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About Unified Payments Interface PIN (UPI PIN)
UPI PIN is short for Unified Payments Interface Personal Identification Number. It refers to a 4 or 6 digit unique number that users are required to set on registration with a UPI app. It is highly important to remember the set numbers and never disclose them to anyone. It is used to authorize all bank transactions.
The first step to UPI as a payment mode is to sign up for the service using mobile or net banking of your bank. After that, follow the steps below:
You will get a confirmation message on your phone on the successful generation of the UPI PIN. After this, you can start making payments directly from your phone.
For sending money using UPI PIN in a UPI application follow the steps below –
1. Log in to the UPI Application
2. Select the option ‘Send Money’ on the app.
3. Enter the UPI ID of the beneficiary or his phone number or simply scan a QR code in case of a merchant.
4. Type in the amount you want to send.
5. Lastly, confirm, enter the UPI PIN on the next screen and click submit to complete the transaction.
A notification will be sent to both the sender and the receiver on the UPI apps and also as an SMS on the registered mobile numbers.
RBI in collaboration with the National Payments Corporation of India (NPCI), has introduced UPI123Pay, which can be used even on feature phones as it is based on the USSD platform and does not require an internet connection. It can be accessed via the National USSD platform by using the code *99#. However, since this process is not really convenient to use, hence it continues to remain unpopular.
Using UPI123Pay, users can perform transactions using four different alternatives which include calling an IVR number, proximity sound-based services and also a missed call approach.
For the IVR number-based UPI payments, users are required to make a secured call using their phone to a predetermined number. Next, the user will need to complete the registration formalities to initiate transactions without the internet. Also, users can also choose their preferred language using the IVR option.
In a missed call based approach, a user is able to perform routine banking functions which include transferring and receiving funds, bill payments, regular purchases etc. Next, a merchant will create a token at the billing time using a customer’s phone number and the bill amount of the purchase. A customer is required to authenticate by receiving the incoming call and entering the UPI PIN.
Proximity sound-based payments utilize sound waves to facilitate offline, contactless payments on any device. A user taps on any phone to make a UPI payment to a merchant via a payment solution. For this, a user needs to call the IVR number and choose the Pay to Merchant option, later the user taps on the merchant device and presses # after a unique tone. The transaction is completed by entering the amount followed by entering the UPI PIN. The merchant will then acknowledge the transaction status and the user will receive confirmation via an IVR call.
The features of UPI can now be availed to all account holders with an AADHAR Card, even if they do not possess a debit card issued by a bank.
Users can now avail of the benefit of UPI by linking their Unique Identity Authority of India (UIDAI) number with the National Payments Corporation of India (NPCI) through their banks.
The Reserve Bank of India has also launched a scheme called UPI123Pay, which will offer payments through a feature phone without internet
1. Is UPI PIN and ATM PIN the same?
The UPI PIN is used to authenticate transactions on the UPI App and the ATM PIN or the MPIN is used to authenticate transactions while using the mobile banking app and the ATM card that is provided by the bank.
2. IS UPI 4 digit or 6 digit?
The UPI PIN can be a four-digit or a six-digit number that is used to authenticate transactions on the UPI application.
Airtel Bhim UPI
Allahabad Bank UPI
Andhra Bank UPI
Bank Of Baroda UPI
Bank Of India UPI
Canara Bank UPI
City Union Bank UPI
Customer Care Number UPI
Dbs Bank UPI
Federal Bank UPI
HDFC Bank Upi
HSBC Bank Upi
ICICI Bank Upi
IDFC First Bank Net Banking
Indian Bank UPI
IndusInd Bank UPI
Kotak Mahindra Bank UPI
Punjab National Bank UPI
Unified Payments Interface Id UPI
Unified Payments Interface Transaction Limit UPI
Union Bank Of India UPI
YES Bank Upi