Know About BHIM App Online Payments Launched By PM Narendra Modi

By | December 31, 2016

Know About BHIM App Online Payments Launched By PM Narendra Modi

Know About BHIM App Online Payments Launched By PM Narendra Modi

PM Narendra Modi launched the Bharat Interface for Money app used for digital money transactions based on Unified Payment Interface.

Know About BHIM App Online Payments Launched By PM Narendra Modi

Know About BHIM App Online Payments Launched By PM Narendra Modi

BHIM is not a mobile wallet like Paytm or MobiKwik because we can store only limited money in those apps. Also, the money can be sent to only specific users of the respective apps. But, in the case of BHIM, we can directly link it to our bank account.

Also, if we want to transfer money to others, it is not necessary for them to have an app. All they need is a bank account to receive payment. This useful app is developed by National Payment Corporation of India (NPCI).

How to Setup BHIM?

  • At first, the app verifies the phone number automatically.
  • Please make sure that the phone number used for transactions must be the same phone number registered with your bank account.
  • Now, we have to set a passcode and it is used for everytime you open the app.
  • Then, the app lets you choose your preferred bank and it sends an SMS to get started.

  • After choosing your bank, UPI gets activated and you can transfer the money further.
  • If UPI is not activated, you can type your debit card number and expiry date to crate a new UPI code.

How to transfer Money?

 

  • If you want to transfer money, type the mobile number or the bank VPA address. It verifies to whom you are sending the money and later we can transfer by typing the amount and click pay.
  • If the other person doesn’t have UPI, we can send by entering the details of Account number and IFSC code to transfer money.

The app allows you to check the bank balance directly from the mobile. Moreover, there is a limit of Rs 10,000 per transaction and 24 hour limit of Rs 20,000.

 

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