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Introduction

Andhra Bank is one of the leading public sector banks in India and was recently merged with Union Bank and Corporation Bank. The resultant bank is one among the top five public sector banks of the country. The digital banking services of Andhra Bank include mobile banking, internet banking and an UPI platform.

UPI is a payment gateway, using which customers can transfer funds without the need of the traditional route. This helps the customer to access the funds immediately on a real time basis. The details of the UPI application of Andhra Bank are mentioned below.

What is UPI? How does it work?

Andhra Bank Upi

UPI stands for Unified Payments Interface. It is a payment portal that is unique for India and is introduced by the National Payments Corporation of India (NPCI). It is regulated by the Reserve Bank of India. UPI enables the customer to operate multiple bank accounts through a single payments portal. Customers get a virtual payment address which can be used to make payments and receive funds through the UPI gateway. Customers do not have to provide their banking details for access to this payments portal and hence do not have to face any threat of theft or loss of identity or funds.

UPI was initiated as a way to achieve the goal of driving India to a cashless economy. Customers can either use the VPA (Virtual Payments Address) or the QR Scan Code or the account number with the IFSC Code.

How to register for Andhra Bank UPI?

The registration process of Andhra Bank UPI is extremely simple and basic. It can be done easily through the mobile application of Andhra Bank. The detailed registration process for Andhra Bank UPI is mentioned below.

  • The first step is to download the mobile application of Andhra Bank from the Google Playstore or the Apple Store as the case may be.
  • After downloading the same, customer will be asked to register with the application by providing the registered mobile number that is associated with the existing bank account held with Andhra Bank
  • The customer will have to authenticate the opening of the mobile banking account through an OTP sent on the registered mobile number.
  • Next step is to select the UPI feature of the application and proceed by selecting a username.
  • After selecting a username, the customer will have to provide a 6 digit UPI PIN that can be used to authenticate all the UPI transactions and validate any transfer or receipt of funds.
  • Customers will have to re-enter the above PIN once more for confirmation of the same.
  • After successfully completing the process of registering for a UPI address, customers will get their virtual ID created in the format ‘xxxxx@andb’.

Requirements for Andhra Bank UPI ID

There are certain pre-conditions that are required to be met by the customers to be eligible for getting an Andhra Bank UPI ID.

Given below are the prerequisites for the Andhra Bank UPI Id.

  • The foremost requirement for getting an Andhra Bank UPI Id is a registered mobile number.
  • The next step is to have a valid Debit Card or an ATM Card which is required to activate the account.
  • Customers also need a smartphone to access the UPI account.

Features of Andhra Bank UPI

Andhra Bank UPI has many features and benefits that make it a very convenient and attractive option for the customers. Following are the various features of the UPI application of Andhra Bank.

  • UPI can help customers link multiple accounts to one virtual id and thus manage multiple accounts
  • Customers can transfer funds easily through the UPI application without the prior necessity to register the payee.
  • Funds can be transferred immediately through UPI in real time as against the traditional modes of funds transfer like NEFT/RTGS.
  • UPI also has the feature of Scan and Pay which enables the customers to make payments by simply scanning the QR code which is unique to each UPI account.
  • Customers can get a detailed history of their transaction for any period selected by them and can thus keep track of their expenses or funds transfer easily.
  • In case of any query or issue regarding the use of UPI or any related transaction, customers can immediately raise a query regarding the same and get prompt solutions.
  • If a customer forgets their UPI PIN they can reset it immediately by simply providing the registered mobile number and then the OTP sent on such mobile number to verify and authenticate such request.
  • Andhra Bank UPI lets customers make utility payments instantly as well and thus reduces the hassles faced by the customers in traditional ways of making such payments.
  • Customers can also easily check the balance of their account through the UPI application.
  • Andhra Bank UPI works on the basis of single-click2-factor authentication.

Benefits of Andhra Bank UPI

The benefits of Andhra Bank UPI are multiple and are mentioned below.

  • Customers can use this application for making payments to accounts held within the bank or any other bank.
  • Andhra Bank UPI can also be used to make payments to merchants that have activated UPI address to receive payments or even use it for online shopping, utility payments, etc.
  • UPI does not require any card to gain access for funds transfer and can also be done instantly thereby eventually reducing the dependency on cash or credit transactions.
  • UPI is a highly secured portal and hence customers do not need to worry about any identity theft or loss or theft of funds while transferring or receiving such funds.
  • Cost of using UPI for funds transfer is cheaper when compared to other similar transaction modes.
  • Customers can use any of the details like Aadhaar card, Account Number, IFSC Code or Virtual address of the beneficiary to send or transfer funds through UPI.

Andhra Bank UPI Transaction Limit

Like any other UPI portal, Andhra Bank also has several limits on the value or quantum of UPI transactions. The limits for Andhra Bank UPI Transactions are tabled below.

Particulars

Limit

Maximum number of transactions per day

20

Maximum value of transactions per transaction

Rs. 1,00,000

Maximum value of transactions per day

Rs. 2,00,000

How to send or receive payments through Andhra Bank UPI?

The main feature of UPI is to send or receive funds instantly and easily. Customers can transfer funds to any account having virtual payment address or through the account number or IFSC code as the case may be. Funds transfer through UPI is very convenient and secure which makes it the preferred option. It has a huge impact in the positive direction for the cashless economy vision of the Government of India.

The process of sending or receiving funds through UPI is mentioned below.

  • The first step as usual is downloading the UPI application and duly registering with the same.
  • After successful registration, customers will have to generate the UPI id by providing a user name and a corresponding 6 digit PIN that will be used to authenticate the funds transfer request.
  • For initiating a funds transfer, customers will have to first open the application and select the option for sending money or receiving money respectively.
  • The next step is to enter the payee details like their VPA, IFSC Code or account number as well as the amount to be paid.
  • Alternatively, customers can scan the QR Code of the payee to make instant payment.
  • Customers will then have to enter the 6 digit UPI PIN to validate or authenticate the payment request.
  • After successful payment of the funds through UPI, customers will get a notification for the same and details of the transaction like the transaction ID, amount transferred, etc.
  • For receiving payment from a payer, customers will have to enter the UPI PIN again to validate the request initiated.
  • Upon verification of the UPI PIN, funds will be successfully received in the UPI account of the customer instantly on a real time basis.

How to reset Andhra Bank UPI PIN?

UPI Pin is an extremely important part of the UPI account and has to be kept secure to avoid any unnecessary hassles like loss or theft of funds or fraud. In case a customer forgets the UPI PIN, it can be easily reset within minutes through very simple steps. Following is the procedure for the same.

  • Customers have to enter the username at the login page and then click on ‘Forgot Password’
  • This will take the customers to a new page where they will be required to select the option ‘Forgot UPI PIN’ which is available under the Account Management option of the account selected.
  • Next step is to enter a new 6 digit UPI and then re-enter the same to confirm it.
  • After this, customers will get a message or notification informing them of the successful change of the UPI PIN.

Customers also have the option to change UPI PIN on a regular basis even if they remember the same. Such facility is available at zero additional charges and can be done multiple times without any upper limit to such resetting of the UPI PIN.

FAQs – Andhra Bank UPI

1. How to find details of my transaction history through the Andhra Bank UPI?

Yes. Customers can get information or history of all the transactions of Andhra Bank UPI. For this, they will have to select the date range for such history of transactions. Andhra Bank UPI will provide a detailed list of transactions within such date range including the status of each transaction and the transaction id, amount, date, time, payee or payer details, etc.

2. What is the maximum number of transactions allowed per customer per day using Andhra Bank UPI?

Andhra Bank allows a maximum of 20 transactions per customer per day.

3. Are funds transferred through UPI faster than funds transferred through NEFT or RTGS modes?

Yes. Funds transfer through UPI occurs in real time and hence is faster as compared to NEFT or RTGS modes.

4. Is having a bank account mandatory to have a UPI account or can a person link their card or e-wallet to register a new UPI account?

UPI account can only be linked to an existing bank account. Hence, having a bank account is a prerequisite along with many other preconditions like a registered mobile number, debit card or ATM card, etc. without an existing bank account, UPIU registration is not possible even though the customer may have a valid card or e-wallet. Thus, having a bank account is mandatory for a valid UPI account.

5. Can I change my UPI Pin multiple times?

Yes. UPI PIN of Andhra Bank UPI can be easily changed multiple times or even in case customer does not remember the UPI PIN.

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