Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience. Each Bank provides its own UPI App for Android, Windows and iOS mobile platform(s).
Unified Payments Interface (UPI) is a system developed by NPCI, as mentioned in above in which we can link multiple bank accounts into a single mobile application, now The Malad Sahakari Bank is sub member of UPI channel. UPI service has been enabled for The Malad Sahakari Bank Ltd. from 02-April-2019. Customer can self-register UPI Apps after downloading, if Customer’s Mobile number registered in Malad Bank and customer having The Malad Sahakari Bank’s Debit Card.
UPI application is simple, easy and quick payment transactions Mobile Apps.
It can be used on all mobile devices.
The customer can make instant bank-to-bank payments and Pay and collect money using just Mobile number or Virtual Payment Address (UPI ID).
Customer can send, Request Money and can pay by scanning the QR code through Scan & Pay option.
At present the limit on app is Rs. 10000.00 per transactions limit (per transactions limits depend upon apps) and 50000.00 / per day transaction limits. Per account per day.
After downloading any UPI App, Search and selecting to The Malad Sahakari Bank name from the UPI Bank list and creating a VPA/ UDI ID for UPI App, verify the account, set a PIN and transact the payments instantly. This is how UPI App works.
No matter which bank you bank with, you can make and receive secure payments instantly using just your name!
How does UPI App work?
Download the UPI Apps- Paytm UPI/ Kotakpay/Axispay/,ICICIPay/UCOPAY, from Google Play Store or Apple Store.
Select to The Malad Sahakari Bank name from the UPI Banks list in the app.
Create a VPA / UPI ID (example – yourname/mobile no.@Paytm /Kotak/ICICI/axisbank /uco)
Verify your account & set a PIN
How to send money using UPI App?
How to receive money using UPI App?
How to get it:
What is required for Transaction?
Funds Transfer limit:
The Malad Sahakari Sahakari Bank Ltd is registered with DICGC