Here's How You Can Find Your UPI ID On Popular Payment Apps
What Is UPI ID?
UPI ID, full form Unified Payments Interface Identification, is a unique identifier that allows for the easy sending and receiving of payments within India's UPI (Unified Payments Interface) system. Developed by the National Payments Corporation of India (NPCI), UPI facilitates instant money transfer between bank accounts via a mobile platform. A UPI ID, also called a Virtual Payment Address (VPA), essentially acts like an email address for your money.
Key Benefits Of UPI ID
- Simplicity: A UPI ID can be as simple as your phone number or name followed by the handle of your UPI service provider. UPI ID examples include phonenumber@upi, yourname@sbi, 9812345678@apl, etc.
- Security: Using a UPI ID to make transactions means you do not have to share your bank account details or other sensitive financial information.
- Versatility: UPI IDs can be used to pay utility bills, make in-store payments, pay for online shopping, or even make donations.
- Instant Transfers: Payments through UPI are instant and can be done 24/7, including weekends and holidays.
- Multiple Bank Accounts: A single UPI app can link multiple bank accounts, so you can manage all your transfers and balances from a single interface.
- No Need For Bank Details: Only the recipient's UPI ID is necessary to make a payment. There is no need to enter lengthy account numbers or IFSC codes.
How It Works
- Set-Up: To use UPI, you must first create a UPI ID linked to your bank account. This is typically done through your bank’s mobile app or any third-party app supporting UPI, like Google Pay, PhonePe, Paytm, etc.
- Make A Transaction: You need the recipient's UPI ID to send money. Enter the ID, the amount, and a description for the transaction (if required), and submit.
- Authentication: Authenticate the transaction using a PIN (Personal Identification Number) created when setting up your UPI account.
How To Find UPI ID In Some Of The Most Popular Apps
1. Google Pay
To find your UPI ID on GPay, follow these steps:
- Open the Google Pay app
- In the top right corner, tap on your profile picture
- Click on “Bank accounts”
- Tap the bank account whose UPI ID you want to view
- You will find all Google Pay UPI IDs associated with that bank account under “UPI IDs”
2. Phone Pe
- Open the PhonePe app
- In the top left corner, tap on your profile picture
- Click “MY BHIM UPI ID,” and you will find your unique ID. It will be your phonenumber@ybl
3. Paytm
- Open the Paytm app
- Click on the “UPI ID” section just below the ad.
- You will find your UPI ID and QR code in the first section of the page. The UPI ID will be your phonenumber@paytm (as mentioned above)
4. BHIM
- Open the BHIM app
- Click on “Profile” on the homepage
- You will find the UPI. It will be your registeredmobilenumber@upi
5. Mobikwik
- Open the Mobikwik app
- Tap the bank account whose UPI ID you want to view at the top right corner
- The ID will yourmobilenumber@ikwik
Conclusion
UPI has revolutionised the digital payments landscape in India by making it easy, quick, and safe to transfer money electronically between parties. This system supports peer-to-peer (P2P) and peer-to-merchant (P2M) transactions, significantly enhancing the ease of conducting financial transactions for everyday needs.
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