What is a UPI ID in a bank?

A UPI ID, also known as a Virtual Payment Address (VPA), is a unique identifier that links your bank account to the Unified Payments Interface system. It acts like a digital address, typically formatted as "name@bankname," allowing you to send or receive money instantly without sharing sensitive bank details like account numbers or IFSC codes. Key features include:

• Enables secure, real-time 24/7 fund transfers between bank accounts.
• Maintains privacy by masking personal banking information from the sender or receiver.
• Regulated by the National Payments Corporation of India (NPCI) for standardized and secure digital transactions across India.