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Understanding VPA for UPI Transactions by SUNNY SINGH is a document available to read on EtoBox.
What is Understanding VPA for UPI Transactions about?
UPI is an instant payment system that allows users to transfer funds between bank accounts. To use UPI for mutual fund transactions on ICICI Direct, a customer must register their VPA (virtual payment address) by linking their bank account. This involves a one rupee authentication transaction to verify the account. Once registered, a customer can make lump sum payments and set up SIPs by approving UPI collect requests on their banking app. Failed transactions will be automatically refunded within 24 hours t
- Author
- SUNNY SINGH
- Language
- EN