Banking News Mobile Banking

What is Unified Payment Interface ?

Reserve Bank of India have just launched a Unified Payments Interface (UPI), a Mobile Application enabled payment system for making transaction online to any bank 24X7 without using the account number.Customer of any bank may transact through UPI apps any transaction below Rs 1 lakh,  even something as low as Rs 10.  Unified payment Interface, UPI services are currently launched by State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC Read : How Does RBI Rate Cut Impact EMI of Loan ? How Does Unified payments Interface (UPI) system work ? National Payments Corporation of India (NPCI) who is the controlling authority for Mobile Based Unified Payments Interface has provided the Rupay Based platform for making transaction.  It will be as like the existing Visa and MasterCard transaction application which will allows different  banks to interconnect and transfer funds through Mobile Banking. In order to send or receive the money through Unified payments Interface (UPI) one need not to have  the account number or any MICR or IFSC code. Even Aadhar enable is also not required.  Money will be send using the unique virtual ID. The virtual ID could be anything varies as per the requirement of different banks. Click : Bank EMI Calculator – Compare Loan Installment The common process of sending money through UPI, Unified Payments System will be as like below. 1. […]

Mobile Banking

How To Activate SBI Missed Call Banking?

Activate SBI Missed Call Banking – Go through the below mentioned step for activating the SBI Miss call Banking. To Activate SBI Missed Call Banking enable the feature “SBI quick Service“. For registration, type”REGaccount” in message box and send it to “9223488888“. Message should be sent from the the registered number of the same account […]