Unified Payment Interface" (UPI) enables all bank account holders (of banks participating in UPI) to send and receive money from their smartphones with a single identifier (the virtual payments address) – without entering any additional bank account information. UPI can also be used to pay merchants who accept UPI as a payment mode
Indus Pay is the UPI App of IndusInd bank which allows customers to send and receive funds and make payments to merchants using UPI
Virtual payment Address is an identifier (For e.g. abc@indus where”abc” is the unique name chosen by you) which can be uniquely mapped to any desired account of any UPI enabled bank
Following are the steps to register for Indus Pay
The account number can be linked with VPA during registration or from Account management option within the App. You simply need to select the desired bank and all your accounts linked to the IndusPay registered mobile number will be fetched and displayed along with IFSC code. You can select the account and link the same to your VPA
Yes, you can. Choose your existing VPA while linking your second bank account. If you link more than 1 account to a VPA, you can set a default account to send and default account to receive money.
You can change default account by selecting the set preferred account option on the App
Please note a separate UPI PIN will be set for each linked account
Following options are available to send money using IndusPay
Following are the steps to send money using VPA on IndusPay
Following are the steps to receive money using VPA on IndusPay
You can visit the pending approvals section and approve or reject the receive money requests sent to you. On approval you will have to enter the UPI PIN. This will debit your default account linked to VPA and credit payee account who sent you the receive money request
Transaction status can be checked using the transaction history option on the app
Yes, the beneficiary needs to download a PSP app and register for a VPA. They need to communicate this VPA to you to initiate a transaction
You need the VPA of the beneficiary or the remitter. You don’t need any other details to initiate a transaction.
Currently, the per-transaction cap is INR 100,000. This may change from time to time and is subject to the UPI guidelines. There may be some additional overall daily limit put in on the app