UPI for current account

Streamline Business Transactions: UPI for Current Accounts. Seamlessly manage your finances, amplify your business growth.
SET UP UPI
SET UP UPI
SET UP UPI
4 mins
21 May 2024

How can current account holders use UPI?

Current account holders can simply utilise UPI (Unified Payments Interface) to conduct various transactions, ensuring swift and convenient fund transfers. With services like Bajaj Pay UPI and Bajaj Pay Wallet, customers can easily link their current accounts. Customers can initiate transactions directly from their smartphones or computers.

Steps to generate UPI for current account

Generating UPI for a current account involves simple steps:

  1. Download the Bajaj Pay app or visit the Bajaj Pay website.
  2. Register or log in to your account.
  3. Select the option to link your current account.
  4. Provide the necessary details such as account number, IFSC code, etc.
  5. Verify the account ownership through OTP (One Time Password) verification.
  6. Set up a UPI PIN for secure transactions.
  7. Once verified, your current account is now linked with UPI, ready for transactions.

Documents required for UPI for a current account

To link a current account with UPI, the following documents are typically required:

  1. Identity proof: Aadhar card, PAN card, Passport, Driving License, or any other government-issued identity proof.
  2. Address proof: Aadhar card, Passport, utility bills, or any document with the current address mentioned.
  3. Bank details: Account number, IFSC code, and other relevant bank details.
  4. Mobile number: The mobile number registered with the bank account for OTP verification.

Bajaj Pay UPI for current accounts revolutionises the way businesses manage their finances. Working directly with Bajaj's comprehensive banking solutions, it offers unparallelled convenience for businesses to make payments, manage expenses, and streamline financial transactions. With Bajaj Pay UPI, businesses can effortlessly transfer funds, pay bills, and reconcile accounts at the same time, enhancing operational efficiency. Coupled with Bajaj's secure infrastructure, it ensures a safe and reliable platform for all banking needs.

Conclusion

Bajaj Pay UPI for current accounts revolutionises the way businesses manage their finances. With Bajaj Pay UPI, businesses can effortlessly transfer funds, pay bills, and reconcile accounts instantly, enhancing operational efficiency. Coupled with Bajaj's secure infrastructure, it ensures a safe and reliable platform for all banking needs. By enabling businesses to focus on growth without worrying about financial management hassles.

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.
  • 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-qualified 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

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purposes and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please make an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

Can UPI be used for the current account?
Yes, UPI can be used for current accounts. It offers businesses a convenient way to make and receive payments, manage cash flow, and streamline financial transactions.
Can we use Bajaj Pay for a current account?
Yes, Bajaj Pay can be used for current accounts. Bajaj Pay offers UPI services that allow current account holders to perform various transactions securely and efficiently.
Is there a UPI limit for current account?
UPI transaction limits may vary depending on the bank and the type of account. While there might be daily transaction limits, businesses can usually set higher limits after verifying their KYC (Know Your Customer) details.
Show More Show Less

Related videos