What is VPA (Virtual Payment Address)?

A virtual Payment Address (VPA) is a unique identifier for a person, similar to an email address. It helps you make and receive payments securely and quickly through UPI. VPA is an important part of UPI and makes payments simpler and more secure.

VPAs are typically created through a mobile banking app or a digital wallet. Once created, users can share their VPA with other users who want to send them money.

The sender then enters the VPA into their own mobile banking app or a digital wallet and specifies the amount they want to send. The money is then transferred securely and quickly to the recipient’s bank account.

VPAs provide a secure and convenient way to transfer funds without having to share bank account details. They are becoming increasingly popular as more people move away from traditional banking methods and embrace digital payments.

what is vpa in upi

VPA Examples

ProviderExamplesNumber ExamplesName Examples
UPI (Unified Payments Interface)example@upi84384834@UPIRahulkumar@UPI
Paytmexample@paytm2132143432@paytmRahulkumar@paytm
PhonePeexample@phonepe123456789@phonepeRahulkumar@phonepe
Google Payexample@okaxis123456789@okaxisRahulkumar@okaxis
Amazon Payexample@apl123456789@aplRahulkumar@apl
MobiKwikexample@ikwik123456789@ikwikRahulkumar@ikwik
HDFC PayZappexample@hdfcpayzapp1234324235@hdfcpayzappRahulkumar@hdfcpayzapp
Freechargeexample@freecharge123456789@freechargeRahulkumar@freecharge
BHIMexample@upi123456789@upiRahulkumar@upi
Airtel Payments Bankexample@airtelbank123456789@airtelbankRahulkumar@airtelbank
JioMoneyexample@jiomoney123456789@jiomoneyRahulkumar@jiomoney

Top 20 banks VPA suffix Examples

Bank NameSuffix
State Bank of India@sbi
HDFC Bank@hdfcbank
ICICI Bank@icicibank
Axis Bank@axisbank
Kotak Mahindra Bank@kotak
Punjab National Bank@pnb
Union Bank of India@unionbank
Canara Bank@canarabank
Bank of Baroda@bankofbaroda
Allahabad Bank@allahabadbank
Indian Bank@indianbank
Bank of India@bankofindia
Andhra Bank@andhrabank
United Bank of India@uob
Syndicate Bank@syndicatebank
Punjab & Sind Bank@psb
Vijaya Bank@vijayaba
Central Bank of India@centralbank

Benefits

Using a Virtual Payment Address (VPA) for Unified Payments Interface (UPI) payments is a convenient and secure way to. With a VPA, users can payments without having to share account details. All that is needed is the VPA, which is a unique identifier that is linked to the user’s bank account. 

This makes payments much simpler and more secure, as no sensitive information is shared.

Additionally, VPA payments are quick and efficient, allowing users to make payments in just a few clicks. By using a VPA, users can save time and enjoy the peace of mind that comes with knowing their financial information is secure.

Security Features

UPI (Unified Payments Interface) is a payment system that enables users to securely transfer money between bank accounts. It is a secure and convenient way to make payments without having to use cash or cards. To ensure the safety of UPI payments, the system has several security features in place.

One of the security features of UPI is the use of a Virtual Payment Address (VPA). A VPA is a unique identifier that is linked to a user’s bank account. It is used to make and receive payments without having to share the user’s bank account details. This ensures that the user’s bank account details remain secure and confidential.

Another security feature of UPI is an extra layer of security authentication. This requires the user to enter a UPI PIN each time a payment is made. This ensures that only the owner of the bank account can make payments.

UPI also has a transaction limit to prevent fraud. This ensures that only a certain amount of money can be transferred in a single transaction. This helps to prevent any unauthorized transactions from taking place.

Overall, UPI is a secure and convenient way to make payments. With its security features, users can be sure that their bank account details remain safe and secure.

How to Create and Use

A Virtual Payment Address (VPA) is a unique identifier used to facilitate UPI payments. It is like an email address for payments, where you can send and receive money using UPI.

Step 1 – To create a VPA, you need to download a UPI-enabled mobile banking app from your bank or a third-party UPI app. You can use Paytm, phonepe, Bhim, and Google Pay.

Step 2 – Once you have the app, you can register your bank account via Enter the Debit Card and create a VPA.

Step 3 – You can use this VPA to send and receive money from other UPI users. the example is 123456789@sbi

Step 4 – All you need to do is enter the VPA of the person you want to send money to, enter the amount, and confirm the payment. The money will be transferred instantly and securely.

Step 5 -You can also use your VPA to make payments for online purchases, recharge your mobile phone, and more.

Difference Between VPA And UPI ID

ListUPI IDVPA (Virtual Payment Address)
DefinitionA unique identifier linked to a bank account used for UPI transactions.A user-friendly virtual representation of a bank account used for UPI transactions.
Format ExamplesTypically in the format “username1@upi” or “username1@bank”.Typically in the format “username1@upi” or “username1@bank”.
PurposeUsed to identify and receive payments in the UPI system.Used to identify and receive payments in the UPI system.
Bank LinkingLinked to a specific bank account or Credit CardsLinked to a specific bank account or Credit Cards
User ConvenienceCan be created by the user and customized as per their choice.Can be created by the user and customized as per their choice.
ExamplesAashigupta@upi, Aashigupta@yesbankAashigupta@upi, Aashigupta@yesbank

Best Practices for Using VPA

Using a Virtual Payment Address (VPA) for UPI payments is a secure and convenient way to make payments. To ensure the best experience while using VPA for UPI payments, here are some best practices:

  1. Create a unique VPA for each transaction to ensure that the payment is secure and goes to the right person.
  2. Always double-check the VPA before making any payment.
  3. Use a strong and unique password for your UPI account.
  4. Do not share your UPI PIN with anyone.
  5. Use two-factor authentication for additional security.
  6. Keep your UPI account updated with the latest information.
  7. Monitor your account regularly for any suspicious transactions.

Following these best practices will help you make secure and hassle-free UPI payments using VPA.

Pricemint
Logo
Pricemint We would like to show you notifications for the latest Finance news and updates.
Dismiss
Allow Notifications