Banking
Payments
UPI Payments

Features of Unified Payments Interface (UPI)

Unified Payments Interface, widely known as UPI across India, is a product of the National Payments Corporation of India (NPCI). UPI serves as an amalgamation of several banking features to ensure ideal merchant payment and routing of funds. In the form of a single mobile application, UPI enables instant money transfers, access to different bank accounts, bill payments, and Quick Response (QR) code payments, to name a few. Since 2016, most banks in India have been providing UPI enabled facilities on their respective banking applications.

Key Features of UPI

  • Compared to single-factor authentication, where users provide only one factor – usually a password or PIN code, UPI has a 2 Factor Authentication (2FA) that uses an additional layer of safety – biometrics, security tokens and One-Time Passwords.
  • Virtual Payment Address (VPA) is a unique ID used to make payments through a UPI app. You will no longer have to fill in your bank details repeatedly.
  • UPI leverages an effortless onboarding process.

UPI Scan & Pay - Fast, Safe, Hassle-free

Make instant payments at stores, restaurants, or even to friends by scanning a QR code. It’s fast, safe, and hassle-free when using the digibank app by DBS on your smartphone. You can pay across a range of QR codes, from UPI QR/Bharat QR to international QR codes, with a single click, without entering a PIN*, using the inbuilt security of digibank app.

Steps to Use UPI Scan & Pay:

  1. Tap on the "Scan & Pay" icon to scan the QR code (either pre-login or post-login).
  2. Authenticate if you are not logged in.
  3. Select your DBS account.
  4. Review and confirm your payment.
  5. Done!

*DBS Bank account only.

Limits for UPI:

  • ₹1,00,000 per day for Person-to-Person (P2P) and Person-to-Merchant (P2M) transactions.
  • ₹2,00,000 per day for select P2M categories as per NPCI guidelines.
  • ₹5,00,000 for IPO subscriptions and specific MCCs (Medical & Education) as per NPCI guidelines.

Limits are subject to your account’s daily and monthly limits.

Note: You can also add and transact using your DBS Bank account on third-party apps (TPAPs) such as BHIM, PhonePe, GPay, etc

UPI Auto Pay - Worry Free Monthly Subscriptions

Never miss a bill payment again! Set up UPI AutoPay for recurring bills such as monthly OTT subscriptions, mutual funds, and more. digibank App will handle it for you.

Steps to Create a Mandate:

  1. Go to the Merchant’s app or website and navigate to the Payments page.
  2. Select “Pay by UPI” (ensure you select the UPI ID linked to your DBS account or one ending with @dbs, which is enabled for UPI AutoPay).
  3. Enter the mandate (select the auto-renew option).
  4. Accept payee-initiated mandates (a notification will be sent to the digibank app).
  5. Click on the notification. Under "Mandates," you will be able to see the request from your merchant app.
  6. Approve, and your UPI AutoPay is set!

Alternatively, you can:

  1. Go to the digibank app, scan the mandate QR, and approve.
Auto Pay

Please Note:

  • No second-factor authentication is required for transactions up to ₹15,000.
  • No second-factor authentication is required for transactions up to ₹1,00,000 for specific MCCs such as mutual funds, insurance premiums, and credit card bill payments.
  • Limits are subject to your account's daily and monthly limits.
  • You can also add and transact using your DBS Bank account on third-party apps (TPAPs) such as BHIM, PhonePe, GPay, etc.

UPI Global (P2M) - Travel without Forex

Use your digibank app UPI to make payments internationally where UPI is accepted. Travel the world and pay like a local! There’s no need for a Forex card or even a wallet when you travel abroad. Simply enable UPI Global on your digibank app for secure and hassle-free payments in select countries.

Steps to Enable UPI Global:

  1. Log in to the digibank app.
  2. Select your account.
  3. Tap on the settings icon (top right).
  4. Scroll down to "UPI Global."
  5. Toggle to enable and set the validity date.
  6. Confirm and you're done!

Steps to Transact with UPI Global:

  1. Log in to the digibank app and scan the QR code.
  2. Alternatively, tap on the "Scan" icon and scan the QR.
  3. Select your digibank account.
  4. Review and confirm the details.
  5. Payment completed!
Global (P2M)

Limits for UPI Global Transactions:

  • ₹10,000 per transaction (P2M only) as per NPCI direction.
  • ₹25,000 per day (P2M only) as per NPCI direction.
  • Limits are subject to your account’s daily and monthly limits, as well as the LRS limit.

LRS and TCS are applicable for UPI Global transactions. Refer to the terms and conditions.

Note: You can also add and transact using your DBS Bank account on third-party apps (TPAPs) such as BHIM, PhonePe, GPay, etc.

UPI Pay now Foreign inward Remittance

Seamlessly receive money from abroad using UPI. Whether you're a student or an NRI, receiving funds is quicker and easier. With the PayNow feature, you can give consent for instant inward remittance via UPI, managing it directly through our app.

Steps to Enable PayNow for Foreign Inward Remittance:

  1. Tap the hamburger menu.
  2. Select “UPI Foreign Inward Remittance.”
  3. Toggle to enable and confirm.

Limits for PayNow Foreign Inward Remittance:

  • SGD 1,000 per transaction (P2M only) as per NPCI direction.
  • Limits are subject to your account’s daily and monthly limits.

Note: This service is exclusive for DBS Bank account holders using the digibank app

Foreign inward Remittance

UPI for International Mobile Numbers

No need for an Indian SIM card anymore! With digibank UPI, you can register and use your UPI account even on your international mobile number. DBS NRI account holders can now use UPI to send and receive payments with DBS Bank UPI. Simply link your account and enjoy all UPI features.

Steps to Activate UPI Facility on International Mobile Numbers Using digibank App:

  1. Log in to the digibank app.
  2. Navigate to Account Settings.
  3. Tap on “Create New VPA.”
  4. Create a new UPI ID (select from the suggested options).
  5. Done!
International Mobile Numbers

Benefits of digibank UPI

  • DBS does not levy any transaction charges on UPI.
  • No minimum transfer limit, making it easier for even small stores to accept payments.
  • UPI is available 24/7, enabling you to make payments anytime.
  • You can use digibank to add other bank accounts and use UPI on various platforms.
  • UPI AutoPay helps manage recurring payments such as utility bills automatically.
  • UPI for international mobile numbers is available for select countries.

Make your UPI payments effortlessly with the DBS Bank app!

Introducing UPI on DBS Bank - Instantly transfer funds between any of your bank a/c's

Frequently Asked Questions

How can I register on a UPI app?
  • Download the UPI payment app of your choice from the app store on your phone.
  • Create your profile by entering your personal details, virtual ID, passwords, and such.
  • Link your bank accounts to the virtual ID by selecting the appropriate options.
  • You will also have to assign a PIN to your UPI transactions. You will receive an OTP on your bank-registered mobile number. Use this OTP and your debit card details to create the UPI PIN.
How can I transfer payment through UPI?
  • Login to your UPI app and select the option to send or transfer money.
  • Enter the beneficiary’s virtual ID (VPA) and the transfer amount.
  • Verify your details before confirming and complete the payment by entering your UPI PIN.
What is the fund transfer limit through UPI?

Currently, the maximum amount you can transfer through UPI is INR 1 Lakh.

How does UPI collect my bank information?

Regulated by the Reserve Bank of India, the UPI retrieves your bank account details linked to your registered mobile number.

My bank account got debited, but the transaction shows as failed. What should I do?

You need not do anything. The bank will initiate a refund of the amount into your bank account within an hour. In case the money is not refunded within the hour, you can get in with the customer support helpline of your bank.

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