WHAT IS UPI ACCOUNT PLATFORM?

What is full form of UPI ?
The full form of UPI is Unified Payment Interface .
What is full form of BHIM ?
The full form of BHIM is Bharat Interface for Money.
Who is create UPI?
 It is a platform created by NPCI in order to transfer funds online. When UPI was being created 19 banks were connected with it initially. However, the number of banks increased gradually. It is not a wallet. Hence money cannot be kept in BHIM.
Is UPI BANK Account?
 It is a platform which facilitates transfer of funds from one account to another immediately. For using UPI, a customer has to create a unique identity number which may be his phone number, email id, PAN or even Aadhar card number. In order to transfer fund, complete bank detail of the beneficiary will not be required.
How many limits transfer money from UPI?
 The money can be transferred using the unique ID. Through UPI an amount up to 2 lakh rupee can be transferred.


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