UPI vs SWIFT Code Key Differences, Uses and How to Find Your UPI ID & SWIFT Code in India

✅ What is UPI?

UPI = Unified Payments Interface
🔹 Country: India 🇮🇳
🔹 Purpose: Real-time bank-to-bank money transfers using a mobile phone.

💡 Key Features:

1. Instant payments (24/7, even on holidays)
2. No need for bank account number or IFSC — just a UPI ID (like yourname@bank)
3. Used for sending money, paying bills, online shopping, donations, etc.

⏰ When is UPI useful?

1. Paying at shops, street vendors, or online
2. Sending/receiving money between friends or family instantly
3. Auto-payments (like subscriptions or utility bills)
4. Donations and government payments
   
   
   
   
   
   
   

🌐 Popular UPI Apps:

1. PhonePe
2. Google Pay
3. Paytm
4. BHIM App
5. Many Indian bank apps

✅ What is SWIFT Code?

SWIFT = Society for Worldwide Interbank Financial Telecommunication
🔹 Used internationally for transferring money between banks.

💡 Key Features:

1. A SWIFT code is a unique ID for a bank in international transactions (like a bank’s "international address").
2. Typically used for wire transfers, foreign remittances, or business payments.

🔢 Example of a SWIFT Code: HDFCINBBXXX

1. HDFC = Bank name
2. IN = Country code (India)
3. BB = Location
4. XXX = Branch

⏰ When is SWIFT useful?

1. Sending or receiving money internationally
2. Paying for international purchases or tuition
3. Receiving remittances from abroad

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🧾 Summary Table

Feature	UPI	SWIFT Code
Used in	🇮🇳 India only	🌍 International transactions
Transfer Type	Real-time, domestic	Slower, cross-border
Speed	Instant (seconds)	1–5 business days
Needed for	Everyday payments, bills, P2P	International wire transfers
Identifier	UPI ID (like name@bank)	SWIFT code (8–11 alphanumeric)

 

🔍 How to Find Your UPI ID and SWIFT Code

✅ How to Find Your UPI ID (for Indian Banks)

A UPI ID (also called a VPA – Virtual Payment Address) usually looks like this:

yourname@bank
example: raj123@okaxis

📲 How to find it:

Step-by-step (using most apps like Google Pay, PhonePe, Paytm):

1. Open your UPI-enabled app (e.g., Google Pay, PhonePe, BHIM, Paytm)

2. Go to your Profile or Bank Account section

3. Tap on your linked bank account

4. You’ll see your UPI ID

5. You can usually create more UPI IDs or change them if needed

🧾 How to Use UPI ID:

1. To receive money, just share your UPI ID with someone
2. To send money, type their UPI ID and confirm their name before paying
3. Works for:
1. Bill payments
2. Donations
3. QR code payments
4. Shopping online and offline

✅ How to Find Your Bank’s SWIFT Code (for international transfers)

🏦 Option 1: Look it up online

Search:
"SWIFT code for [Your Bank Name] [City or Branch]"

Example:
SWIFT code for HDFC Bank Mumbai

You’ll get something like:

HDFCINBBXXX

🧾 Option 2: Check your bank statement or contact your bank

SWIFT codes are usually on:

1. Your bank’s website
2. Your bank account statement
3. Or just ask customer service

🌍 How to Use a SWIFT Code:

If someone wants to send money to your Indian account from abroad, they’ll need:

1. Your bank name
2. Your account number
3. The SWIFT code of your bank
4. Your full name as per the bank records

🧠 Quick Tip:

Task	Use This
Pay a friend in India instantly	✅ UPI
Receive salary from a US company	✅ SWIFT
Buy groceries in India	✅ UPI
Send money from UK to Indian bank	✅ SWIFT

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