DCB Bank UPI Facility

The Unified Payment Interface(UPI) offered by DCB Bank enables customers to make real-time transactions through a single platform operating on their mobile phones. A customer can link multiple accounts to the virtual payment address that he/she creates as an identifier on the app. Customers are not required to share sensitive information such as account numbers, IFSC code, etc. while making payments through the app. Using the application, customers can also receive funds from other users.

Key features and benefits of DCB Bank UPI:

The salient features and benefits of the DCB Bank UPI are listed below:

1. A customer can perform real-time fund transfer using the IMPS platform, on a 24x7 basis.
2. The service is available to users that hold accounts with DCB Bank. A customer of another bank can also use the app if the bank is live on UPI and the IMPS platform.
3. Customers are not required to share their confidential information such as bank account number, IFSC code, Aadhaar number, etc. while performing fund transfers, making it a secure money transfer option.
4. The following parameters are used to send and receive money using the app:
   1. A virtual payment ID that is similar to an email ID
   2. IFSC code and account number that will be protected
   3. Aadhaar number that is also not revealed
   4. The customer's mobile number registered to the service
   5. MMID
5. A customer can link more than one bank account to his/her virtual payment address on the application. This way, he/she can perform fund transfers from several savings accounts using the same mobile app.
6. The mobile banking MPIN of the customer is used by the app.
7. The transactions that are performed through the app are currently free of cost.
8. The maximum amount that can be transferred through DCB Bank UPI in a day is Rs. 1 lakh.