What is BHIM UPI ?

Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating interbank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. Unified Payments Interface is a real time interbank payment. Any UPI client app (Paytm, PhonePay etc) may be used (except BHIM) and multiple bank account may be linked to single app. Money can be sent or requested with following methods.

• Virtual Payment Address (VPA): Send or request money from/to bank account mapped using VPA.
• Mobile number: Send or request money from/to bank account mapped using mobile number.
• Account number&IFSC: Send money to bank account.
• QR code: Send money by QR code which has enclosed VPA, Account number and IFSC or Mobile number.

In this regard our Bank has implemented and introduced UPI.

The following points are to be noted:

NUUP & BHIM App is currently not supported due to regulatory constraints, however it will be introduced soon and will be intimated separately.

For the time being UCO Bank’s logo will appear beside our Bank’s Name, while searching our Bank in any UPI supported Apps. However it will be updated with the logo of PBGB shortly. For any Issues related to UPI, please contact PBGB HO DIT or write an email to [email protected]

• Remitter Transaction Per Transaction Limit: Rs. 50,000.00 (Rupees Fifty Thousand Only).
• Remitter Transaction Per Day Limit: Rs. 2,00,000.00 (Rupees Two Lacs Only).
• Remitter Transaction Per Month Limit: Rs. 20,00,000.00 (Rupees Twenty Lacs Only).