AU SFB Launches UPI for NRE, NRO Account Holders with International Mobile Numbers

Current Context: AU Small Finance Bank launched Unified Payments Interface (UPI) services for Non-Resident External (NRE) and Non-Resident Ordinary (NRO) account holders on August 20, 2025.

• This facility allows NRIs to use UPI with international mobile numbers, without needing an Indian SIM.
• It is available in 12 countries including the United States, United Kingdom, United Arab Emirates, Canada, and Australia.
• Supported apps include Google Pay and PhonePe.
• As per AU SFB’s rollout, Android users face a ₹5,000 limit for the first 24 hours, while iOS users have the same limit for 72 hours—after which the daily limit rises to ₹1,00,000.

Question:

Q.1 On 20 August 2025, which bank launched Unified Payments Interface (UPI) services for Non-Resident External (NRE) and Non-Resident Ordinary (NRO) account holders?
a) AU Small Finance Bank
b) ICICI Bank
c) HDFC Bank
d) Axis Bank

Answer: a) AU Small Finance Bank (AU SFB) became the first to enable UPI services for NRE and NRO accounts, expanding access to NRIs.