What Is Meant By Vpa Remarks

Vpa can be formed through your mobile number your email address or even your name.

What is meant by vpa remarks. Upi enables all bank account holders to instantaneously transfer funds across different banks using mobile phones. A virtual payment address vpa is an identifier that can be uniquely mapped to an individual account. After the vpa has been linked with a bank account payment can be made using the pay with vpa option.

Vpa is basically the only details needed to carry out transactions. With upi fund transfers can be initiated without ifsc code or bank account number. Vpa is a unique identity provided to every account holder for making and receiving payments it stands for virtual payment address.

Unified payment interface upi services offer customers the option to create any number of. This means while using upi transaction methods a user does not require bank details such as account number ifsc code or others you can simply give your vpa or popularly known as the upi id for any type of transaction. Vpa is a unique identifier that is mapped with an individual bank account.

Upi enables bank account holders of banks participating in upi to send and receive money using a virtual payment address vpa without entering additional bank information. Unified payment interface upi services offer customers the option to create any number of vpas for making and receiving payments. A virtual payment address is an identifier that can be uniquely mapped to an individual account.

A virtual payment address is an identifier that can be uniquely mapped to an individual account. To pay any person using the vpa enter the beneficiary s vpa amount and remarks and then authorise the transaction to start the fund transfer.