SBI UPI: Money Transfer Using BHIM SBI Pay

How to create an SBI UPI ID:

• Download the BHIM SBI Pay app.
• Register using your mobile number linked to your SBI account.
• Verify using OTP.
• Set a 6-digit UPI PIN.
• Create your unique UPI ID (VPA), e.g., yourname@sbi.

How to Check Your SBI UPI ID?

To find your UPI ID in the SBI app:

• Open BHIM SBI Pay or YONO SBI app.
• Log in and go to the “Profile” or “My UPI ID” section.
• Your SBI UPI ID (e.g., yourname@sbi) will be displayed there.

You can also find your UPI ID under the "Manage Accounts" or "Bank Accounts" section.

How to Register for SBI UPI?

Step 1: Download the SBI UPI app on your smartphone from google play store

Step 2: After the download, verify the registered mobile number via SMS. This should be the same number registered with your respective bank

Step 3: Once the SMS is received, the app will automatically verify the mobile number

Step 4: To begin the registration process, enter a 'Virtual Address', 'First Name', 'Last Name', 'Email'. Answer the secret question and choose the respective bank

Step 5: Accept all terms and conditions and choose the 'Next' button

Step 6: Choose a bank account, click 'Register'. Choose a 6-digit password.

Step 7: Set up an m-PIN by submitting debit card details key in OPT to confirm m-PIN.

Step 8: A registration confirmation message will be sent to the respective mobile number

How to Transfer Money Using SBI UPI Pay App?

Step 1: Go to the SBI PAY app on your smartphone and enter the 6-digit pin

Step 2: Click 'Pay', select an account

Step 3: Key in the VPA of the recipient/payee. Write remarks, if any

Step 4: Key in the amount to be transferred and click 'Pay'

Step 5: Enter m-PIN and submit.

How to Collect or Receive Money Using SBI UPI Pay App?

Step 1: Go to the SBI PAY app on your smartphone and enter the 6-digit pin

Step 2: Click on 'Collect'

Step 3: Key in VPA of the person from whom you wish to collect money from

Step 4: Write remarks, if any

Step 5: Choose 'Initiate Request'. A confirmation will be sent.

Step 6: The funds will be credited after the payer approves the request.

Features of BHIM SBI Pay

1. You can transfer funds using BHIM SBI Pay through various options like VPA, Aadhaar, scanning QR code, account number + IFSC etc.
2. No charges are levied for BHIM SBI Pay transactions.
3. Available rewards and offers can be availed.
4. You can carry out a maximum of 20 transactions in a day within the Rs.1 lakh limit.
5. You can transfer funds to a beneficiary without registering them.

Benefits of SBI Pay

1. Cashless Payments: The main objective behind launching this app is to encourage the use of digital payment mechanisms. And the SBI PAY app allows customers to seamlessly send and receive funds through this app without any hassle.
2. Safe and reliable: The risk element in this type of payment system is close to negligible. Hence, it is a very safe and secure way of transferring funds.
3. Backed by RBI: The SBI Pay app is monitored by the RBI and hence it is a very trustworthy app to use. Since this is a government-backed service there is no chance of risk in terms of the funds that are being sent.
4. No restriction: Fund transfer can be initiated on all 365 days of the year and at any time of the day or night. There is no time restriction when it comes to this type of payment unlike in NEFT, where transactions are only settled in a batchwise format.
5. Speedy service: SBI Pay is a fast, economical and hassle free service that allows digital transactions in the country. It is much faster than other types of fund transfer methods.

SBI UPI Charges and Limits

Please note that as of now there will be no charges for carrying out transactions using this app.

Transaction Timings for SBI UPI Transfers

Transactions can be made at any time and there are no specific timings for this service.