UPI ID – Having a UPI ID is essential for digital payments. Whether you’re using Google Pay, Paytm, the BHIM app, or PhonePe, in addition to your phone number, you also need to link your Bank Account to make payments. Phone numbers linked to bank accounts are often used to represent bank accounts on these digital platforms.
You can create different UPI IDs if you have multiple bank accounts. But have you ever wondered how many UPI IDs you can create if you only have one? If not, let us answer this question and share some important information related to UPI.
When was UPI launched?
India has millions of users of UPI, which was launched by the National Payments Corporation of India (NPCI). Launched in 2016, UPI gained widespread recognition after demonetization. As many people embraced online payments, millions of users now use UPI.
What is UPI?
UPI is an online payment system launched by the NPCI. It’s an intermediated real-time payment system that allows multiple bank accounts to be linked to a digital payment phone app.
How many UPI IDs can be created on a single bank account?
You can create up to four UPI IDs with a single bank account. Furthermore, you can create multiple separate UPI IDs from a single bank account. You can also create more than four UPI IDs using the Google Pay app. Learn how many UPI IDs can be created using a single number through this video.
To create more than four UPI IDs, you’ll need to create a Virtual Payment Address (VPA) on your UPI app. A VPA is a separate address from your bank account. For example, a VPA on Google Pay would be @obbankname with your name, while a VPA with your phone number would be @ybl.
