The government has now chosen to eliminate the prerequisite for a debit card to produce a UPI payment ID, giving a lift to make Unified Payments Interface (UPI) the most popular computerized payment choice and broaden its entrance all through the country. Beginning on March 15, 2022, clients can enroll for UPI utilizing the OTP they got on the enlisted mobile number related with their Aadhar Card.
It used to be feasible to make a UPI ID provided that you have a debit card. All account holders with an AADHAAR Card will presently approach UPI ID’s capabilities, regardless of whether they have a debit card.
By associating their Unique Identification Authority of India (UIDAI) with the National Payments corporation of India (NPCI) through their banks, clients can avail UPI.
There are a huge number of individuals with bank accounts who haven’t gotten a debit card and weren’t given admittance for UPI’s potential benefits. This activity will kill the snag of a debit card for proprietors of such records.
You should utilize the same mobile number that is connected to both your bank account and your Aadhar card to enlist for UPI without a debit card.
The Reserve Bank of India (RBI) on Tuesday declared the send off of a special feature for installments with an office permitting those with featured phones to likewise utilize the UPI stage, highlighting a more prominent take-up of digital transactions in the country’s locales where most of occupants actually don’t claim cell phones.
This capability, known as UPI123Pay, will empower payments utilizing featured phones without an internet connection.
The deadline for signing up for UPI using Aadhaar OTP, which was initially set by NPCI to end on December 15, 2021, has now been stretched out till March 15 because of banks’ lack of readiness.
