In a major push to popularise cashless transactions in India, Prime Minister Narendra Modi on Friday launched BHIM, an app that will take care of all the pain points related to digital transactions. It also kills, if it works as intended, apps like Paytm and MobiKwik because BHIM will directly connect to your bank account. At the same time, it is very simple to use. Or at least that is how it seems right now.

With all this said, it is obvious that you will have questions about BHIM. This is something new. But worry not, here are all the answers:

What is BHIM?

BHIM stands for Bharat Interface for Money. It is an app that lets you make quick transactions using UPI. The payments are made directly from bank account to bank account using just mobile number or payment address. The app is actually has been built on top of UPI, that is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI-regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties bank accounts.

What do you need to use BHIM?

To use BHIM you need a compatible Android phone or an iPhone. Almost all smartphones launched in last couple of years are compatible, according to the Google Play store where the app is available. Although there is some erroneous communication from the government over the Android support. It says Android above version 8 is required, while Android is still in version 7. But that seems to be some technical issue. India Today Tech has checked and the app is compatible with almost all recent Android phones.

To use BHIM you also need a bank account and working internet connection in your phone.

How can I get it on my phone?

Download the BHIM app by the National Payments Corporation of India (NPCI) on Google Play to start using the free Android app. The app will soon come to the iOS platform.

Does it work on feature phones?

Apart from an app, the interface can be accessed using USSD (Unstructured Supplementary Service Data) from feature phones – you will need to dial *99# to access it. With this method, an Internet connection will not be required.

How does it Work?

  • You have to register your bank account with BHIM, and set a UPI PIN for the bank account. Your mobile number is your payment address (PA), and you can simply start transacting.
  • You can send, receive from friends, family and customers through a mobile number or payment address. Money can also be sent to non 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.
  • You can create a custom payment address in addition to your phone number.
  • You can scan a QR code for faster entry of payment addresses. Merchants can easily print their QR Code for display.
  • Maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours is allowed under this.
  • The app supports Hindi and English, and more languages will be added in coming times.

Important to note:

  • Transactions happen instantly.
  •  Transactions happen 24 X 7. The BHIM app works even if you have not enabled mobile banking on your bank account.

Which banks support this?

All the major apps are supported by the BHIM app – as long as the bank supports UPI, you will be able to access your money through the BHIM app. The list of supported banks is: Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Catholic Syrian Bank, Central Bank of India, DCB Bank, Dena Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC Bank, Indian Bank, Indian Overseas Bank, IndusInd Bank, Karnataka Bank, Karur Vysya Bank, Kotak Mahindra Bank, Oriental Bank of Commerce, Punjab National Bank, RBL Bank, South Indian Bank, Standard Chartered Bank, State Bank of India, Syndicate Bank, Union Bank of India, United Bank of India, Vijaya Bank.

Are there transaction limits?

There is a maximum of Rs. 10,000 per transaction permitted, and Rs. 20,000 within 24 hours.

What happens if you lose your phone?

Your money is safe. Or at least that is what the government says. If you lose your phone, the UPI-PIN required to authorise all transaction will not be known to third persons and hence they will not be able to use Bharat Interface for Money.

Narendra Modi Speech Digidhan BHIM App Launch –

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