UPI based transfer via Aadhaar OTP from 15th March

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Getting UPI services through Aadhaar will benefit those who do not have a debit card. Many senior citizens in India do not possess a debit card, but with changing times have to adapt to online modes of payment — especially after three waves of the pandemic

that digitised the entire world.

“However, this would be possible only if the UPI application is used on the same mobile which has the Aadhaar-registered mobile number and the same number is registered with the bank. NPCI had initially asked banks to comply by December 15, 2021. But due to a delay in readiness as priority was given to other product features, the timeline was extended to March 15, 2022,” National Payments Corporation of India said

Currently, most banks demand customers to download their mobile application and activate UPI via debit cards. This means that only those who have access to digital bank services can utilise the UPI feature. Many rural people, who have a bank account, still do not have a debit card and therefore cannot avail this feature at present. However, the UPI Aadhaar activation can help them make the payment system easier.

How to Activate UPI via Aadhaar

The new feature will do away with the need of a debit card altogether. This will fetch your data from the UIDAI (Unique Identification Authority of India) when you give your Aadhaar number while registering yourself for UPI.

After you enter your Aadhaar number, you will receive an OTP on your registered mobile number. However, this number should be the same one that is registered with your bank account. After you enter the OTP, your details will be verified and after successful verification, you can avail the services.

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