Bajaj Pay UPI: A Convenient UPI Payment Option
Unified Payments Interface (UPI) is a real-time payment system launched by the National Payments Corporation of India (NPCI). UPI allows users to transfer funds between bank accounts instantly. It is a safe and secure payment method that has become popular in India due to its convenience and ease of use. To use UPI, you need to have a UPI ID linked to your bank account.
Features and benefits of Bajaj Pay UPI
Bajaj Pay UPI is a popular UPI app that allows users to make payments and transfers using their UPI ID. It is safe, secure and offers many features and benefits.
Here are some features and benefits of Bajaj Pay UPI:
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User-friendly interface
Bajaj Pay UPI has a simple and user-friendly interface, making it easy for users to navigate and use.
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Quick and easy transfers
With Bajaj Pay UPI, users can transfer money instantly, anytime, and anywhere.
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Multiple bank accounts
Users can link multiple bank accounts to their UPI ID on Bajaj Pay UPI. This feature allows users to transact from any bank account without switching between different UPI apps.
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Cashback offers
Bajaj Pay UPI offers cashback offers on transactions made using the app.
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Bill payments
Users can pay their utility bills, phone bills and other bills directly through the app.
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Bill payments
Users can pay their utility bills, phone bills and other bills directly through the app.
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E-commerce payments
Bajaj Pay UPI allows users to make payments for online shopping on e-commerce websites.
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Security
Bajaj Pay UPI transactions are authorised by a unique UPI PIN, which offers added security to the users.
How to link your bank account with Bajaj UPI?
To link a bank account with Bajaj Pay UPI, you need to follow these simple steps:
- 1 Download the Bajaj Finserv app from Google PlayStore or Appstore
- 2 Go to Bajaj Pay on the home screen and create your UPI ID by entering your mobile number registered with the bank account
- 3 Bajaj Pay UPI will send an SMS to verify your mobile number. Once your mobile number is verified, it will ask you to link your bank account
- 4 Select the bank from the list of banks available. Bajaj Pay UPI will automatically fetch your account details and show the account linked to your mobile number
- 5 Set a UPI PIN. UPI PIN is a four-digit code, which is used to authorise every transaction made through UPI
Your bank account is now linked to your Bajaj Pay UPI. You can start making transactions
Bajaj Pay UPI transaction limit
The transaction limit on Bajaj Pay UPI depends on various factors such as the user’s bank limit, net banking transactions limit, and the daily transaction limit set by the NPCI. The transaction limit for Bajaj Pay UPI is set at Rs. 1 lakh per transaction and Rs. 1 lakh per day.
How to reset Bajaj Pay UPI PIN?
To reset the Bajaj Pay UPI PIN or reset the existing one, you need to follow these steps:
- 1 Open the Bajaj Finserv app and go to Bajaj Pay UPI
- 2 Go to your profile on the top right corner of the screen
- 3 Scroll down to your linked bank account and choose the account you wish to change the PIN for
- 4 Now click on the three dots next to your linked bank account
- 5 Select the ‘CHANGE PIN’ option and provide your older PIN, followed by your new PIN
That is it. Your Bajaj Pay UPI PIN is now reset
How to find Bajaj Pay UPI ID?
To find your Bajaj Pay UPI ID, follow these steps:
- 1 Open the Bajaj Finserv App
- 2 Select ‘BAJAJ PAY UPI’ on the home screen
- 3 Your UPI ID will be visible to you in the ‘MY UPI ID’ section
Frequently asked questions
Bajaj Pay UPI is a UPI app launched by Bajaj Finance Limited. It is a safe and secure payment app that allows users to transfer funds between bank accounts instantly. Bajaj Pay UPI provides added features such as multiple bank account linking, cashback offers, bill payments, and e-commerce payments.
To link your bank account with Bajaj Pay UPI, you need to download the app from Google Playstore or Apple App Store. Create a UPI ID by entering your mobile number registered with the bank account. Bajaj Pay UPI will verify your mobile number and ask you to link your bank account. Select the bank from the list of banks available. Bajaj Pay UPI will automatically fetch your account details and show the account linked to your mobile number. Set a UPI PIN, and your bank account is now linked to your Bajaj Pay UPI.
UPI, or Unified Payments Interface, is a technology that powers various mobile apps to facilitate digital transactions like money transfer, bill payments, and online purchases.
Here's what you need to do to use UPI:
Download a UPI app: There are several UPI apps available, such as BHIM, Google Pay, PhonePe, Paytm, and others. Choose a reputable app that suits your needs.
Register on the app: Each app has its own registration process, typically involving verifying your phone number and linking your bank account.
Set up your UPI ID: Once your bank account is linked, you can create a unique UPI ID within the app. This ID acts like an address for receiving and sending payments.