South Indian Bank UPI

Last Updated : July 22, 2025, 5:50 p.m.

South Indian Bank’s Unified Payments Interface (UPI) through the SIB M-Pay app offers a fast, secure, and convenient way to handle digital transactions. Designed to cater to both person-to-person (P2P) and person-to-merchant (P2M) payments, this service allows users to transfer funds instantly, pay bills, and manage multiple bank accounts seamlessly using a single platform. With features like Virtual Payment Address (VPA) and QR code payments, South Indian Bank UPI ensures a hassle-free banking experience, available 24/7, even on holidays, making it an essential tool for modern financial needs.

Features and Benefits of South Indian Bank UPI

South Indian Bank’s UPI (Unified Payments Interface) service, available through the SIB M-Pay app, offers a seamless and secure way to perform digital transactions. Here are the key features and benefits:

• Multi-Account Management : Link and manage multiple bank accounts from different participating banks within a single app, simplifying your banking experience.
• Instant Transactions : Facilitates real-time fund transfers 24/7, including holidays, without the need for traditional methods like NEFT or RTGS.
• Secure Payments : Uses a Virtual Payment Address (VPA) and UPI PIN for secure transactions, eliminating the need to share sensitive bank details like account numbers or IFSC codes.
• Versatile Usage : Pay utility bills, shopping bills, restaurant bills, or set up recurring payments with ease.
• No Beneficiary Registration : Transfer funds instantly using just a VPA.
• Convenience : Supports QR code payments and in-app merchant payments, making it ideal for both person-to-person (P2P) and person-to-merchant (P2M) transactions.
• Promotional Offers : Periodic offers like the "UPI Dhamaka" campaign provide cashback and rewards for transactions and VPA creation.

How to Register South Indian Bank UPI App?

To start using South Indian Bank’s UPI service via the SIB M-Pay app, follow these steps:

1. Download the App : Install the SIB M-Pay app from the Google Play Store (not currently available on iOS).
2. Mobile Verification : Open the app, which will send an SMS to your registered mobile number for verification. Ensure the default SIM is set to the registered number if using a dual-SIM phone.
3. Confirm Mobile Number : The app will display the mobile number for registration. Confirm to proceed.
4. Set Login Credentials : Create a user ID and password or log in if previously registered.
5. Link Bank Account : Select your bank account, enter debit card details, and receive an OTP to verify.
6. Set MPIN : After OTP validation, set a 4-6 digit MPIN for secure transactions.
7. Create VPA : Choose or create a unique Virtual Payment Address (e.g., yourname@sib) to complete registration.

South Indian Bank UPI Limit per Month / per Year

• Daily Limit : The standard UPI transaction limit for South Indian Bank is up to ₹1,00,000 per day for most transactions.
• Monthly/Yearly Limit : South Indian Bank does not specify a distinct monthly or yearly UPI transaction limit, so the daily limit of ₹1,00,000 applies cumulatively. For example, with a daily cap of ₹1,00,000, a rough monthly estimate would be approximately ₹30,00,000 (assuming 30 days), but this depends on usage and bank policies.
• Special Categories : For specific transactions like Capital Markets, Collections, Insurance, and Foreign Inward Remittances, the limit is ₹2,00,000 per transaction. For Initial Public Offering (IPO) and Retail Direct Scheme, the limit is ₹5,00,000 per transaction.

How to Increase South Indian Bank UPI Limit?

South Indian Bank does not explicitly allow customers to increase the UPI transaction limit beyond the standard ₹1,00,000 per day for most transactions. However, you can:

1. Check Bank Policies : Contact South Indian Bank to inquire about any temporary or category-specific limit increases (e.g., for IPO or hospital payments, which allow up to ₹5,00,000).
2. Use Alternative Methods : If higher limits are needed, consider other payment methods like net banking or card payments, as UPI limits are fixed by NPCI and bank regulations.
3. Contact Customer Care : Reach out to the bank via customer care (details below) to explore any account-specific options for limit adjustments.

How to Send Money Through South Indian Bank UPI?

To send money using the SIB M-Pay app:

1. Log In : Open the app and enter your MPIN to log in.
2. Select Fund Transfer : Choose “Fund transfer through UPI” from the menu.
3. Enter Beneficiary Details : Input the recipient’s VPA, the amount to transfer, and any remarks.
4. Choose Account : Select the VPA linked to the bank account you wish to debit from.
5. Confirm Transaction : Verify details, enter your MPIN, and submit to complete the transfer.

How to Receive Money via South Indian Bank UPI?

To receive money using the SIB M-Pay app:

1. Log In : Access the app using your MPIN.
2. Select Collect Option : Choose “Collect via UPI” from the menu.
3. Enter Payer’s VPA : Input the VPA of the person you’re requesting money from, along with the amount and remarks.
4. Select Receiving Account : Choose the VPA/account where you want the funds credited.
5. Send Request : Submit the request, and once the payer accepts, the money will be credited to your linked bank account.

South Indian Bank UPI Customer Care Number

For any queries or issues related to SIB UPI:

• Toll-Free Number : 1800 425 1809
• Email : customercare@sib.co.in
• Branch Visit : Contact your nearest South Indian Bank branch for in-person assistance.