How is UPI different from IMPS or Net Banking
If someone is told the difference between these two, then all the upi will be told the best. You also know this.
If any of your friends suddenly need money. And you have to send money to that friend as soon as possible. Now you will open internet banking to send money to him. You will fill all his bank information. Such as his name, bank account number, IFSC code, branch name, under which name the account is opened, etc. needs to be filled. After which payment occurs. In which charge also has to be given. It takes you about 10 minutes.
If you talk about upi payment, with the help of this you can transfer money to his bank account in just 1 minute. Its specialty is that you do not have to pay any charge in it. All you have to do is get the UPI ID of the person in front. And you can send money immediately to that ID. In this, you do not need to add any type of benefit. Currently all pay with the help of upi.
Benefits of using UPI Payment
If what is the use of payment from upi? Talking about it is very beneficial. If you compare with imps, neft then upi is far ahead of them. Let's know the benefits of upi.
Upi takes less time than imps.
Being in digital form, it can be used at any time, even on holidays.
Transactions can be made from multiple bank accounts with one mobile application.
Upi uses the virtual payment address given by the bank while imps have to transfer funds using IFSC code and mobile number.
When you pay, it asks you a PIN number. That you have to put Because of this your account is safe.
You can also use upi in a phone without internet connection. For this, you have to dial * 99 #.
With the help of Bhim Upi, it is very convenient to pay electricity-water bills, pay to a shopkeeper, etc.
When you send money to it, you do not have to pay even a charge of 1 rupee. upi is completely free.
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