What is UPI?

Updated 9 December 2025

Language: EN

Unified payment interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI). UPI allows the instant transfer of money between any two persons' bank accounts using a payment address which uniquely identifies a person's bank account. Note that UPI Mechanism is made mandatory for Retail & Shareholder Category Investors to invest in IPO's for bid value amounting to Rs 2 Lacs and below from July 01 2019.

What is UPI?

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What is UPI?

Related Questions

Who can apply for QIBs in IPO? WHAT is the rules and regulatin for QIBs ?

What do you mean by pre IPO placement? Is it worth to buy any script at the time of pre IPO placement and how will it benefit the customers ?

Can private limited company eligible to subscribe in non institutional category?