Linked Bank Accounts

byPaytm Editorial TeamLast Updated: September 15, 2025

Definition

Linked bank accounts are bank accounts connected to a payment app like UPI. This connection allows users to send, receive, and manage money directly without needing separate wallets.

Benefits

  • Supports multiple accounts in one app.
  • Eliminates the need to carry cash.
  • Safe as money always stays in the bank.

Examples

People often link their salary account, savings account, or joint account to UPI apps for daily transactions.

You May Also Like

Commercial BankLast Updated: September 10, 2025

Definition A Commercial Bank is a financial institution that accepts deposits, provides loans, and offers other banking services…

UPI Fraud PreventionLast Updated: July 16, 2025

Definition UPI Fraud Prevention includes all strategies and user behaviors aimed at protecting UPI users from unauthorized transactions.…

UPI Payment RetryLast Updated: October 21, 2025

Definition UPI Payment Retry allows users to reattempt failed transactions without starting over from scratch. Caution If the…

Nifty 50November 10, 2025

Meaning The Nifty 50 is a leading indicator for the Indian equity market, reflecting the performance of top…

Capital GainLast Updated: December 12, 2025

Meaning & Definition Capital gain is the profit earned when you sell an asset like stocks, bonds, or…

ReinstatementOctober 16, 2025

Meaning Reinstatement is the act of restoring something or someone to a former state, position, or condition after…