Know About BHIM App

What is BHIM app?

The Bharat Interface for Money (BHIM) application is a piece of the Digital India activity. It is a portable installment application that gives quick, dependable, and secure exchanges to clients and shippers all through India. The BHIM application is streamlined to encourage interoperability among banks and furthermore with other Unified Payment Interface (UPI) applications. The application is produced by the National Payment Corporation of India (NPCI).

To utilize the BHIM application, you require a cell phone, web network, and an Indian ledger that backings UPI installments. Your portable number must be enrolled with the bank to empower the UPI-based installment administrations. There are numerous banks who have chosen to take an interest in this activity so it makes it less demanding for a client to exploit the BHIM application.

How To Download The App?

Currently, the BHIM app is available only for the Android-based mobile handset and the iOS application is expected to be launched soon. The BHIM app for Android mobiles can be downloaded using the Google play store. Follow the steps mentioned below to get started:

Download the app from the Google play store
Install and open the app
The app will verify your mobile number to see if it’s registered with a bank
If your mobile number is registered for multiple banks, you will get an option to choose the account that you would use for the BHIM app
You will need to enter the card details for authentication
Choose a UPI PIN to complete the registration

How To Use BHIM App?

The BHIM (Bharat Interface for Money) application is an activity by the Government of India to encourage cashless installments. The application encourages cash exchanges between two financial balances and allows the client to make guide installments to shippers utilizing the administration. An additional favorable position of the application is installments can be made both disconnected and also web-based, taking out the problem of over and over entering classified data when utilizing a credit/check card or net managing an account.

Individuals who wish to use the app can follow the steps listed below:

Download the BHIM app from Google PlayStore and select the language of your choice.
Verify your mobile number through SMS, after which the app will verify your details.
Once the verification process is complete, you will be presented with a home screen that lists various options such as ‘Bank Account’, ‘Transactions’ and ‘Profile’.
You will be asked to set a 4 digit password, after which you will be directed to select your bank.
Choose from the list of banks provided on the app and confirm your choice.
On doing so, the app will automatically link your account details based on your phone number.
You can add multiple bank accounts to the app, but you will have to select one primary account for transaction purposes.
On selection of the primary account, you can choose to send, request or scan/pay.

How To Send Money Through BHIM?

Individuals who wish to send money to other individuals/merchants can do so by following the steps listed below:

Click on the ‘Send’ option on the home screen of the app.
Type in the phone number of the individual to whom you wish to transfer money to.
Please note that the recipient’s phone number should be verified on the app for transactions to be possible.
Type in the amount you wish to transfer and a 4 or 6 digit MPIN to verify a transaction.
Click on the ‘PAY’ tab to authorize the transfer.
You will receive an acknowledgment once the transfer has taken place successfully.

How to Request Money?

Individuals who wish to receive money from another individual can follow the steps outlined below:

Click on the ‘Request’ tab on the app’s home screen.
Type in the number of the individual you wish to receive money from.
Enter the amount you wish to receive.
The individual will receive a notification regarding your request and can choose to authorize the fund transfer to you.

How to Transfer Money Through ‘Scan and Pay’?

Individuals can also choose to make transfers through the ‘Scan & Pay’ option in the BHIM app. This process uses a QR code, which is to be scanned to authorize the transaction.

Individuals who wish to transfer/receive money through this method can use the steps mentioned below:

Click on the ‘Profile’ tab on the home screen.
Select the ‘QR code’ which is assigned to your phone/the phone of the recipient.
Click on the ‘Scan & Pay’ option.
Scan the QR code and enter the amount to be transferred.
You will receive an acknowledgment once the payment goes through.

The BHIM app can be used to transfer money to any individual or merchant who has the app installed, and with over 30 banks accessible through the app, it is fast becoming the preferred means of safe and hassle-free money transfers.

Features of BHIM app

The BHIM app provides a platform for individuals and merchants to perform transactions instantly. By using the BHIM app, you can send and receive money from a mobile number also referred to as a payment address. If an individual doesn’t have his/her number registered with the bank, payments can still be made by using the MMID and IFSC code. Technically, a registered mobile number will help you in sending and requesting money at an ultimate speed.

How Does It Work?

The BHIM app offers an advanced method of sending and receiving money. You can follow the listed steps to send and request money. The app also provides an option to scan a QR code to make payments.

Send money through the app
Open the app
Choose ‘Send Money’ option
Enter either the mobile number, payment address or the Aadhaar number of the receiver
Indicate the amount you want to send
The default bank account will be pre-selected
Provide your UPI PIN to initiate the transaction
You can also use a QR code reader to scan and pay
Request/receive money through the app
Open the app
Choose ‘Request Money’ option
Enter either the mobile number, payment address or the Aadhaar number of the sender
Indicate the amount that you need to receive
Click submit
Scan and pay – This method allows merchants and shopkeepers to accept money by scanning your QR code. You can generate a QR code easily that can be produced while making payments. The QR code will be scanned and authenticated by using a fingerprint scanner.