Synd UPI – Syndicate Bank Unified Payment Interface (UPI) is a great driving tool to help Government of India Digital Banking initiative. UPI – A payment platform extended by NPCI for the purpose of inter-bank transfer of funds i.e., pay someone and collect from someone instantly as per rules, regulations and guidelines issued by NPCI, Reserve Bank of India and Banks, from time to time.
[highlight]Read :[/highlight] How To Install Unified Payments Interface (UPI) on Mobile ?
Syndicate bank has also introduced Synd UPI application for all their customer with easy customization, through which payment up to Rs 50, 000 can be instantly send to any person using their account number along with IFSC or through VPA (Virtual Payment Address).
Steps to Install Synd UPI Application ?
Follow below mention steps to download and install the Synd UPI application on their Mobile.
- Customer must be having active Bank Account with Syndicate Bank
- Customer must be having their mobile number registered with account at bank
- Download the Synd UPI Application from Google Play store
- Follow the instruction as directed by providing details like Email ID, Mobile Number , name and importantly Debit card details etc
- An OTP will be sent to registered mobile
- After confirming OTP , user may set their Six Digit Password – UPI Login password
- After generating Synd UPI login password , user may login using application
- After login user will see two column interface i.e Send money and Collect money
- Customer need to create Virtual Payment Address (VPA) which will be as like “name@syndicate” as if you want to create VPA with your name i.e. Raj just create raj@syndicate.This Virtual address will be used to receive money or for payment.
- Next time onward while making any payment through any mode like shops, POS, online transfer etc , one just need to provide their virtual address created i.e. raj@syndicate. This is to remember that VPA will be unique by nature.
[highlight]Read : How To Generate Syndicate Bank Mobile Banking MPIN Online ?[/highlight]
How to Send or Collect Money Through Synd UPI ?
Learn to send or receive money through Synd UPI application.Follow the instruction mentioned below.
- For sending money through Synd UPI, there are two options. They are either through VPA i.e. Virtual Address or through Account, IFSC
- Choose the VPA account through which payment will be initiated.
- Select the payee or beneficiary VPA or Account number with IFSC
- Provide your MPIN and send money.
- Payment will be reflected immediately 24X7
For Collecting or Receiving Money through Synd UPI
- For receiving money through Synd UPI, need of VPA i.e. Virtual Address is important
- Choose the VPA account where payment will be received or credited.
- Select VPA of sender or choose from beneficiary list.
- You may choose minimum amount along with expiry date
- After providing all details, Initiate Collect option
- Payment will be reflected immediately 24X7
Synd UPI is very useful application for instant transfer of money. Currently maximum limit for Synd UPI is Rs 50,000.If you face any difficulty in installing Synd UPI application, just put your query below.