How to Link My Online Current Account with Google Pay?
Posted on Wednesday, April 17th, 2024 | By IndusInd Bank
While working professionals and employees have savings accounts, businesses use current accounts for day-to-day transactions. Organisations open current accounts to manage the cash flow. Current accounts are tailor-made for catering to specific business needs.
Linking your Current Account with GPay
The answer to the question “Can a current account be linked to GPay?” is yes. You can link GPay with a current account (or any type of bank account, for that matter). For that, please ask your bank if it supports UPI transactions. While UPI has become common nowadays in the banking sector, it is prudent to check with the bank before you.
How to link GPay with a Current Account?
The steps involved in this process are:
- Install GPay and log into your account
- Add the bank account by clicking on the option
- You will see a list of different banks on the screen. Click on your bank
- GPay will verify your mobile number and check for the account associated with your number
- After verification, GPay will add your current account
Regardless of the type of current account, linking them to GPay will simplify your banking experience. So, install it on your phone as soon as possible.
Also Read: Can current account holders use UPI?
Why Link a Current Account with GPay?
Linking your current account with GPay has the following advantages:
● Contactless Payments:
UPI usage rose during the pandemic when people avoided cash to avoid contact of any kind. GPay and other UPI apps replaced cash payments with QR payments.
● Instant Payments:
UPI payments are over in seconds, meaning you can complete your business payments instantly, saving time.
● Better Tracking:
UPI apps have done more than just revolutionised payment options. With these apps, you can also track your expenses effectively. In GPay, you can click “See transaction history” and access all the payments you made in a month. Apart from transaction history, you can also check the account balance and CIBIL score for free.
● No Debit Cards:
Using GPay to pay through your current account reduces debit card usage, which reduces the risk of losing it.
● Zero Transaction Fee:
There is no transaction fee for paying and receiving money through UPI. Furthermore, the entire process is over in seconds, making GPay quick and cost-effective.
There are numerous other advantages of linking GPay with your current account. You can learn about them by simply searching “current account GPay”.
Hope this blog has helped you to understand the process of linking your current account with your GPay account.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.