Home » How to Create and Manage a UPI ID?

How to Create and Manage a UPI ID?

Updated on Wednesday, October 21st, 2026 | By IndusInd Bank

Summary

A UPI ID is a unique virtual payment address that allows users to send and receive money without sharing bank account details.
Users can create multiple UPI IDs linked to the same bank account for better convenience and transaction management.
UPI offers instant fund transfers, 24×7 availability, secure authentication and seamless interoperability across banks.

In today’s digital world, it has become possible to transfer money within seconds thanks to UPI IDs. But, what is a UPI ID? It is a virtual payment address that allows you to transfer money between bank accounts in an instant, without the need to share bank details.

Understanding how to create a UPI ID and manage it can make your financial transactions easier and faster. Let’s learn more in this regard.

Steps to Create a UPI ID

Creating a UPI ID is a straightforward process that can be done through your bank’s mobile app or a UPI-enabled application. Here’s how to create a UPI ID:

1. Download a UPI-Enabled App

First, download a UPI-enabled app or your bank’s mobile app, like the IndusMobile app.

2. Register Your Mobile Number

Open the app and register using the mobile number linked to your bank account. You will receive a One-Time Password (OTP) on this number, for verification.

If you are an existing user of your bank’s mobile app, you may not have to go through this step.

3. Link Your Bank Account

After verifying your mobile number, go to the ‘add new bank account’ section. The section’s name may vary based on the app. In some apps, you can visit this section after clicking on your profile photo.

This step will allow you to link your bank account to the app. The app will fetch your bank details using your registered mobile number.

4. Create a New UPI ID

Now, you will get to generate a new UPI ID (such as yourname@bankname) during the setup process. You will be using this ID to send and receive money.

5. Set UPI PIN

Finally, you must set a UPI PIN. You will be using this PIN to authenticate all your transactions.

How to Create and Remove an Extra UPI ID?

Sometimes, you may need multiple UPI IDs for different purposes. Here’s how to create a new UPI ID and remove it:

Open the UPI-enabled app where your bank account is linked.
Go to the profile or settings section of the app.
Select the option to create a new UPI ID and follow the prompts.

To remove an existing UPI ID, go to the manage UPI IDs section. Select the ID you wish to remove, and you will get an option to remove or delete it.

Benefits of Using UPI ID for Financial Transactions

When you generate a UPI ID and transact using it, you open the door for the following advantages:

1. Instant Transfers

UPI allows instant money transfers between bank accounts 24/7, including holidays.

2. Security

UPI transactions are secured with two-factor authentication. This makes UPI a safe and reliable way to transact.

3. Convenience

With UPI IDs, there is no need to remember bank account numbers and IFSC codes, simplifying the payment process.

4. Wide Acceptance

UPI is accepted across various platforms. You can use your UPI ID for online shopping, bill payments, peer-to-peer transfers, and more.

5. No Extra Charges

Banks do not charge extra fees for UPI transactions. This makes it a cost-effective solution for everyday payments.

6. Ease of Use

It is simple and easy to generate a UPI ID and manage it. In addition, the user-friendly interface of UPI apps makes transactions hassle-free even for those who may not be tech-savvy.

Also Read: Why Does Every Indian Need a Savings Account?

What are the Key Features of UPI ID?

A UPI ID acts as a unique identifier that enables secure and seamless digital transactions. Some of its key features include:

Instant Money Transfers: UPI enables real-time fund transfers between bank accounts, ensuring quick and convenient payments anytime.

24×7 Availability: Unlike traditional banking channels, UPI transactions can be initiated and received round the clock, including weekends and holidays.

Multiple Bank Account Management: Users can link multiple bank accounts to a single UPI-enabled app and manage transactions conveniently from one platform.

No Need to Share Bank Details: Payments can be made using a UPI ID instead of sharing account numbers and IFSC codes, enhancing convenience and privacy.

Secure Authentication: UPI transactions are authorised using a UPI PIN, adding an extra layer of security to every transaction.

Broad Acceptance: UPI is accepted across merchants, online platforms, utility bill payments, subscriptions and peer-to-peer transactions throughout India.

Interoperability: Users can send money between different banks and UPI apps seamlessly without worrying about compatibility.

How to Keep Your UPI Transactions Safe and Secure?

While UPI is designed with robust security measures, users should adopt safe banking practices to protect themselves from fraud. Here are some tips:

Never Share Your UPI PIN: Your UPI PIN is confidential and should never be shared with anyone, including bank representatives or customer support personnel.

Verify Payment Requests Carefully: Always check the payer or payee details before approving a transaction or responding to a collect request.

Use Trusted Apps Only: Download UPI applications only from official app stores and use authorized banking or payment apps.

Beware of Fraudulent Links and QR Codes: Avoid clicking on suspicious links or scanning unknown QR codes received through calls, emails or messages.

Enable Device Security: Use strong passwords, biometric authentication and screen locks to prevent unauthorized access to your smartphone.

Regularly Monitor Transactions: Review your bank account statements and UPI transaction history frequently to identify any unauthorised activity.

Report Suspicious Activity Immediately: If you notice any suspicious transaction, contact your bank and report the issue promptly through official channels.

Conclusion

Knowing what a UPI ID is and how to create one can make a big difference in your everyday finances. With UPI IDs, you can enjoy seamless money transfers and payments.

To enjoy a seamless experience in all areas of banking, open a Savings Account with IndusInd Bank. Enjoy robust UPI services, attractive interest rates, discounts and offers across top brands, an easy application process, and more.

Visit our website to learn more about Savings Accounts and get started!

FAQs

What is the UPI limit per day?

The daily UPI transaction limit generally depends on NPCI guidelines, your bank and the UPI app being used. For most users, the limit is typically up to ₹1 lakh per day for standard transactions, although specific transaction categories may have different limits.

What are the disadvantages of UPI?

Some limitations of UPI include transaction limits, dependence on internet connectivity and the risk of fraud if users share their UPI PIN or fall victim to phishing attempts. However, following recommended security practices can significantly reduce these risks.

Which account is best for UPI, savings or current?

Both savings and current accounts can be linked to UPI. A savings account is generally suitable for individuals managing personal transactions, while a current account may be more suitable for businesses and merchants with a higher volume of transactions.

Is UPI free of cost?

UPI transactions are generally free for person-to-person transfers and most everyday payments.