UPI

Overview

Puducherry Grama Bank has been onboarded to Unified Payment Interface (UPI) platform. UPI is a payment system which facilitates fund transfer between two bank accounts. Users can link their bank account to any UPI app available, to send or receive payments instantly and securely. It is simple, convenient, prompt and Free.

Features & Benefits

You can transfer money instantly, anytime

Safe & Secure, all transactions on UPI are authenticated by a 2 factor authentication. A Debit transaction can only be initiated through your VPA/ UPI ID on your device and it requires an MPIN to authenticate the transaction.

You can link any of your bank accounts

You can link multiple bank account to the single app.

The account number could be masked by Virtual Payment Address. No need to disclose the account number to the sender

Eligibility

Customers of PyGB can send/receive payments under UPI Scheme to/ from any destination Bank/ Branch which is registered with NPCI’s UPI System.

Requirements

Savings Bank a/c

Unique Mobile Number should be linked with bank a/c

Smart Phone with internet facility

Debit Card (ATM Card)

UPI Apps viz., BHIM, GPay, PhonePe, Paytm etc.

How it works?

UPI Transaction Send Money / Pay Request:

A Pay Request is a transaction where the initiating customer is pushing funds to the intended beneficiary. Payment Addresses include Mobile Number & MMID, Account Number & IFSC and Virtual ID

1. User logs in to UPI application

2. After successful login, user selects the option of Send Money/Payment

3. User enters beneficiary’s/Payee virtual id, amount and selects account to be debited

4. User gets confirmation screen to review the payment details and clicks on Confirm

5. User now enters UPI PIN

6. User gets successful or failure message

UPI Transaction Request Money / Collect Request:

A Collect Request is a transaction where the customer is pulling funds from the intended remitter by using Virtual ID.

1. User logs in to his bank’s UPI application

2. After successful login, user selects the option of collect money (request for payment)

3. User enters remitters/payers virtual id, amount and account to be credited

4. User gets confirmation screen to review the payment details and clicks on confirm

5. The payer will get the notification on his mobile for request money

6. Payer now clicks on the notification and opens his banks UPI app where he reviews payment request

7. Payer then decides to click on accept or decline

8. In case of accept payment, payer will enter UPI PIN to authorize the transaction

9. Transaction complete, payer gets successful or decline transaction notification

10. Payee/requester gets notification and SMS from bank for credit of his bank account.

Steps for Registration & UPI – PIN Generation/ Change

Registration:

User downloads the UPI application from the Play Store, App Store etc.

User creates his/her profile by entering details like name, virtual id (payment address), password etc.

User goes to “Add/Link/Manage Bank Account” option and links the bank and account number with the virtual id

Generating UPI – PIN:

User selects the bank account from which he/she wants to initiate the transaction

User clicks one of the options– “Puducherry Grama Bank”

User receives OTP from Our bank on his/her registered mobile number

User now enters last 6 digits of Debit card number and expiry date

User enters OTP and enters his preferred numeric UPI PIN(UPI PIN that he would like to set) and clicks on Submit

After clicking submit, customer gets notification (successful or decline)

Change UPI PIN:

User enters his old UPI PIN and preferred new UPI PIN (UPI PIN that he would like to set) and clicks on Submit

After clicking submit, customer gets notification (successful or failure)

Amount of Remittance

Upto 50,000/- per transaction

Upto 1,00,000/- per day

Timings

UPI operates 24/7, enabling users to make transactions at any time, including weekends and holidays.

Rates & Charges

NIL