There are four total ways in which you can transfer money using UPI. In this section, we will explore all those ways and even give you some additional information about UPI transfers!
How to transfer money with UPI
Here are the four methods that you can use to transfer money using UPI:
(Keep in mind that these methods are available to use no matter which UPI enabled app you are using!)
1. Transfer using Bank Account Details
One simple way of transferring money is to input the receiver's bank account details. The required information includes the bank account holder's name, account number, IFSC code, as well as the amount you wish to transfer.
Once all the details are stored, you can simply transfer the money without having to input the information, again and again, every time!
2. Transfer using VPA
The VPA or Virtual Payment Address is a unique UPI ID that is created for each user, no matter which UPI app they are using. This unique ID can be used to request money from someone or send money to someone.
Enter the receiver's VPA or UPI ID and simply enter the amount of money you need to transfer. Click on Send and you're done!
3. Transfer using Mobile Number
This method only works when transferring money to a UPI user who has registered their mobile number with their UPI ID. Inputting this registered phone number will allow you to transfer the money to that specific UPI ID.
You can enter the registered mobile number and transfer money in just a few simple clicks!
4. Transfer using QR Code
This method of transferring money with UPI requires you to use your UPI app and scan the receiver's unique QR Code. Once the QR Code has been scanned, you can send any amount of money to the receiver.
Simply enter the amount you wish to transfer and click on Send. The receiver will get the amount within seconds!