UPI Android App – RBI UPI App Download for All Banks via Play Store

UPI Android App

Here is published good news for you that Unified Payment Interface is new notice in the Online Banking system in
India. Earlier manners of online money transfer were National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). The UPI app had launched in August (Thursday). Candidates can grab details regarding UPI App for All Banks from here. Dear candidates may download UPI Android App by the help of thi web page.

21 (twenty one) Banks are participating in the starting and shortly all others will be joining soon. Below given information’s covers all info about UPI Android App – RBI, guides you to download and install UPI Android App and finally assists you to make transactions using this app. Before downloading, please careful that there is no single app for Unified Payment Interface.

Download RBI UPI App for Android 

Every bank has announced distinct app for Unified Payment Interface. It means that if candidates have accounts in 02 bank accounts, you are required to download the bank specific UPI Apps.

UPI Unified Payment Interface Mobile App – Full Details

Online money transfer system before the UPI app was done either through NEFT,IMPS or RTGS. To understand clearly, let’s recognize the differences
NEFT
NEFT transactions may be made during the bank hour and hourly batches of transactions are made.
One should give the Account number; IFSC Code and Bank address information’s before proceeding. The credit process takes almost 1 hour
RTGS
RTGS takes place in real time. Minimum transaction amount is two lakhs.
The amount is credited within 30 minutes of the transaction.
IMPS
IMPS are instant. The sent amount is credited instantly. However, to make use of IMPS, users must register and Get MMID from the bank branch.
Both parties must have MMID’s for successful transaction.
Maximum amount that can be sent using IMPS is Rs. 2 Lakhs.
 How UPI(Unified Payment Interface) is Different
  • Now the question arises, how UPI i.e. Unified Payment Interface is different from NEFT, IMPS and RTGS
  • Candidates are not required to type credit card info, IFSC codes, passwords etc
  • No more wait for the beneficiary to be approved.
  • Bank Account information’s are not essential
  • Dear candidates per transaction term is Rs. 1 Lakh
  • It works on the “unique id” system. This unique ID is called UPI -ID
  • Candidates only need Smartphone and Mobile app to Send or get money. (User must obtain registered first)
  • Dear applicants this service will be visible 24*7
  • Transactions may be made to any candidates who have smart phone with UPI enabled app

Way to Use UPI App to Send or Receive Money
UPI App Registration Process;
  • Very necessary step to get benefit of this facility is registrations. Here are the steps –
  • Candidates are required to a Smartphone and must download Bank’s UPI App from Play Store
  • Once the app is downloaded and installed successfully, candidates need to open the app and press on registration option.
  • During this one time registration procedure gives your Bank information’s and your mobile number
  • Now, based on your details your Unique ID i.e. UPI-ID will be created
  • After that, this UPI-ID will be used to make transactions i.e. send or Receive Money.
  • Note:
  • Dear candidates you should note that the other party must also possess the UPI-ID.
  • Dear applicants if you have to send money just enter the UPI-ID of the person and send the money.
  • Dear users if you are interested in receiving the money provide your UPI-ID to the person sending you the money.

Benefits of the UPI App:
  • Instant 3rd Party Payments, are not required to add beneficiary and wait till the approval
  • This facility is visible 24*7
  • Now the Recharges, Transfers will be faster than before
  • The procedure is completely Hassle free
  • UPI App is Trustworthy and Highly Secure

Note: Candidates can book mark this web page by using Ctrl +D to get latest details about UPI Android App.

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