How to Add a Beneficiary in UPI for Secure Transfers

Follow these steps to easily add beneficiaries in UPI for fast and secure money transfers.
How to Add a Beneficiary in UPI for Secure Transfers
SET UP UPI
5 mins
11 November 2024
What is a UPI beneficiary

A UPI beneficiary is a person or entity you can send money to using the Unified Payments Interface (UPI). This feature simplifies transactions. You can add beneficiaries for quick payments. Once added, you do not need to enter their details every time.

Beneficiaries can be friends, family, or businesses. UPI allows seamless money transfers in India. It is fast and efficient. Adding beneficiaries enhances your payment experience. You can manage them easily through your UPI app. This feature saves time and reduces errors when entering details.

Steps to add a beneficiary in UPI

1. Open your UPI app.

2. Navigate to the "ADD BENEFICIARY" section.

3. Enter the beneficiary’s UPI ID or mobile number.

4. Fill in the beneficiary's name.

5. Confirm the details entered.

6. Set a nickname for easy identification (optional).

7. Save the beneficiary.

8. You will receive a confirmation message.

Why you need to add beneficiaries in UPI transactions

  • Speed: Quickly send money without re-entering details.
  • Convenience: Easily access frequently used contacts.
  • Accuracy: Reduce errors in entering payment information.
  • Organisation: Keep track of who you send money to regularly.
  • Security: Limit exposure of sensitive information by saving contacts.
Tips for safely adding beneficiaries to UPI

  • Verify details: Double-check the UPI ID and mobile number.
  • Use trusted contacts: Only add known individuals or businesses.
  • Update regularly: Remove outdated beneficiaries from your list.
  • Enable security features: Use app lock and two-factor authentication.
  • Monitor transactions: Regularly check your transaction history for unauthorised activities.
Conclusion

Adding beneficiaries in UPI makes transactions easier and faster. It enhances convenience and accuracy while reducing errors.

Always verify details before adding contacts. Use trusted sources and maintain security features on your app. Regular monitoring helps ensure safe transactions. Following these guidelines allows you to enjoy a seamless payment experience with UPI.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Frequently asked questions

What is a UPI beneficiary?
A UPI beneficiary is an individual or entity designated to receive funds through the Unified Payments Interface (UPI). Beneficiaries have a unique UPI ID and a Virtual Payment Address (VPA). This identifier lets users send money quickly without needing detailed bank account information.

How do I add a beneficiary in UPI?
To add a beneficiary in UPI, open your UPI app and navigate to the "ADD BENEFICIARY" section. Enter the beneficiary’s UPI ID or mobile number and name. Verify the details and save them. Some apps may require additional authentication for security.

Is it safe to add a beneficiary in UPI?
Yes, adding a beneficiary in UPI is generally safe. UPI employs security measures like two-factor authentication and encryption to protect your transactions. However, always verify the beneficiary's details before adding them to avoid potential fraud or errors.

Can I remove a beneficiary from UPI?
Yes, you can remove a beneficiary from your UPI app anytime. Simply navigate to the "Beneficiary Management" section, select the beneficiary you wish to delete, and confirm the removal. This helps maintain an updated list of contacts for transactions.

Show More Show Less

Related videos