SBI UPI App

• Do you seek to make cashless payments at a PoS without the need to expose your debit/credit card details?
• Are you equally reluctant to share your bank details such as account number, IFSC code while making or receiving payment?
• Do you seek an alternative mode of instant cashless payment without the need to set aside some funds on a mobile wallet?
• Are you looking for a cashless fund transfer channel that is instant, safe, secure, economical and that can be accessed every time, everywhere?
• Are you the ' not so tech-savvy' kind in an increasingly digitised world and are seeking a simple, easy-to-understand process to execute cashless transactions?

Let us understand the nuances of creating a UPI Account.

• Smartphone
• Your account with a UPI-member bank. Most banks in India ( ~216 in number) are UPI member banks.
• Updated registered mobile number with the UPI member bank.
• Once you have these prerequisites in place, you need to download the UPI app on your smartphone. You can select from a variety of options such as BHIM, Gpay, PhonePe, Paytm, etc.
• After downloading this app, you then have to create your virtual ID akin to your unique identity which can be used for UPI-based transactions.
• Now you will receive an OTP on your registered mobile from the bank.
• Upon validation of your account, you can now create your Virtual Payment Address or VPA which is very similar to an email syntax.

• The app can be easily downloaded from Google Play Store or iOS App Store.
• It can also be accessed by non-SBI account holders with a precondition that at least one bank account and your mobile number has to be linked to that account. The debit card should also be linked to the bank account.
• Once you have registered with BHIM, you require MPIN to make a payment which can be generated by furnishing your debit card details.
• Just simply log in to the app and navigate to the management section.
• You need to select the account for which you want to set mPIN.
• Key in the last 6 numbers of your debit card and also its expiry date.
• An OTP would be sent to your registered mobile number.
• Lastly, key in the OTP details to create your mPIN**.To transfer funds with BHIM:**
• Begin with entering your 6-digit login password after logging into the app.
  • Navigate the home page to select the ‘payment’ section.
  • Now click on the account from which you would like to transact from the drop-down menu.
  • Next, type the VPA of the beneficiary, whose name will then show up for validation purposes.
  • You then type the amount and remarks and press 'pay'.
  • A new page opens up, wherein you type your mPIN.
  • Finally, a transaction will occur only if you have typed the correct mPIN.

To receive funds via BHIM:

• To begin with, login to the app home page and select the 'Collect' tab.
  • Now type the VPA of the sender using the MPIN and enter the amount and remarks.
  • Upon acceptance by the sender, you will receive a notification.

FAQs:

What is the main difference between UPI-based fund transfer and NEFT/RTGS mode?

Is it possible to connect my mobile wallet to BHIM?

What is the process to resolve any issue or query that I may face with this interface?

• In such a scenario, just simply log in to the app and navigate to the ‘My UPI Transactions’ heading.
  • Click on the ‘Raise Query’ tab and then select the type query and then key in the remark.
  • Upon verifying the details press Submit’.

Is it possible to transfer funds abroad through this interface?