Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
UPI is a real-time payment system that allows instant fund transfers between bank accounts using a mobile app and a virtual payment address, without needing account or IFSC details.
The instant mobile payment system used for everyday transfers via apps like PhonePe or Google Pay.
Built on the IMPS infrastructure by NPCI; supports peer-to-peer and merchant payments, QR codes, and recurring mandates, with per-transaction and daily limits set by banks and NPCI.
Scanning a shop’s QR code and paying ₹500 instantly from a bank account is a typical UPI transaction.
The instant mobile payment system used for everyday transfers via apps like PhonePe or Google Pay.
UPI (Unified Payments Interface) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.