The Unified Payments Interface or UPI is a payment system launched in India some time back. It allows multiple bank savings accounts belonging to any participating bank to be controlled via a single mobile app.
Effective 1 April 2020, Andhra Bank has merged with Union Bank. For now, there are no changes in the Account Number and IFSC Code. For more information check out Union Bank Savings Account
In order to promote cashless transactions and move towards hassle-free payments or digital money and ultimately increase financial inclusion, the National Payments Corporation of India (NPCI) has launched the world's first unique payment system requiring just a single unique identifier to make transactions called Unified Payments Interface (UPI).
UPI facilitates a 'virtual address' as a payment identifier for sending and collecting money between any two parties without knowing the recipient's name, bank account number, or IFSC code.
Andhra Bank uses the BHIM App (Bharat Interface for Money) to facilitate its customers use of the UPI payment network. It is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). It allow users send or receive money to other UPI payment addresses or scanning QR code or account number with IFSC code or MMID (Mobile Money Identifier) Code.
It’s a mobile app using the BHIM UPI platform that lets you send and receive money, link multiple bank accounts, and make payments without sharing account details.
Download the app, verify your registered mobile number, create an app password, and set up your Virtual Payment Address (VPA) linked to your primary account.
Features include fund transfer via VPA, Aadhaar, or account & IFSC, scan and pay, QR code generation, instant payee addition, and transaction history.
You need a registered mobile number, an active debit card, and a smartphone (Android version 4.0 or above).
Use the “Forgot Password” option on the login page to reset the app password, or the “Change/Forget UPI PIN” option under Account Management.
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