UPI Number: Simplifying Money Transfers in India
In today's digital world, convenience reigns supreme. This is especially true when it comes to managing your finances. Thankfully, India has a revolutionary system called UPI, or Unified Payments Interface, that makes sending and receiving money a breeze. But within UPI, there is another layer of ease - the UPI number. Let us delve into what a UPI number is and how it simplifies your financial transactions.
What is a UPI number?
Imagine having a unique phone number-like identifier for your UPI ID. That is exactly what a UPI number is! It is an 8, 9, or 10-digit numeric address linked to your UPI ID. This eliminates the need to remember complex alphanumeric UPI IDs (like yourname@bankname) when receiving money. Anyone can send you money using your UPI number, regardless of the UPI app they're using.
How to create a UPI ID?
Here is a quick rundown of how to create a UPI ID (a prerequisite for a UPI number):
- Download a UPI app of your choice (like Bajaj Finserv app or any other app)
- Link your bank account to the app
- During the linking process, you will be prompted to create a UPI ID. This will typically be your mobile number followed by the bank's identifier (e.g., 9876543210@xyzbank)
How to create a UPI number on the Bajaj Finserv app?
Once you have a UPI ID, creating a UPI number in the Bajaj Finserv app is straightforward:
- Log in to your Bajaj Finserv app.
- Navigate to the UPI section within the app.
- Look for the option to ‘CREATE UPI NUMBER’
- You can choose your 10-digit mobile number or a custom 8–9-digit number (subject to availability).
- Follow the on-screen instructions to verify and activate your UPI number.
The Bajaj Finserv BBPS platform simplifies the bill payment process by offering a comprehensive platform that includes UPI payments. With BBPS, you can make payments for various services such as electricity, water, gas, and insurance, among others, with ease and convenience. The platform ensures a secure and seamless payment experience, with the added benefit of UPI payments that allow for quick and easy transactions.
