You’re all set to sign the dotted line of your personal loan agreement. The prospect is thrilling. But let’s hit pause before we get the ink flowing. It’s vital to have clarity in this moment.
Anushree needed to make an urgent payment to a vendor. The vendor said, “You can send it via IMPS or UPI, whichever suits you.” Anushree paused. Until that moment, she thought IMPS and UPI were the same thing. Clearly not. Both help you transfer money instantly, but in very different ways.
If you use digital payments every day, you already know how fast India is moving toward a cashless life. But there is one small detail that still confuses many people: what is a UPI ID, and why do apps keep asking for it?
Think of all the times you paid at a local kirana store, split a dinner bill, or sent funds home. Behind every tap lies a simple digital address that keeps your money flowing safely. Once you understand it, UPI starts feeling effortless.
Last Sunday, Meera tried to split a dinner bill with her friends and suddenly realised she couldn’t recall her UPI PIN. That same evening, her cousin Rohit changed his PIN after spotting a couple of unusual login alerts on his banking app.
Two very ordinary moments, yet both highlight how important that code really is.
Ravi opened a fixed-deposit savings account last week. His friend Priya added money to hers around the same time. Both put in ₹1,00,000, but with two different banks.