What is UPI?
The Unified Payments Interface (UPI) is a payment system that allows users to transfer funds in real time. It was launched by the National Payments Corporation of India (NPCI) in 2016. UPI enables users to instantly transfer funds between two bank accounts by using a smartphone or a computer. One of the significant benefits of using UPI is that it does not require you to provide your bank details, such as your account number, IFSC code, and other details while performing transactions.
Features and benefits of Bajaj Pay UPI
Bajaj Pay UPI is a platform that enables users to make online payments, transfer funds, and pay bills. It offers a wide range of benefits to its users, including:
- Safe and secure payments
Pay safely for your daily needs and expenses using the Bajaj Pay UPI, guarded with NPCI guidelines
- Exciting offers like cashback and discounts
Enjoy bill payment offers, and merchant payments, and send money every month with Bajaj Pay UPI
- Welcome offer on creating Bajaj Pay UPI ID
Get up to Rs. 200 instant cashback on creating your first Bajaj Pay UPI ID and doing a transaction. T&C apply
- Make instant payment with a QR scan
Scan any QR and make payment to merchants countrywide
Bajaj Pay UPI transaction limit
The transaction limit for Bajaj Pay UPI is set by the NPCI. Currently, the maximum transaction limit for UPI transactions is Rs. 1 lakh per transaction. However, some banks impose their own transaction limits, which can be lower than the NPCI limit. You should check with your bank to determine your transaction limits.
A few points to remember to use UPI safely
- Always verify the UPI ID of the person before making a payment
- Enter UPI PIN on the UPI PIN page only and never share it with anyone
- Once you enter the UPI PIN, the amount will be deducted from your account
- Scanning QR code is for making payment, not for receiving money
- Check the debit SMS or bank statement after making the payment
- Use “UPI Help” for transaction-related concerns
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:
- Open the Bajaj Finserv app and go to Bajaj Pay UPI
- Click on your profile on the top right corner of the screen
- Scroll down to your linked bank account and choose the account you wish to change the PIN for
- Now click on the three dots next to your linked bank account
- 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 use Bajaj Pay UPI, you need to link your bank account and create a unique UPI ID. Here are the steps to find your Bajaj Pay UPI ID:
- Open the Bajaj Pay UPI app and log in with your credentials
- Tap on the 'Profile' tab
- Your UPI ID will be displayed at the top of the screen
UPI has become an important payment system in India, making it easier for people to transfer funds and pay bills. Bajaj Pay UPI is a user-friendly app that offers multiple benefits, including quick and secure payments, multiple bank accounts, and easy bill payments. The transaction limit for Bajaj Pay UPI is currently set at Rs. 1 lakh per transaction. Users can generate and reset their UPI PIN and find their UPI ID by following the steps mentioned above. By using Bajaj Pay UPI, you can enjoy fast and secure transactions with ease.
