Definition
UPI Bank Account Verification confirms that a bank account is active and correctly linked to a UPI ID.
Purpose
Verification prevents failed payments and ensures money reaches the correct account.
Author
UPI Bank Account Verification
You May Also Like
P2M TransactionsLast Updated: July 11, 2025
Introduction P2M (Peer-to-Merchant) transactions are UPI payments made by customers to businesses for goods or services. Definition The…
Failed TransactionLast Updated: July 11, 2025
Definition A Failed Transaction is when a payment doesn’t go through due to reasons like poor internet, technical…
ACH in Banking: Full Form, Meaning, and How It WorksLast Updated: December 10, 2024
The ACH Full Form is Automated Clearing House. It is a system that helps move money from one…
What is UTR? Full Form, Meaning, and DefinitionLast Updated: December 26, 2024
UTR Full Form and Meaning UTR stands for Unique Transaction Reference. It is a special code or number…
AFA (Additional Factor Authentication)Last Updated: July 31, 2025
Meaning The full form of AFA is Additional Factor Authentication. It is a security feature used in digital…
Stamp Duty: Definition, Meaning, and Factors Affecting ItLast Updated: October 21, 2024
What is Stamp Duty? Stamp duty is a tax applied to a single property purchase and various documents…