What is UPI and how to use UPI Payment App?

 You must have heard the name of your UPI many times. Today, we are going to learn what is UPI and how to use UPI Payment App. After demonetisation in India, we all get to hear this word UPI again and again. In today's time, many people make digital payments, but most people still do not have much information about what is UPI and how to make UPI payment. Today we are going to tell you about this in detail.

Before demonetisation in India, there were very few people who used cashless payment. But when the Indian government discontinued the 1000 and 500 notes, then there were long lines in front of every bank in India. You must have also seen these long lines, so you can understand how many problems people must have faced to spend their own money and deposit it in the bank. 

This was the time when people adopted cashless payment and started using it and started knowing about what is UPI and how to use UPI Payment App. To make their cashless payment safe and easy, people started using apps. During this Paytm app emerged as the most used app which you can do online payment, offline payment, money transfer and bill payment etc.

In this way many apps were launched to do cashless transactions. In today's time, most people consider digital payment as a better option. Therefore, to make India digital and to promote digital payment, a new technology system was launched which was named UPI or UPI Payment.

What is UPI Payment?

The full form of UPI is Unified Payment Interface. Actually, UPI is a payment system technology. Which has made cashless payment very easy. UPI technology is the safest and easiest way to make cashless payments.

Reserve Bank of India (RBI) and Indian Bank Association (IBA) together formed NPCI i.e. National Payments Corporation of India which manages India's banking system. This has launched the UPI Payments system technology.

UPI is the latest technology. Using which you can send and receive money. Earlier one had to give bank name, bank account number, bank IFSC code and many more details to send money. But after coming to UPI, you do not need to give so many details, for this you just have to give your UPI id.

With UPI, you can do transactions up to one lakh rupees every day. The UPI payment system is designed keeping in mind the smartphone user. That's why you can use UPI payment from your phone itself.

As we told you UPI is a payment system technology. Which you get to see in many apps and can be seen in many more apps in the coming time. Because there are some rules of the UPI payment system, which can be used by following this technology.

How does UPI Payment System Work?

As we all know that in order to send and receive money, we have to take a lot of details from the person in front. Like bank name, bank account number, bank IFSC code etc. But to make payment from UPI, we only need its UPI id. Which is also called virtual payment address.

UPI ID is a unique ID which is different for every user. It is like a gmail address. Whoever has a UPI id can give money to him.

Its special thing is that if you send money to someone, it goes to him immediately. This payment system works throughout the year. Whether it is a festival or a government holiday, it works 365 days a year.

Whenever you use any UPI payment app, for that you have to first create UPI id. For this, you can use any UPI payment app present in the play store.

Benefits of using UPI payment app

→ This is a safe and fast way to make cashless payments

→ You do not have to pay any extra money on transferring money to it, whereas in other technology systems, you have to pay a charge.

→ On transferring money to it, it reaches the front immediately.

→It works every 365 days of the year.

→ To transfer money to it, only you need UPI id in front.

→ For this you can use any UPI Payment app.

→ You can use multiple accounts on the same upi app.

UPI payment system bank app list

IndusInd Bank

Axis Bank

Yes Bank PSP & Issuer

Canara Bank

Catholic Syrian Bank

DCB Bank

Federal Bank


Karnataka Bank

Punjab National Bank

South Indian Bank

United Bank of India

Vijaya Bank

Union Bank of India

UCO Bank

Oriental Bank of Commerce

TJSB Sahakari Bank

Bank of Maharashtra

Allahabad Bank


Standard Chartered Bank


RBL Bank

Central Bank of India

State Bank of India


Bank of Baroda

Kotak Mahindra Bank

Andhra Bank