How to Add Money via UPI Transfer to Your Vauld Account

Interested in making a crypto investment through Vauld, but confused about how to add money to your Vauld account via a UPI transfer? This comprehensive guide will walk you through the process, providing step-by-step instructions and useful tips. By the end of this article, you'll have a clear understanding of how to utilize the UPI payment method to deposit funds directly to your Vauld wallet.

Why Can't I Use UPI Directly?

At present, due to regulatory and technical challenges with the banks, you are not able to deposit money directly into your Vauld account via UPI (United Payments Interface). The only viable alternative for making deposits is P2P (Peer-to-Peer) fund transfers. Ensure that you check out relevant articles and videos to gain a better understanding of this process.

Exploring Alternative Methods

Net banking is another method you can use to add money to your Vauld account if it is enabled on your bank account. Although there is no direct UPI option, using net banking should be a more accessible alternative. However, please be aware that the availability and success of this method may vary depending on your specific financial institution.

Steps to Complete a UPI Deposit Through Alternative Methods

Open Your Vauld App and Log In: Begin by opening the Vauld app and logging into your account. Initiate the Deposit Process: Tap on the deposit button within the app. Select UPI as Payment Method: Choose the UPI option to proceed with the transaction. Obtain the Payment Address: Note the payment address from Vauld's UPI service. Transact via UPI App: Open your preferred UPI app such as GPay, Paytm, etc., and initiate a transaction using the copied payment address. Enter the Desired Amount: Input the amount you wish to transfer and complete the transaction. Verify the Transfer: Log back into your Vauld app to check your account balance and confirmation of the deposit.

Understanding UPI Transfer Process

To better understand how UPI transfers work, let's dive into the process in more detail. When you open any UPI app and attempt a bank transfer, you will typically see a pop-up window similar to the one shown below, using Paytm Payments App as a reference.

Select your preferred method and enter the necessary details. Once confirmed, your transfer will be processed.

Current Limitations and Future Prospects

As of the current date, the UPI transfer option remains disabled due to increased server pressure on the banks that serve as partners for UPI services. Additionally, Vauld currently accepts INR deposits from a limited number of banks. It is hoped that new deposit options will be introduced in the future to accommodate a broader range of users.

Conclusion

While direct UPI transfers may not yet be available for adding funds to your Vauld account, alternative methods such as net banking or P2P transfers are available. By following the outlined steps and staying informed about potential changes, you can successfully manage your investments through Vauld. Remember to leverage the power of crypto to grow your wealth.

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