BHIM APP-Bharath Interface For MoneyFree Download For Andriod & IOS Mobiles:
Bharat Interface for Money (BHIM) is an initiative to enable fast, secure, reliable cashless payments through your mobile phone. BHIM APP is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts for quick money transfers.National Payment Corporation of India (NPCI) developed cashless Payment App i.e. BHIM the. BHIM is made in India and dedicated to the service of the nation.This is the part of the digital India Campaign which was introduced by our Prime Minister Sri Narendra Modi.PM Modi said that BHIM will be the world’s biggest wonder.BHIM APP is similar to like mobile payment apps Paytm, Mobikwik, Freecharge and other mobile payment apps which have become more popular when the government has banned the 500 and 1000 rupee notes due to demonetization on November 8, 2016.
BHIM APP Benefits:
BHIM allow users to send or receive money to other UPI payment addresses or scanning QR code or account number with IFSC code or MMID (Mobile Money Identifier) Code to users who do not have any unified payment interface account.
BHIM allows users to check current balance in their bank accounts and to choose which bank account to use for conducting transactions, although only one can be active at any time.
Users can create their own QR code for a fixed amount of money, which is helpful in merchant — seller — buyer transactions.They can also have more than one payment address.
If the 12-digit Aadhaar is listed as a payment ID on the BHIM app will not require any biometric authentication or prior registration with the bank or Unified Payment Interface (UPI).
Version 1.3 allows the user to use mobile numbers from their contact book to send money and also save payment addresses for future use without needing to type the address again. A user can also check the Previous Transaction History by Tapping Transaction Box. Here only the transaction through BHIM shown.
How BHIM APP Work:
Register your bank account with BHIM, and set a UPI PIN for the bank account. Your mobile number is your Payment Address, and you can simply start transacting. It is simple to make payments easily and make Cashless Payments or receive money from friends, family, and customers through a mobile number or payment address. Money can also send using mobile number, Aadhar number, IFSC Code to one account to another account.You can check your bank balance and transactions details on the go.A customer can also create a payment address in addition to your phone number.
Key Features Of BHIM APP:
Balance Check :
Customers can check their bank balance details and transactions details on the go. Payment Address: A customer can create a payment address in addition to your phone number.
The main feature of the app is having QR Code. If the money will send very quickly then you can scan a QR code for faster entry of payment addresses.
In this customer can Block/Spam users who are sending you to collect requests from illicit sources.
By using Aadhaar number can also send money to one account to another. Transaction Limits: Per transaction maximum limit of Rs. 10,000 Per day maximum transaction limit of Rs. 20,000 Language
English, Hindi, Malayalam, Tamil, Telugu, Marathi, Gujarati, Punjabi, Kannada, Bengali, conductingAssamese and Odia.
How To Download BHIM APK:
After Demonetization the E-wallet app PayTm usage has become high everywhere. The PayTm has hugely used Even at small stalls. present days the Government has planned for digital transactions and cashless economy. Also to encourage the digital payment system the Government has recently introduced the cash prizes for transactions on various cards like RuPay card, USSD, and other cards.Present days government has also the conduct these type of Digi Dhan Melas in every states in various urban areas to teach and advantages of cashless transactions. At digidhan mela PM launched “BHIM” which remains for Bharat Interface for Money, the app is produced by National Payments Corporation of India (NPCI) and is accessible for Android Smartphones.
BHIM APP Limitations:
There are certain limitations of BHIM. These can be a disadvantage for some people but because of these limitations BHIM app is very simple.
One of the major limitation is that you can add only one bank account at a time.
You can have only two Virtual payment address. The אָrst would be default containing your mobile number while you can set the second VPA.