Can UPI be used for a current account?

Yes, UPI can be used with a current account. The National Payments Corporation of India (NPCI) allows both savings and current accounts to be linked to UPI for making and receiving payments. This feature is particularly beneficial for businesses as it enables:

• Instant real-time fund transfers and collections 24/7.
• Secure transactions using a Virtual Payment Address (VPA) or QR codes.
• Lower operational costs compared to traditional payment methods.

Current account holders can register by linking their mobile number and verifying account details through a supported UPI application.