UPI – all you need to know; how to set up and transact (step-wise guide with pics)

Everyone is talking of UPI payments and how it changes everything in the world of digital payments. The UPI app transfers money from one bank account directly into other just like netbanking IMPS transfer, there is no need for 3rd part apps to hold the money anymore. For example, I could create one as myupi@ybl VPA is not case sensitive so MyUPI@ybl is same as myupi@ybl Step 4: Add a bank account It’s easy. If you have forgotten your bank MPIN, you can reset it from within the app: And that’s it, with your bank account linked and VPA created, you are set to send and receive payments now. You will be taken to a screen by NPCI within the UPI app, where you will need to enter MPIN of the bank account linked to that VPA.