BHIM App Launched
Moving towards a cashless society we were looking a step from the Government to launch a app or something that let us not rely on the apps like Paytm,Freecharge alone and give us a safe,Security rich app and that too from the Government side.And finally we have a app named as BHIM(Bharat Interface for Money/Mobile) just launched yesterday by our Prime Minister Narendra Modi .This works only for the banks which suppourt UPI(Unified Payment Interface).Money can also be Transferred to Non UPI suppourted banks via IFSC and MMID.
The App has been developed by the National Payments Corporation of India (NPCI).
HOW IT WORKS?
- 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.
- Send money to or receive money 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.
- Check Balance: You can check your bank balance and transactions details.
- You can scan a QR code for faster entry of payment addresses. Merchants can easily print their QR Code for display.
- BHIM app doesn't even require an Internet connection since it can also work on simple feature phones.
- UPI-based BHIM app will enable people to send and receive money through their mobile phones by linking their bank accounts and getting a UPI PIN number.
- LANGUAGES:-HINDI AND ENGLISH MORE WILL BE UPDATED AS THE APP GETS MORE ADVANCED.
The banks that support BHIM on their system:- 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 and Vijaya Bank.
ARE THERE ANY CHARGES/FEES WHICH WE HAVE TO GIVE?
As of now there is no such fee levied on the user but later your bank may levy a nominal charge as UPI or IMPS transfer fee.
And as usual there are some LIMITS
- Maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours
THE APP IS STILL BEING UPDATED AND HAS SOME BUGS LIKE VERIFYING YOUR MOBILE NUMBER.
THE SECURITY FEATURE IS,FOR THE TRANSACTIONS/PAYMENTS TO TAKE PLACE YOU CAN USE THE FINGERPRINT SENSOR ON YOUR SMARTPHONES AND FOR THOSE WHO DO NOT HAVE ONE CAN DO IT VIA THE USE OF SECRET PIN THAT WORKS AS A PASSWORD.
TO KNOW MORE ABOUT BHIM:-OFFICIAL SITE
