What is Upi (Unified Payment Interface)

What is UPI

Unified payment Interface Banking i.e. UPI Banking. UPI is Unique new and advance way of Payments services that has been developed by NPCI and RBI on IMPS platform. it simplify the process of online transaction and powers multiple bank accounts into a single mobile application. it will make peer to peer transactions super easy. Consumers can transfer  money instantly as it is based on IMPS platform having upper limit fixed on Rs. 1.00 lac. Transaction through UPI doesn’t require bank account number, IFSC Code of beneficiary it just require MMID which is unique for each account means suppose any customer is having several bank account in various banks then there will be different MMID for each bank account or either you have to create virtual payment address through which you can either send or receive payments instantly.

What is UPI.

UPI is actually a revolutionary movement towards making our country completely cashless and it also supports USSD means it can also work on GSM network. Anyone having a basic phone with NO Internet connections can also use UPI platform with help of USSD and can also perform Immediate money transfer through mobile device round the clock 24*7 and 365 days.

With help of USSD one can check account balance,mini transactions and can also perform transactions as stated above.

Below are the direct codes for banks:

* 99* 41#-State Bank of India

* 99* 42#- Punjab National Bank

* 99* 43#-HDFC Bank

* 99* 44#-ICICI Bank

* 99* 45#-AXIS Bank

* 99* 46#-Canara Bank

* 99* 47#- Bank Of India

* 99* 48#-Bank of Baroda

* 99* 49#-IDBI Bank

* 99* 50#-Union Bank of India

* 99* 51#-Central Bank of India

* 99* 52#-India Overseas Bank

* 99* 53#-Oriental Bank of Commerce

* 99* 54#-Allahabad Bank

* 99* 55#-Syndicate Bank

* 99* 56#-UCO Bank

* 99* 57#-Corporation Bank

* 99* 58#- Indian Bank

* 99* 59#-Andhra Bank

* 99* 60#- State Bank Of Hyderabad

* 99* 61#- Bank of Maharashtra

* 99* 62#- State Bank of Patiala

* 99* 63#- United Bank of India

* 99* 64#-Vijaya Bank

* 99* 65#-Dena Bank

* 99* 66#-Yes Bank

* 99* 67#-State Bank of Travancore

* 99* 68#-Kotak Mahindra Bank

* 99* 69#-IndusInd Bank

* 99* 70#- State Bank of Bikaner and Jaipur

* 99* 71#- Punjab and Sind Bank

* 99* 72#-Federal Bank

* 99* 73#-State Bank of Mysore

* 99* 74#-South Indian Bank

* 99* 75#-Karur Vysya Bank

* 99* 76#-Karnataka Bank

* 99* 77#-Tamilnad Mercantile Bank

* 99* 78#-DCB Bank

* 99* 79#- Ratnakar Bank

* 99* 80#-Nainital Bank

* 99* 81#-Janata Sahakari Bank

* 99* 82#-Mehsana Urban Co-Operative Bank

* 99* 83#-NKGSB Bank

* 99* 84#-Saraswat Bank

* 99* 85#-Apna Sahakari Bank

* 99* 86#-Bhartiya Mahila Bank

* 99* 87#- Abhyudaya Co-Operative Bank

* 99* 88#-Punjab & Maharashtra Co-operative Bank

* 99* 89#-Hasti Co-Operative Bank

* 99* 90#- Gujarat State Co-Operative Bank

* 99* 91#- Kalupur Commercial Co-Operative Bank.

Also, u can dial * 99* 99# to know your Aadhaar linking and Over Draft Status.

Source: [https://goo.gl/A3IV0s]