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What is Virtual Payment Address (VPA) in UPI?

The UPI ID, also known as the Virtual Payment Address (VPA), is a one-of-a-kind ID made by the user to receive or send money via UPI.

What is Virtual Payment Address (VPA)?

VPA is Virtual Payment Address

 

Creating a VPA of Your Choice

• VPA is a component of the UPI payment system. As a result, it is available through the UPI App. The following is the procedure for obtaining a VPA:
• Install the UPI app and connect it to a bank account using your cell phone number. Just use the cell phone number that is already on file with your bank.
• You will have to go through a cell phone authentication process, followed by the next round of verification. This verification can take the form of a security code, a grid, or any other type of authentication method.
• Generate a VPA for the account you provided once the last verification is complete.
• As it is with email addresses, you are assigned a VPA of your preference if the availability check affirms that it is obtainable. If it isn’t obtainable, try something else.

 

How do transactions happen with VPA?

• Launch the UPI application.
• Input the pin and select New Payments.
• Now, chose UPI ID (VPA) or QR code under Transfer Money.
• A pop-up window will appear and choose UPI ID or VPA.
• To confirm, insert the person’s VPA.
• If it is correct, add the amount, enter your password, and click the Send Money button.

 

Advantages of using VPA

• Keep your bank account number hidden.
• Simple to remember.
• You have the ability to alter it.
• It is simple to identify the beneficiary.
• Check the Beneficiary’s Identity

 

FAQs

What is the function of VPA?

VPA can be used to send and receive payments via a UPI-enabled app.

How can I locate my UPI ID number?

In PhonePe

Launch the PhonePe app. You can find your unique ID by clicking on “MY BHIM UPI ID.” It will be phonenumber@ybl.com.

Could it be possible to associate multiple bank accounts with a single VPA?

Yes. This is a possibility. A single VPA can be associated with multiple bank accounts.

Is it possible to link an established VPA to a new app?

Yes. This is plausible, but it is also dependent on the app you use to make the payment or activate the transfer of funds. Some banks will not permit you to use an established VPA.

Is my VPA going to expire if I don’t use it?

It would not expire if you’re not using it for a specified period of time.

Is any additional bank account information required if you use VPA?

No. It is only the VPA that is considered necessary.

Some widely accepted bank VPA suffixes

• @SBIPay is for SBI Pay.
• PNB’s UPI is @PNB.
• Axis bank’s UPI ID is @axis.
• UPI for ICICI Bank: @icicibank
• Baroda Bank: @barodapay
• UPI for HDFC Bank: @HDFC
• Yes Bank’s UPI ID @YBL.