BHIM UPI allows you to send/receive money using unique identifiers called 'Virtual Payment Addresses (VPAs)/UPI ID' for e.g. Myname@Kotak . There is no need to carry your Debit or Credit Cards or remember details like bank account numbers or IFSC codes. No hassle of adding a beneficiary before transferring money to another person's UPI ID.
Create your Virtual Payment Address (VPA)
Link all your bank accounts
(part of UPI)
Set/Reset UPI PIN
Check transaction status
Raise a query
Just like a UPI ID, UPI number is an 8 or 9 or 10 Digit number that can be created by you so that anyone with ANY payment app can pay you by just entering this number. There will be no need to enter the handle (eg: number@abcd) of the payment app or banking app you have connected this UPI number with. This will increase your privacy on which payment or banking app you use. It will also make it convenient for the payer as they do not need to remember anything other than the number
When you create a UPI number on Kotak app the Kotak account becomes your default account to receive all payments, making it convenient for you to directly receive payments to your bank account and keep track of all your finances.
*Recommended: Create a 10 Digit UPI number - which has to be the same as your mobile number. This way, your payers need not trouble you for your payment details and can directly use your mobile number to pay from any app.
To create a UPI number on Kotak app, click on BHIM UPI section under Pay & Transfer menu, select manage UPI ID & click on create now.
Any 8 or 9 digit UPI Number that has been disabled/ deleted by a user will be kept under a cooling period of 6 months. After 6 months this number can be claimed by any other user. However, in case a 10 digit mobile number has been used to create the UPI number then, even if the user deletes it, no other user will be able to claim it.
Transactions using BHIM UPI are instant and are completed within seconds.