Everything you need to know about virtual payment address

Virtual Payment Address aka VPA often known as an email address, is assigned to a person who sends or receives money via the Unified Payment Interface (UPI) service. UPI allows fund transfers to be initiated without the use of an IFSC code or a bank account number. As a result, VPA is the single data point necessary for all transactions. 


Users can utilise the UPI interface to send money to any bank account holder 24 hours a day, seven days a week. To get started using UPI, you must first generate a legitimate login, which is nothing more than a VPA. The VPA is a one-of-a-kind ID that is accurately linked to the user’s bank account.

How to Make a VPA

  • Install a UPI-enabled app.
  • Please provide your bank account information.
  • Select a VPA
  • Connect your VPA to your bank account.
  • After verification, submit the details.

VPA Applications and Advantages

  • Even on bank holidays and weekends, money can be sent and received.
  • Funds can be transferred from anywhere, at any time, 24 hours a day, seven days a week.
  • It is unnecessary to go through the time-consuming process of registering a beneficiary/payee.
  • There is no need to use an IFSC code or provide the payee’s bank account number to send money. The VPA is the only thing that is required.
  • Economical and simple to use
  • Transfers that are easy to use and quick

How do I obtain VPA?

  • Install the UPI application and connect it to a bank account using your mobile number. Use the mobile number that is already on file with the banking institution.
  • After this, you’ll have to go through a mobile verification process, followed by another verification round. Verification can be done in the form of a security question, a grid, or any other type of authentication technique.
  • Create a VPA for the account you gave once the final authentication is complete.
  • As with email addresses, you are assigned a VPA of your choice if the availability check confirms that it is available. If it is not available, try another address.
  • When you provide a unique VPA, it is instantly approved, and you are given a virtual payment address.

Money transfer via VPA means

  • Enter your PIN to access your UPI app.
  • Choose UPI as your preferred method of fund transfer.
  • Enter the beneficiary VPA, the amount to be transferred, and any additional comments.
  • If you have multiple VPAs, select the one associated with the bank account from which you want to pay and click Submit.
  • To validate, confirm the details and enter your MPIN.

Receiving funds through a VPA

  • Install and sign in to any UPI-based mobile app.
  • Choose UPI, then click “Collect via UPI.”
  • Enter the VPA address of the person from whom you are requesting funds.
  • Give the requested amount and make any additional comments.
  • Select the VPA address/account to which you want the funds transferred.
  • Submit the requested details and wait for approval from the other end.
  • The amount is credited to your chosen account once approved by the individual from whom you are requesting funds. Click here to know about e-rupi digital payment app

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