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Introduction
Union Bank of India offers BHIM UPI facility to its account holders. The BHIM UPI feature allows the customers of Union Bank of India to carry out various money transfer transactions with a few simple clicks. The money transfer is instantaneous, saving time and energy to a lot of people.
Unified Payments Interface allows all holders of bank accounts (UPI banks) via a single Virtual Payment Address (VPA) ID and mobile portal to send and receive money without the need to keep track of any beneficiary data, or use the UPI to perform commercial transactions. It allows all Union Bank of India account holders to make payments instantly from any bank account, using only the Virtual Payment Address, without any need to know other specifics of the recipient.
In order to use UPI for your payments, you need to have a bank account in India with your mobile number linked to that bank account. UPI allows you to link multiple bank accounts to your single Union Bank of India UPI account. Some other popular apps that provide UPI payment are BHIM created by NPCI, and certain private companies such as Paytm, PhonePe, Google Pay, Amazon Pay, etc. Make sure you have your mobile number listed for authentication on your bank account.
About Union Bank Of India UPI
- What is UPI? How does it work?
- Union Bank of India UPI App
- What are the advantages of the Union Bank of India UPI App?
- How to register and start using the Union Bank of India UPI App?
- How to transfer money to a person using Union Bank of India UPI App?
- What is a ‘Collect Request’?
- How can I receive money using a Virtual Payment Address?
- How to make bill payments/mobile recharge through the Union Bank of India UPI App?
- Union Bank of India UPI FAQs
What is UPI? How does it work?
UPI stands for Unified Payment Interface (UPI). It enables money to be immediately transferred via a mobile phone from one bank account to another. Payments can only be rendered via supporting mobile phone apps. The cash transactions through UPI are available 24x7.
Unified Payments Interface (UPI) is a portal developed by the National Payments Corporation of India (NPCI) to facilitate interoperability between banks. This is a one-stop solution for using separate bank accounts to carry out transfers from a single app.
It allows all account holders to send and receive money through their smartphones with a single identifier – the Virtual Payment Address (VPA) commonly known as the UPI ID – without requiring any bank account information. Customers often do not need to know the IFSC code of the beneficiary or payer, bank account details, etc., and this allows the transaction to be quicker. So customers will make quicker transactions to their friends and merchants.
Union Bank of India UPI App
Union Bank of India UPI works on their Mobile Banking App, U-Mobile. They have a separate section for BHIM UPI to enable customers to use this facility.
Please note that this app is currently available for Android users only. It is available on the Google Play Store for free download.
What are the advantages of the Union Bank of India UPI App?
The Union Bank of India UPI App offers various time saving features and attractive offers to its users:
- Transfer and receive funds from one application from various banking accounts
- 24*7 & 365 days’ fund transfer at no cost
- Money transfers using VPA, IFSC account number and +MMID mobile number
- Check all your linked accounts for balances
- Use UPI as a payment option for retailers
- Perform transfer of funds in real time
- You no longer have to remember or share account details to send or receive money
How to register and start using the Union Bank of India UPI App?
First, you need to create your profile on the app
- Download the U-Mobile Union Bank of India Mobile Banking app from the Google Play Store
- If you have a dual sim phone, then the application will ask you to pick the sim that is registered with your bank.
- Application will send a message to authenticate the number (ensure sufficient balance in registered number) (ensure sufficient balance in registered number)
- Generate your profile upon successful authentication.
Next step is adding your bank account to your UPI account
- Go to Add Accounts option
- Choose the name of the bank from the list of banks authorized
- If the same mobile number is registered in the chosen bank, you will be able to access that bank account
- Pick the account you want to link to and create a Virtual ID for the account (which you can share with others to receive funds)
Last step is setting up your UPI PIN
- You need to set/register a pin for the selected account to use for UPI after linking the account.
- Go to Set m-pin and pick the account you want to set the pin to.
- Enter the OTP that you will receive on your phone.
- Enter the OTP and validate the PIN.
- Enter the last 6 digits of your debit card connected to the account and the expiry date.
- Upon successful verification, you will receive the "PIN Created successfully" message.
How to transfer money to a person using Union Bank of India UPI App?
Follow these simple steps to transfer money:
- Click the Pay button on the app and pay using VPA.
- Enter details of the VPA payee, number & comments (optional).
- Select the bank account you want to send money from.
- Enter the UPI PIN and the transaction is done
- Both the beneficiary and sender receive an SMS to confirm the transaction
- You can check the transaction status through the "Txn Status" menu.
What is a ‘Collect Request’?
Request collection is to collect money from you as a bill payment or fund transfer. Keep in mind that money is charged / debited from your account if you accept a collect request. Never approve/authorize an unknown person's application for 'collection.'
How do I respond to a Collect Request that has been sent to me?
- You'll get a message when someone sends a request to you to collect money.
- Click on the notification or login to your Union Bank of India UPI App.
- Click on the ‘Collect Request’ from the notification tab.
- Click the Approve/Reject button as per your wish.
- Enter the UPI PIN to accept the transaction. Money will be debited from your account and sent to the beneficiary's account immediately.
How can I receive money using a Virtual Payment Address?
- Login to your Union Bank of India UPI App
- Select the 'Collect' option.
- Enter the Payer/Sender Virtual Address
- Enter the additional information needed
- A Collect request will be sent as an SMS and notification to the payer.
- Once the Payer accepts your Collect request, the money will be credited to your preferred account.
How to make bill payments/mobile recharge through the Union Bank of India UPI App?
- Login to the Union Bank of India UPI App using your login PIN
- Once you have logged in, you will see various options at the lower portion of the home screen like Recharge, Food, Bill Payment, Local Offers, DTH, etc.
- Click on the required service, enter your bill details and proceed to do the shopping or payments directly from your bank account.
Transaction limit on Union Bank of India UPI
- For Union Bank of India UPI, the limitations of the transactions will be determined in compliance with the regulation of the bank.
- Banks can adjust UPI transaction limits under the upper limits of the National Payments Corporation of India (NPCI) as per the policy of the bank.
- The upper limit mandated by NPCI is Rs. 1 lakh per transaction and Rs. 1 lakh total value of the transaction.
- A limit of 10 transactions can be initiated within 24 hours of the first transaction.
How to make online payments to merchants using Union Bank of India UPI?
Union Bank of India UPI allows you to make payments for your online purchases. It is very simple and similar to your credit or debit card payments.
- Add the items you want to purchase on the shopping sites cart
- Go to the payments page
- Choose UPI as your payment option
- Here you enter your Union Bank of India UPI’s VPA ID (XYZ@UPI)
- You will now receive a collection request on your Union Bank of India UPI App
- You open the app and authorize the transaction by entering the UPI PIN
- The amount is debited and the payment for your shopping is completed
Are there any charges for using the Union Bank of India UPI?
No, there are no charges to use the Union Bank of India UPI. Currently, no fees are charged for Union Bank of India UPI transactions. Charges shall be subject to revision from time to time. Any update in this matter will be reported on the Bank's website. You can see any available Discounts and deals from different merchant partners on the screen after login.
Union Bank of India UPI FAQs
1. How do I change my default account on the Union Bank of India UPI App?
Login to your Union Bank of India UPI App. Go to the Accounts section in the main menu. Pick the relevant account from the available linked accounts. Click the Set 'As Default Account' button to set the selected account to the default account. This account will be referred to as the "Primary Account"
2. What happens if the transfer transaction fails or is transferred to an incorrect account?
You need to carefully check all the details of the beneficiary before making any transactions. In the event that such an error occurs, you can file a complaint from the application itself via the complaint section. In the event of a failed transaction, the balance will be refunded directly to the account within 7 working days.
3. What happens if my phone is lost or stolen?
If you lose your phone, the UPI PIN needed to approve all transactions would not be known to a third party and will therefore not be able to use the Bharat Interface for Money. In addition, you have to contact the customer service department at your bank to make sure that your account is not misused.
4. What is an UPI Mandate?
UPI Mandate is a feature that allows you to pre-authorize (Mandate) transactions to be debited from your bank account later. The mandate of the UPI is to be used in situations where money is to be transferred later, but the commitment to that is to be made now. It is likely that the sender will forget to send money later in order to establish a mandate or to make a service/merchant payment where this feature may be necessary. The account of the consumer shall be debited when the mandate is fulfilled.
5. Why am I able to see the account of my family members (my father's and my wife's accounts) while I'm attempting to add accounts to the Union Bank of India UPI?
UPI gathers the account data on the basis of the telephone number updated on bank accounts. If your mobile number is updated with your wife/mothers account, the Union Bank of India UPI App will show and allow you to connect all such accounts. You will only be able to pay via these accounts if you have a Debit card and its expiry date to set the UPI PIN for that card.
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