Prime Minister Narendra Modi on Friday launched a UPI (United Payments Interface) based app called BHIM, short for Bharat Interface for Money. The BHIM app is a straightforward UPI app, which would allow anyone to make simple digital payments directly from their bank account, and it is now available for download.
Using the BHIM app, money can also be sent to non-UPI banks through IFSC, like you do with normal net banking.
The app allows any person to securely SEND and RECEIVE money through online banking transaction system, which means you will have to have a bank account plus the e-banking facility activated, to take advantage of the BHIM app.
The app also allows merchants to pay or receive money by simply scanning a QR Code and the money is debited or credited to your bank within 24 hours. It even allows you to print the QR code for quick check-outs.
How to download BHIMP app?
Download the BHIM app by the National Payments Corporation of India (NPCI) on Google Play to start using the free Android app.
BHIM app is presently now available on Android and will come to iPhone 'soon'.
How do I use BHIM app?
After you download the BHIM app, you'll have to register your bank account through the app, and set a UPI PIN. Your mobile number is your payment address, and you can start transacting. Through the app, you can send or receive money to a phone number, check balance, or scan a QR code to make a payment without sharing a phone number.
Using the BHIM app, money can also be sent to non-UPI banks through IFSC, like you do with normal net banking.
Does the BHIM app work on feature phones?
Apart from the Android app, the interface behind the BHIM app can be accessed using USSD (Unstructured Supplementary Service Data) from feature phones - you will need to dial *99# to access it. With this method, an Internet connection will not be required to use the core functionality behind the BHIM app.
All the major banks are supported by the BHIM app - as long as the bank supports UPI, you will be able to access your money through the BHIM app.
The list of banks supported by the BHIM app is as follows:
- Allahabad Bank
- Andhra Bank
- Axis Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Catholic Syrian Bank
- Central Bank of India
- DCB Bank
- Dena Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- IDFC Bank
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Karnataka Bank
- Karur Vysya Bank
- Kotak Mahindra Bank
- Oriental Bank of Commerce
- Punjab National Bank
- RBL Bank
- South Indian Bank
- Standard Chartered Bank
- State Bank of India
- Syndicate Bank
- Union Bank of India
- United Bank of India
- Vijaya Bank
What are the BHIM app transaction limits?
There is a maximum of Rs. 10,000 per transaction permitted, and Rs. 20,000 within 24 hours.
Source:gadget360
There is a maximum of Rs. 10,000 per transaction permitted, and Rs. 20,000 within 24 hours.
Source:gadget360
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