Does UPI come under NPCI?

Yes, the Unified Payments Interface (UPI) comes under the National Payments Corporation of India (NPCI). NPCI is the entity that owns and operates UPI, a real-time instant inter-bank payment system. NPCI is responsible for prescribing the rules, regulations, and guidelines for UPI participants. This system was introduced in 2016 and facilitates instant fund transfers between bank accounts via mobile devices on a 24x7 basis.