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Module Units
- 1. Banking
- 2. Deposit Accounts
- 3. Loan Accounts
- 4. Mistakes To Avoid While Opening A Bank Account
- 5. Selecting A Suitable Savings Bank Account
- 6. Fund-based And Non-Fund based Financial Services Offered By Banks
- 7. Fixed Deposits
- 8. Recurring Deposit
- 9. Different Types Of Fixed Deposits In India
- 10. Deposit Insurance System
- 11. Circumstances Leading To Closure of Bank Accounts
- 12. Banking Transaction
- 13. Branch Banking And Online Banking
- 14. Transactions Available Through Online Banking
- 15. How To Start Online Banking
- 16. ATM Transactions
- 17. Different Types of Money Remittance Services Offered By Banks
- 18. Cheque Truncation System (CTS)
- 19. Keeping A Bank Account Secure
- 20. Safety Rules And Guidelines
- 21. Fictitious Emails, SMS And Phone Calls
- 22. Forged Notes
- 23. Ponzi Schemes
- 24. Borrowing Money
- 25. Types of Bank Loans
- 26. Credit Cards
- 27. How to use a credit card?
- 28. Importance Of Maintaining A Good CIBIL Score
- 29. Problem Of Excess Debt
- 30. Strategies To Avoid Excess Debt
- 31. Managing Money
- 32. Nomination Facility In Bank Accounts
- 33. Procedure For Making A Claim
- 34. Digital Money
- 35. Forms Of Digital Money
- 36. Debit Cards
- 37. Digital Payments
- 38. E-Wallets
- 39. Types of e-wallets
- 40. Unified Payments Interface
- 41. Benefits Of UPI System
- 42. Conclusion
Benefits Of UPI System
The introduction of UPI has brought the following benefits to customers:
- 24 X 7 X 365 availability
- Transacting using a virtual ID without the requirement to share credentials repeatedly
- Accessing multiple bank accounts through a single app
- Authentication in a single click
- Availability of help when needed
Things to remember while using UPI
Users need to make sure that the mobile phone is locked using a secure PIN or fingerprint lock. Users need to ensure that the mobile number entered in the UPI system is correct.
The UPI PIN has to be entered every time a transaction is carried out. Hence, remembering the same is essential.
Being a Banker is an interesting profession full of learning opportunities. The industry is going through a revolution across the globe especially due to the most competitive digitization initiatives. New technology comes in every now and then making the previous ones irrelevant. Staying updated will lead the pathway to staying relevant.
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