1. FOR THE NEXT INDIA By: Joby Joseph Thoomkuzhy M.com . MBA
Assistant Professor
Research & PG Department of Commerce
Marian College Autonomous , Kuttikkanam

3. Unified Payments Interface (UPI)
Watch a Video: D:\Indian Bank digital village[1].3gp or

4. One touch person to person money transfer provided by National Payments Cooperation of India (NPCI)

5. Unified Payments Interface (UPI)
It is a system that powers multiple bank accounts into a single mobile merging several banking features.
A single app that links all your bank accounts.
Send money instantly . No need to remember A/c No – IFSC code *One click to send money just like sending a What's App message.
Approve billing requests on you’re your phone right away.

6. Important Features
Immediate money transfer through mobile device round the clock 24*7 and 365 days.
Single mobile application for accessing different bank accounts of the same bank and the different bank.
Single Click payment system.
Transfer money up to one lakh per day (Rs /-).
No need of details such as Card no, Account number,IFSC etc.
No commission or transaction fees.
Fund transfers can be done through channels like Aadhaar number, Virtual payment address (VPA), A/c transfer through IFSC and even through registered mobile no.
Merchant Payment with Single Application or In-App Payments.
Utility Bill Payments, Over the Counter Payments, Barcode (Scan and Pay) based payments.
Send- Pay –Gift-Shop using UPI.

7. 10 Major Banks which provides UPI
Sl.No
Bank Name
App Name 1
Axis Bank
Axis Pay 2
Bank of Baroda
Baroda MPay 3
Canara Bank
Canara Bank UPI - Empower 4
Catholic Syrian Bank
CSB UPI 5
HDFC Bank
HDFC Bank Mobile Banking 6
ICICI Bank
Pockets- ICICI Bank 7
South Indian Bank
SIB M-Pay (UPI Pay) 8
State Bank of India
SBI Pay 9
Union Bank of India
Union Bank UPI 10
Yes Bank
Yes Pay

8. Steps for Registration
Download and install the UPI application from the Google play store/ Banks website.
Creates a profile by entering details like name, virtual id and password .
Go to “Add/Link/Manage Bank Account” option to link the bank account number with the virtual id.
Generate M – PIN