What is a UPI ID in BHIM?

A UPI ID in the BHIM app is a unique virtual payment address (VPA) that identifies your bank account for digital transactions. Developed by the National Payments Corporation of India (NPCI), it allows you to send and receive money directly from your bank account without sharing sensitive details like your account number or IFSC. Key features include:

• Secure identifier linking your bank account to the UPI network
• Enables instant 24/7 money transfers using just the recipient's UPI ID
• Simplifies payments by replacing complex banking information with a recognizable address, often formatted as name@upi