Bharat Interface for Money (BHIM) is an Aadhar Based Payment Portal initiative to enable fast, secure, and reliable cashless payments through your mobile phone. It works with other Unified Payment Interface (UPI) applications and all bank accounts. BHIM is developed by the National Payment Corporation of India (NPCI). BHIM is made in India and dedicated to the service of the nation.
This android application will reduce the usage of digital wallets like Paytm, jio money, and Airtel Money etc. Bharat Interface for Money (BHIM) android app is now available in Google Play store. National Payments Corporation of India (NCPI) is going to launch an iOS version of the same soon. The Aadhaar-based mobile payment application allows people to make digital payments directly from their bank accounts.
The BHIM app is a new version of the Unified Payments Interface or UPI app that aims to minimize the use of debits and credit card besides allowing people from rural areas make payments without the need of a Smartphone or mobile data. By using this android app user can make payments simply by using their Aadhar number, bank name, and fingerprint.
Download BHIM Android App on Google Play store
How does BHIM app Work?
First of all, we need to install the app on Smartphone and register by filling in relevant details like bank name, account number etc. Follow this by generating a UPI pin from the app. In order to do so, you would need to feed the app with the last 6 digits of your debit/credit card and an OTP will be sent to your registered number. Then you can enter this OTP and set up your UPI pin. Apart from that the BHIM app won’t be charging users to making payments using the app,
The Aadhar based BHIM app is very useful and worth full compare to PoS machines. The BHIM app further allows users to send money to non-UPI supported banks. These include
Axis Bank, Bank of Baroda,
Bank of India,
Bank of Maharashtra,
Catholic Syrian Bank,
Central Bank of India,
Indian Overseas Bank,
Karur Vysya Bank,
Kotak Mahindra Bank,
Oriental Bank of Commerce,
Punjab National Bank,
South Indian Bank,
Standard Chartered Bank,
State Bank of India,
Union Bank of India,
United Bank of India,
Important Features of BHIM android App:
Simple User Interface:
As the government is mainly focussing on the users who aren’t familiar with online banking, BHIM has an exceedingly simple interface. There are three main buttons for sending, receiving and generating QR code. Below that, there are options for viewing past transactions, profile, and bank account.
Not a Digital Wallet:
BHIM is not a Digital Wallet like Paytm and Freecharge mean you don’t need to load any money as it’s directly connected to your bank account. Therefore, whenever you transfer or receive money, your account will be automatically updated.
Transfer money to all banks:
In case, the receiver’s bank doesn’t support UPI which is actually quite unlikely since almost every other bank is compatible from Axis Bank to Bank of Baroda, money will be sent through IFSC (Indian Financial System Code), à la normal net banking.
For users who don’t want to reveal their phone numbers, a QR code can also be generated from the app which can be scanned by the sender to make the payment.
The cashless future mainly depends on the people who currently don’t own a smartphone as everyone else has gradually boarded the digital bandwagon after the cash crunch issue. Keeping that in mind, the NCPI has adapted USSD (Unstructured Supplementary Service Data) platform. Hence, they can access these features by dialing a number which in this case is, *99#.
Just like most other similar services out there, BHIM also has a daily limit – you can transfer a maximum of Rs. 10,000 per transaction and Rs 20,000 in total.
Aadhar-Connected Bank Account:
BHIM utilizes your Aadhar card information for quickly authorizing these connections. Hence, your bank account will have necessarily have to be linked with it.
Send / Receive Money:
Send money to or receive money from friends, family, and customers through a mobile number or payment address. Money can be sent to on-UPI supported banks using IFSC and MMID. You can also collect money by sending a request and reverse payments if required.
You can check your bank balance and transactions details on the go.
Transaction Limits: Maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours.
Language supported: Hindi, English and More languages coming soon.
For more information: visit https://upi.npci.org.in/static/faq/en_US/