Streamlining the complexities caused by demonitisation and promoting his dream of “Digital India”, Prime Minister, Narendra Modi today introduced an Aadhar based mobile payment Smart Phone Application called Bharat Interface for Money (BHIM) which appears to be a revised version of Unified Payment Interface (UPI) and Unstructured Supplementary Service Data (USSD).
The Mobile App was launched at a Digi Dhan Mela event which was held in Talkatora stadium, New Delhi. The app intends to limit the usage of debit and other payment transaction cards along with sale machines used at business units across the country.
The development of BHIM App takes place almost after 50 days of demonitisation initiative taken by the Government of India on 8 November 2016. The country has witnessed a myriad of side-effects in terms of cash payments and cash withdrawals since the crackdown on money laundering was launched. Having been named in the honour of Dr. Babasaheb Ambedkar, the App comes up with a huge respite for the citizens of the country.
The beauty of BHIM is its user-friendly features that enables a user to make payments even without internet, using a Smart Phone of worth Rs. 1,000 to 1,200.
How to Download, Install and Setup BHIM App?
- Visit Play Store using this link
- Press Install and wait for download to complete
- Open the App after successful installation
- Choose the preferred language between English and Hindi
- Press Next
- Press Next again
- Click “Allow” in case it asks for permissions
- Click “Let’s get started”
- Verify your mobile number
- Ensure that the Mobile number you type is in use and registered with your bank account.
- Choose the SIM card in case you are using a dual SIM Phone
- Press next
- The mobile number will be automatically verified
- Then enter a 4 digit pass-code
- Confirm the 4 digit pass-code
- Choose your Bank
- On choosing the Bank, a list of Bank accounts registered with the number of bank you selected will appear.
- Choose the Bank account you wish to use with the App
How to Use BHIM App ?
- Sending Money
The money could be sent using BHIM App via two methods.
Method-I: Via the Phone number or the payment address of the recipient. Ensure that the recipient is registered with UPI.
Method-II: Write the recipient’s name, account number and Bank IFSC code.
- Request Money
Money could be requested from anyone using the aforementioned methods.
- Scan & Pay
Users are enabled to generate QR code by BHIM that could be scanned by other users to make payments.
BHIM App Supported Banks
Bank of Baroda
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