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11th and 12th New Syllabus Practical Examination Special Guide 2019

Tez app - Google launch's which gives digital payment service in India on September 18| திங்கள் முதல் சேவைக்கு வருகின்றது கூகுளின் ‘தேஜ் ஆப்’!





How to download UPI App on your Mobile?
Unified Payment Interface (UPI) is a mobile payment system which allows you to do a various financial transaction on your smartphone.
One time application is downloaded, the customer needs to create a unique ID by add his bank account detail.
Then the customer can use, install the UPI easily. Just follow the below mentioned steps.
Bank customers can do a financial and non-financial transaction using UPI app.
Financial transactions include transferring funds to the intended beneficiary.
Non-financial transactions like this:
1. Mobile Banking Registration for only registered mobile numbers
2. Generate One Time Password (OTP)
3. Set or Change your PIN
4. Check the Transaction Status
5. Raise Dispute or Raise query

What are the different methods for transferring funds using UPI?

Individuals can use different type of methods to transfer funds using UPI such as:
## Transfer through Virtual ID
## Bank account Number + IFSC
## Your Mobile Number + MMID
## Aadhaar card Number
## Collect / Pull money basis Virtual ID
To install the same, customer should have an account with the bank that is registered with UPI for providing payment solutions.

 

Simple steps to download UPI App on your mobile

1. Download the UPI Apps of your bank from Google Play store.
2. Login and create virtual address
(Say for example Virtual ID can be 12345@ICICI)
3. Add your banking account detail
4. Generate Mobile PIN or mPIN for Mobile Banking
5. Individual will also have an option to link the Aadhaar number

Information like to Know
Individuals can link several bank accounts to the same virtual address. 
UPI provides for real time reversals for technical declines and amount would be transferred back to the payer account immediately 
In any transaction through UPI, PIN would be required which needs to be fed through the mobile at the time of any transaction making it safe and secured. 
A customer cannot link a wallet to UPI, only bank accounts can be added. In UPI, one can do up to 20 transactions for an amount of Rs.1 lakh per day.
This is to remember that UPI can be worked only on mobile with features of Apps download.

News Thanks to tamil.goodreturns.in
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