What is UPI?
UPI (Unified Payments Interface) is a real-time payment system developed by National Payments Corporation of India (NPCI) where bank customers can fetch and place all their accounts maintained with different banks and facililitate instant money transfers between bank accounts through mobile devices. UPI allows you to transfer money between any two parties via smartphone through a payment identifier virtual address such as UPI ID, Mobile Number, QR CODE and/or Account number +IFSC. UPI operates 24/7, including on weekends and holidays.
Daily limit for MRB customers are Rs. 25,000/- per transaction and Rs. 1,00,000/- per day.