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What Is Upi? |
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Answer» An RBI regulated entity, National Payment Corporation of India (NPCI), has developed an instant payment system known as the Unified Payment Interface (UPI). UPI operates over IMPS infrastructure and allows instant transfer of money between any two bank accounts. In case you are registering with the SERVICE for the first time, you’ll need to create a 4 to 6-digit UPI Pin (Personal Identification NUMBER). You will have to enter the UPI PIN to perform all UPI transactions. UPI payment method allows fund transfer offline and online. Moreover, irrespective of the bank’s WORKING hours, an INDIVIDUAL can instantly transfer funds anytime. An RBI regulated entity, National Payment Corporation of India (NPCI), has developed an instant payment system known as the Unified Payment Interface (UPI). UPI operates over IMPS infrastructure and allows instant transfer of money between any two bank accounts. In case you are registering with the service for the first time, you’ll need to create a 4 to 6-digit UPI Pin (Personal Identification Number). You will have to enter the UPI PIN to perform all UPI transactions. UPI payment method allows fund transfer offline and online. Moreover, irrespective of the bank’s working hours, an individual can instantly transfer funds anytime. |
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