STORY TELLING

PIN NO. :163133980712   NAME : Qais

USER QUOTES MEANING CONCLUSION

186941941714

Do I need to register  a beneficiary before  transferring funds  through UPI? What  details of beneficiary  will be required?

If I change my UPI  app will I be required  to register again or I  can carry the same  virtual address?

Is it necessary to add a beneficiary before  transferring funds? If  yes what details are  required?

Is the same virtual  address be used in  other UPI apps or  need to register  again?

No, registration of Beneficiary is not required for  transferring funds through UPI as the fund would be transferred on the basis of Virtual  ID/Account+IFSC/Aadhaar Number. (Please  check with your PSP and Issuing bank with regard to the services enabled on the App).

In case of change in UPI App, a person needs to  re-register and it needs to create a new VPA with the handle of the PSP.

221910309005

In case my mobile is  used by another  person, will there be  any security breach?

Can I link more than  one bank account to  the same virtual  address?

Is there any security if  mobile is lost or used  someone?

How many bank  account we can add to same virtual address?

In any transaction, the UPI pin would be required which needs to be fed through the mobile at the  time of any transaction making it safe and  secured.

Yes, several bank accounts can be linked to the  same virtual address depending on the  functionalities being made available by the  respective PSPs.

221910309006

Do I need to have a  bank account or this  can be linked to a  card or wallet?

Do money transfers  happen on UPI only  during banking  hours?

Is bank account  compulsory or this can be linked to wallet?

Does this UPI transfers work only in the bank  hours or anytime?

No, customer cannot link a wallet to UPI, only  bank accounts can be added.

All payments are instant and 24/7, regardless of  your bank's working hours.


STORY TELLING PIN NO . : 163133980712 NAME : Qais USER QUOTES MEANING CONCLUSION 186941941714 Do I need to register a beneficiary before transferring funds through UPI ? What details of beneficiary will be required ? If I change my UPI app will I be required to register again or I can carry the same virtual address ? Is it necessary to add a beneficiary before transferring funds ? If yes what details are required ? Is the same virtual address be used in other UPI apps or need to register again ? No , registration of Beneficiary is not required for transferring funds through UPI as the fund would be transferred on the basis of Virtual ID / Account+IFSC / Aadhaar Number . ( Please check with your PSP and Issuing bank with regard to the services enabled on the App ) . In case of change in UPI App , a person needs to re - register and it needs to create a new VPA with the handle of the PSP . 221910309005 In case my mobile is used by another person , will there be any security breach ? Can I link more than one bank account to the same virtual address ? Is there any security if mobile is lost or used someone ? How many bank account we can add to same virtual address ? In any transaction , the UPI pin would be required which needs to be fed through the mobile at the time of any transaction making it safe and secured . Yes , several bank accounts can be linked to the same virtual address depending on the functionalities being made available by the respective PSPs . 221910309006 Do I need to have a bank account or this can be linked to a card or wallet ? Do money transfers happen on UPI only during banking hours ? Is bank account compulsory or this can be linked to wallet ? Does this UPI transfers work only in the bank hours or anytime ? No , customer can not link a wallet to UPI , only bank accounts can be added . All payments are instant and 24/7 , regardless of your bank 's working hours .