UPI ID Tips- Do you know how many UPI IDs can be created on one bank account, know the rules of RBI

By Jitendra Jangid- Friends, as we have discussed through many of our articles, in today's digital world, smartphones have become an important part of our lives, through which many of your tasks have become easier, in such a situation, if we talk about If given then Unified Payments Interface (UPIP)UPI) has revolutionized the way transactions are conducted, Which makes it possible to easily transfer money between individuals and merchants. But, Do you know how much from a single bank account UPI ID can be made? Let us know the answer to this question of yours-

UPI How does it work??

UPI to start using, You need to choose a bank that supports the system and Google Pay come on PhonePe As UPI-Must be set up in enabled mobile application. Once the app is set up, You can create a virtual payment address (VPA) Will create – this is your unique UPI ID Which identifies you for making and receiving payments.

how much from a bank account UPI ID can be made?

UPI A key feature is that you are linked to the same bank account. 4 UPI ID Can make. This flexibility gives you different options for different purposes. UPI ID allows to use, Like one for personal transactions and the other for business.

Many UPI ID why create?

• Personal transactions
• business or professional transactions
• Online Shopping or Merchant Payment
• each ID can be customized according to the service provider you are using, Giving you flexibility and control over your payments.