•Fund Transfer Without knowing the Bank Account Number.
•The VPA (Virtual Payment Address) is a unique address given to every person who registers into a UPI app. The people, who download the Dena E- UPI app would be able to create the VPA of his choice. The suffix of the VPA would be @denabank.
•Collect Money through the VPA (You can also collect money from a person who uses the UPI app. By giving the VPA of the person you can ask an amount through the UPI app. The UPI app of that person would notify about the payment. The person can pay the amount immediately).
•Create VPA as much as you want (You can create the virtual payment address as much as you want. There is no restriction. You can give different VPA to different people. You can also delete a VPA if required. It makes your account fully secure).
Benefits of UPI:
1.Cheapest Way of Money Transfer.
2.Dena E-UPI makes you free from Cash
3.No Need to Give Details such as card no., validity, cvv for online transactions.
4.24 X 7 availability.
5.Single app for accessing different Bank accounts (One Dena E-UPI App Many Accounts).
6.Single click authentication.
7.No timeout scenario
8.Secure Virtual ID.
9.Instant Fund Transfer. No restriction of holiday or working hours.
10.Immediate Registration of Payee
11.You do not require the bank account number and IFSC code of the recipient. Knowing beneficiary VPA is enough for transfer of funds.