re new to UPI or just want to understand how UPI works and want to know its cool features, this guide will explain all the primary services it offers.

What is UPI?

UPI is a payment system made by NPCI (National Payments Corporation of India). It allows you to link your bank account to UPI apps like Google Pay, PhonePe, Paytm, or BHIM, and use them. You can use your UPI apps to:

• Send or receive money.
• Check your balance online.
• Pay bills online.
• Shop online.
• Manage multiple bank accounts all in one app.

UPI Services

Check Your Bank Balance Anytime

With UPI apps, you can see how much money is in your bank account in just a few taps. It saves your time in visiting an ATM or bank branch to check your balance.

See Your Transaction History

UPI apps show your past payment transactions clearly, including the date, amount, and the parties involved.

Send Money Instantly

You can send money to anyone, anytime, in seconds using:

• Their UPI ID (VPA)
• Their bank account number and IFSC code
• Their mobile number

You can pay friends, family, shops, or even use it for online shopping.

Request Money from Others

When someone owes you money, you can send them a payment request through UPI. Just enter their UPI ID and amount, and they get a notification through which they can pay money to you right away.

Link Multiple Bank Accounts

If you have more than one bank account (with the same mobile number), you can link them all in the same app. You can choose which one to use when making a payment.

Set or Change Your UPI PIN

The UPI PIN is like your Debit card PIN. You’ll need it to make payments. You can easily set or change it in the app to keep your account safe.

Manage Your Bank Accounts

UPI apps show all your linked bank accounts in one place. You don’t need separate apps for each bank account.

Get Instant Alerts

Every time you send or receive money, the app sends you a notification. This keeps you updated and helps you spot any unauthorised activity.

How to Use UPI service?

You can start using UPI services by following the below steps:

Step 1: Download a UPI app (like BHIM, Google Pay, PhonePe, etc.).

Step 2: Register with your mobile number linked to your bank account.

Step 3: Link your bank account.

Step 4: Set your UPI PIN.

Step 5: Start using UPI to send and receive money.

Why Should You Use UPI?

Here’s why millions of Indians use UPI every day:

• Fast: Money transfers happen in seconds.
• Safe: No need to share sensitive details.
• Easy: Use just one app for all your accounts.
• Useful: Pay bills, shop, send or receive money anytime, anywhere.

UPI handles billions of transactions every month, and more than 500 million people in India already using it.

Conclusion

UPI has made digital payments simple for everyone, whether you are a student, shopkeeper, or working professional. With various features of UPI like instant payments, balance checks, and easy account management, UPI app is a must-have tool in today’s digital world.

Related UPI Articles:
1. UPI Transaction Charges 
2. Unified Payments Interface
3. Offline UPI Payment
4. How to Reverse Wrong UPI Transactions?
5. Fake UPI Payment