VPA: Virtual Payment Address

A person who uses the Unified Payment Interface (UPI) service to send or receive money is granted a Virtual Payment Address (VPA), which is akin to an email-ID. Fund transfers can be started via UPI without a bank account number or IFSC code. In essence, the only piece of information needed for every transaction is the VPA.

The UPI interface allows users to send money instantly and 24 hours a day to anyone who has a UPI-enabled bank account. It is a must to have a valid username, which is nothing more than a VPA, in order to successfully begin using UPI.

The VPA is a special ID that is particularly matched to the user’s bank account.
VPA: Virtual Payment Address

UPI and virtual payment address

The UPI payment system is the main way that this address is used to enable financial transactions. A bank account holder who uses a UPI payment app must have a VPA address attached to their account in order to accomplish so properly. Bank account information is replaced by VPA.
Then, without ever needing to provide any additional bank account information, this VPA can be used to transfer money directly from one account to another.

The VPA is what distinguishes the UPI payment mechanism. The VPA payment method simplifies the UPI payment method by utilising its strong feature. UPI is superior to IMPS, NEFT, digital wallets, and card payments because to VPA, which enables it to be a user-friendly mobile-based software for fund transfers.

How to Make a VPA?

  • Install a UPI-compatible app
  • Give your bank account information
  • Select a VPA
  • Connect the bank account to the VPA.
  • after verification, send details

Benefits & Uses of VPA

  • Even on bank holidays and weekends, money can be transferred and received.
  • On a 24/7 basis, money can be moved from anywhere at any time.
  • The time-consuming process of registering the beneficiary or payee is not necessary.
  • To send money, you do not need to include the payee’s bank account number or the IFSC code. Just the VPA is needed.
  • affordable and simple to use
  • Easy to use and quick transfers
  • Pay with any mobile phone-connected account that has enough funds in it to cover the transaction.
  • The ‘Pay with VPA’ option can be used to transfer money to any bank account. It is sufficient to enter the recipient’s VPA, the payment sum, and remarks.
  • While RTGS, IMPS, and NEFT are all subject to fees from a number of banks, VPA transactions made through the UPI network are essentially cost-free.
  • Your bank accounts are connected through UPI. You can create VPA for each of your UPI-enabled bank accounts using a single bank UPI app.

How do I obtain a VPA?

The UPI payment system includes VPA. So, it is available through the UPI App. The following is the procedure to obtain a VPA:
  • Get the UPI app and use your mobile number to connect it to a bank account. Utilise the cellphone number that is currently associated with your bank.
  • You must go through a mobile verification process, which is followed by a second round of verification. A grid, a security question, or another type of authentication method can be used for this verification.
  • Create a VPA for the account you gave after the final authentication is complete.
  • You are given a VPA of your choice if the availability check shows it is available, just like with an email address. Try an alternative address if it isn’t accessible.
  • Once you submit a special VPA, it is immediately authorised, and you are given a virtual payment address.

Money transfer via VPA

The introduction of the VPA and the UPI app has made the process of transferring money considerably simpler than it always was. You need the recipient’s VPA in order to send money to them via the UPI app. For a VPA money transfer, adhere to following steps:

  • Log in to your UPI app using your PIN.
  • Decide on UPI fund transfers as your preferred choice.
  • The beneficiary VPA, the transfer amount, and any comments should be entered.
  • Select the VPA that is associated with the bank account you want to use to make the payment if you have multiple VPAs, then click Submit.
  • Verify the information, then enter your MPIN to validate.

using VPA to receive payment

Anyone can ask to receive money via UPI rather than receiving cash or a NEFT. Following are the processes for using VPA to get money:

  • Download and log in to any smartphone app that uses UPI.
  • Choose UPI, then select “Collect via UPI.”
  • Write down the person’s VPA address from whom you are requesting money.
  • Give the requested sum and any further comments.
  • Select the VPA address or account where you want the funds sent.
  • Send the needed information, then wait for a response.
  • Money is credited to your preferred account after being approved by the person you are seeking it from.

What Happens During a VPA Transaction?

You must choose a UPI ID after installing an app that supports UPI in order to conduct transactions. A VPA can be your name, phone number, or the first few letters of your email address. You will always remember the VPA if you do this. VPA can be used to access a UPI-enabled app. You must link your VPA to a bank account before beginning any UPI transactions.
Additionally, you need to make sure the mobile number you registered to receive notifications on matches the one connected to your bank account. You must enter the UPI PIN after entering the VPA and the required amount to be sent or received. To make sure the right person is requesting the transaction, authentication is required.

the VPA prefixes of a few popular banks

  • @paytm> Paytm Payment Bank
  • @YBL> Yes Bank
  • @HDFC> HDFC Bank 
  • @barodapay> Bank of Baroda
  • @axis> Axis bank
  • @PNB> PNB
  • @SBI> SBI
  • @upi> BHIM
  • Suffixes for Google Pay depend on your bank.
The following table lists the VPA suffixes for a few of the most well-known Third-Party Application Providers (TPAP):
VPA Suffix
Name of Bank
YES Bank
tvam (Atyati)
Kotak Mahindra Bank
SuperPay (Chintamoney)
YES Bank
Axis Bank
YES Bank
Axis Bank
Fave (Pinelabs)
Federal Bank
State Bank of India
Axis Bank
The Cosmos Co-Operative Bank Ltd.
Axis Bank
Samsung Pay
IndusInd Bank
Make My Trip
Axis Bank Limited
Jupiter Money
State Bank of India
Google Pay
Axis Bank
FinShell Pay
Axis Bank
Axis Bank
Bajaj MARKETS (Finserv Markets)
Axis Bank
YES Bank
Amazon Pay

AutoPay UPI

UPI AutoPay has been introduced by National Payment Corporation of India (NPCI) for making recurring payments. You can use this feature to enable a regular e-mandate using any UPI app of your choice in order to make recurrent payments for things like OTT fees, phone bills, WiFi fees, Netflix, Equated Monthly Installments (EMIs), utility bills, and other things. The list of banks and their UPI partners may be found in the table below:
UPI Apps
Issuer Bank
Axis Bank
BHIM, Paytm
Bank of Baroda
GPay, PhonePe
IndusInd Bank
GPay, Paytm, PhonePe
HSBC SimplyPay
Paytm, BHIM
Paytm Bank

Limit on Google Pay UPI Transactions

  • The daily transaction limit for consumers across all UPI apps is Rs. 1 lakh.
  • In total, ten transactions are permitted each day across all UPI apps.
  • A user may request up to Rs. 2,000 from one other person.

Limit on PhonePe UPI Transactions

  • All UPI applications allow users to make a total of Rs. 1 lakh in transactions per day.
  • In total, ten transactions are allowed each day across all UPI apps.
Limit on UPI Transactions for BHIM App
Users of the BHIM App can transfer up to Rs. 40,000 from one bank account per day. The bank account that is associated with BHIM determines the UPI transfer cap. The State Bank of India (SBI) just released BHIM SBI Pay, its own mobile payment software. Both SBI account holders and account holders from other banks are able to use it.

FAQs about VPAs (Virtual Payment Addresses)

(Virtual Payment Addresses are unique identifiers for making digital payments.)

(You can create a VPA through your bank’s mobile app.)

(No, a VPA is a separate identifier for digital transactions.)

(In some cases, you can change your VPA through your bank.)

(Yes, VPAs use encryption for secure transactions.)

(Yes, you can link multiple VPAs to one account.)

(You can recover it through your bank’s app.)

(No, you can use VPAs for online shopping and bill payments.)

(VPAs are primarily used in India.)

(No, VPAs are for digital transactions, not ATM withdrawals.)

(VPAs typically don’t expire.)

(Yes, you can share your VPA to receive payments.)

(Transaction limits may vary by bank.)

(Some banks allow linking one VPA to multiple accounts.)

(Yes, you can set up recurring payments with VPAs.)

(VPAs are not case-sensitive.)

(Yes, VPAs are used for both personal and business payments.)

(You can check your transaction history in your bank’s app.)

(Contact your bank immediately to report any unauthorized transactions.)

(VPAs are typically linked to your bank’s app but can be used on various UPI-enabled platforms.)

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