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

UPI with Credit CardLast Updated: July 24, 2025

Meaning UPI with Credit Card allows users to link their credit card, especially RuPay cards, to a UPI…

Pending UPI TransactionLast Updated: September 16, 2025

Definition A pending UPI transaction means the payment request has been initiated but not completed due to technical…

Moral HazardLast Updated: November 14, 2025

Definition Moral Hazard happens when an insured person takes higher risks because they know they are protected by…

UPI Customer AuthenticationLast Updated: October 21, 2025

Definition UPI Customer Authentication verifies the user’s identity before completing a transaction. Methods Typically involves UPI PIN, device…

Branchless BankingLast Updated: September 10, 2025

Definition Branchless Banking means providing banking services without a physical branch. It uses technology like mobile banking, ATMs,…