What is UPI ID? How to Find, Use, and Create UPI ID?

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What is UPI ID and how to find it

You must have heard about UPI ID a lot of times. But do you exactly know what a UPI ID is? Have you ever wondered how UPI payment apps function and what enables them to act as third parties in transactions? The answer is simple—with the use of a UPI ID. The process of UPI ID is simple yet efficient, and it does not need to be hectic, which includes getting the bank account number, the name, IFSC code, the other details such as PAN card. However, you can transfer the money to another person from a single UPI ID. That UPI ID becomes the person’s identity for all financial transactions such as payments or transfers.

UPI ID can also be used to pay bills such as electricity bills, utility bills, water bills, book tickets, shop and a lot more. It saves time and helps businesses provide a better customer service experience. Businesses can efficiently provide a better payment experience to the customer and target a larger consumer reach by having UPI-based payments as one of the online payment options.

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There are myriad benefits to a UPI ID-based payment, but many do not understand or know the mechanism behind it. It would therefore be logical to first understand “What is the meaning of a UPI ID?”

Content Index:

What is UPI ID?

UPI means Unified Payment Interface, which is the brainchild of the National Payments Corporation of India, launched in 2016 by Raghuram G. Rajan (RBI governor). The full form of UPI ID is Unified Payment Interface Identity. Every user has a unique UPI ID. UPI facilitates immediate money transfers through mobile devices round-the-clock 24*7 and 365 days. A single mobile application can be used to transfer money from different bank accounts directly. Initially, only 21 banks were a part of the single window mobile payment system, which was launched as an app.

UPI enabled mobile applications
UPI enabled mobile applications


The idea of having a UPI in India was considered by the RBI first time in 2009 when they formed a National Payments Corporation of India. Its sole purpose was to digitise the payment process in the country. Then in 2012, NPCI, under the guidance and approval of RBI, announced to the world to come up with a seamless, safe, and authorised unique system that would change the overall process of monetary transactions in 4 years.

After successful research and trials, in 2016, the UPI was launched. It also aims to contribute to the Green Initiative, wherein the use of currency in the form of paper will decline, ultimately helping overall in the global environment.

How to create a UPI ID? 

  1. Download a UPI enabled bank app or third party app
  2. Select language and add a mobile number
  3. Select bank account number
  4. Create a UPI ID or VPA (Virtual Payment Address)
  5. Link your bank account with the UPI ID
  6. Set the MPIN to validate transactions
  7. That’s it

How to find a UPI ID?

You can find UPI ID in the profile section of the UPI app, where UPI is usually mentioned below the name and the identity. You can use UPI ID to receive payments, merchant transactions, and pay bills and much more. Finding UPI ID through Google Pay App – 

  1. Open your Google Pay app
  2. In the top right, tap your photo.
  3. Tap on the ‘Bank account’.
  4. Tap the bank account whose UPI ID you want to find.
  5. Find the linked UPI ID under “UPI IDs”.

How to change the UPI ID?

Let’s see how you can change the UPI ID in Google Pay app

  1. Open your Google Pay app
  2. Tap on your photo on the top right
  3. Tap payment methods
  4. Tap on bank account whose UPI ID you want to check and edit.
  5. Tap on the UPI ID linked with the bank account you’ll be using
  6. Tap ‘+’ next to the UPI ID you want

How to use UPI ID?

Here are the steps to use the UPI ID in case of offline transactions with UPI enabled bank app – 

  • Log in to the bank’s UPI-enabled mobile application
  • Go to the UPI section
  • Tap on Make Payment/Send/Pay
  • Enter the UPI ID / VPA or scan the UPI QR code
  • Writer the amount to be transferred 
  • Enter your MPIN to authenticate your payment 
  • Click on the send button. 

Here are the steps to use the UPI ID in case of online transactions – 

  • Click on ‘Proceed to Checkout’ 
  • Land on the payment page 
  • Choose UPI as a payment method
  • Select UPI ID and enter your UPI ID
  • Go to the UPI app to verify the payment 
  • Click on verify to complete the payment 

* Read more about how Nimbbl is changing the UPI ID flow in the later section of this article. 

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You can link their bank accounts with their UPI ID after successful verification and authorisation from the bank. Follow the steps to link your bank account to the UPI ID in a third party app – 

  • Tap on the “Add bank account”. 
  • Select the bank name in which you have your account. 
  • Your account number will be fetched automatically. 
  • To verify your account, entire the last six digits of your debit card number along with the expiry (MMYY). 
  • Enter the OTP and set up the UPI PIN. 
  • Your bank account is now linked to the UPI ID. 

Features of UPI ID –

  • Faster transaction through QR code (Quick response) or Magik UPI where customers can easily pay the business.
  • Easier reconciliation, as the UPI records every transaction, it becomes easier to reconcile the account books.
  • Businesses can receive up to 2 lakh rupees in a day
  • You can receive money from any mobile number registered and linked to the UPI App.
  • You can make a bank transfer by simply providing the account number, IFSC code, and recipient name. In the general banking process, you have to wait 30 mins for the beneficiary to get activated.
  • Recharge any mobile number.
  • Make a peer-to-peer transfer to another UPI ID.
  • You can even check the bank balance at any time by just entering the 4-digit UPI PIN 
  • The UPI ID also gives easy access to regular payments all under one app which was otherwise difficult to complete, such as
  • Electricity
  • DTH/Cable TV
  • FasTag recharge
  • Broadband/ Landline
  • Water Bill
  • Gas (pipeline postpaid bill and even the gas cylinder booking)
  • Any school/college/education fees
  • Insurance premiums
  • Loan EMI payments
  • Municipal taxes and services
  • Any subscription fees
  • Housing maintenance bills 
  • Hospital expenses
  • Donations to any charitable trust 
  • Membership in any clubs and associations 

UPI transactions are very secure, highly encrypted and under the constant scrutiny of the RBI. A two-factor authentication system is built to verify each transaction. Thus, many banks such as the State Bank of India (SBI), HDFC, Axis, ICICI, Kotak, Bank of Maharashtra, Federal, Bank of Baroda and Punjab national bank support the UPI ID. 

Benefits of UPI for businesses 

Benefits of UPI transactions for Businesses
Benefits of UPI transactions for Businesses
  • The ease of transactions in the business helps the business owners provide services much more efficiently. You can reach your customers in faraway places by getting the payment through UPI ID and delivering the product with ease.
  • The privacy of both the consumer and the merchant is maintained in the UPI ID as only the UPI ID is disclosed.
  • For smaller transactions, UPI ID is preferred over the card transaction as the banks charge 2% on every transaction, but accessing UPI ID is free of cost. 
  • Along with being free, it is also faster and does real-time settlement, which is beneficial for both customers and merchants.

Magik UPI for businesses

During online purchases, in the UPI flow, customers are asked to enter their UPI ID to complete the payment. Most customers aren’t aware of their UPI ID or don’t know where to find it. If at all they find it, switching between browsers and apps often leads to payment failures. 

With Magik UPI, customers are saved from all these hassles and businesses get to offer a faster payment experience leading to higher success rates. In the Magik UPI flow, customers are presented with their eligible UPI IDs when they land on the checkout page. They don’t have to do any additional clicks or steps. They just have to select their preferred UPI ID and complete the payment.  


UPI is the fastest growing payment method in the country. It is becoming a favourite for both customers and merchants alike. It is time to not only enable UPI as a payment method but also ensure a consistent payment experience across devices, browsers and flows.


How do I know my UPI ID?

You can know what the UPI ID is by simply opening the app and visiting the profile where the UPI ID is visible with a mobile number.

Are bank details required to perform UPI transactions?

No, once the UPI ID is active, the bank details are not required in every transaction. The UPI ID will suffice.

Is UPI ID and VPA the same?

Yes, UPI ID and VPA are the same things where UPI ID is the Unified Payments Interface and VPA is the virtual payment address

Yes, You can link multiple bank accounts to their UPI ID. 

What is an example of a UPI ID?

A UPI ID could be a combination of name and bank name, or mobile number and bank name or the part of the email id and the bank name. That is, if the name is “Max Walberg” and the bank is “HDFC bank”, then the UPI ID could be “maxwalberg@okhdfcbank”, or if the mobile number is “987654321” then the UPI ID could be “987654321@okhdfcbank”.

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