BHIM is expected to revolutionise how we make payments and transfer money so be ready to embrace the future of money.
We attempt to answer all your curiosity and problems in understanding the BHIM app.
What is so special about this BHIM app?
Three ways you can send money using the BHIM app
4 ways in which you can receive money through BHIM app
How to set up BHIM app in your mobile phone?
This app is going to be extensively used by shopkeepers and small businessmen to receive payment from their customers. Students can also use this app to receive money from their parents at any time. Through QR code BHIM allows you to do demand a payment from anybody by sending a Quick Response (QR) code which is a bar code having your virtual payment address. You can generate a QR code through BHIM app for a specific amount and a remark to receive money and send it to the intended person from whom you wish to receive money. When the intended person receives this request and if he has BHIM installed on his/her phone he/she can just need to authorise the payment by entering the PIN.
What if you have multiple account linked with same mobile number?
When you have same mobile number registered with many bank accounts then also you do not need to worry. After entering your PIN when you enter the BHIM app you would see MY INFORMATION tab under which you can find the third option which is Bank Account. You need enter this Bank Account option and once you enter you would find an option to change bank account at top right of the screen. It will again take you bank to the list of all banks from which you can chose your desired bank account. It allows you to quickly change bank accounts as per your requirement.
We attempt to answer all your curiosity and problems in understanding the BHIM app.
What is so special about this BHIM app?
- It is smart way of using your bank account, making and receiving payment through your mobile phone.
- It is user friendly and provides high level of convenience.
- You do not need to be a tech savvy person to use BHIM as it is so convenient that any person with basic knowledge can use it.
- It works 24 hours, 7 days a week and 365 days a year so you can use it on weekends and holidays.
- The money is transferred immediately.
- You do not need bank account details as money can be transferred using mobile number and virtual payment address also.
- You can operate multiple bank accounts linked to one mobile number with one BHIM app
Three ways you can send money using the BHIM app
- To a mobile number: You can transfer money to the mobile number of an intended beneficiary if the beneficiary has this mobile number registered in his/her bank account.
- To a VPA: You can transfer money directly to Virtual Payment Address (VPA) if the beneficiary has already become a member of UPI and generated his/her VPA.
- To a bank account: Through BHIM you can transfer money in the traditional way just as you do in case of NEFT transfer. For this you need beneficiary name, bank account number and IFSC. However unlike NEFT the money is transferred instantly through BHIM.
4 ways in which you can receive money through BHIM app
- On mobile number: You can make a request to receive money on your mobile number linked to a bank account.
- On your VPA: You can also send a request to receive money on your VPA
- To your bank account: You can give the account details like account number, account holder's name and IFSC to the sender to receive payment.
- Through QR code: You can also generate a QR code give it to the sender to enable him/her to make quick payment through BHIM.
How to set up BHIM app in your mobile phone?
- You need a smart phone if you wish to use the app.
- Currently app is offered to android phone users through Google Play Store. Later on it could be offered on iOS, Windows Mobile and BlackBerry also.
- Your mobile number must be registered with your bank account so that BHIM can automatically identify your account/s through your mobile number.
- You need to have UPI PIN for the desired bank account which you need to link on BHIM.
- If you do not have this UPI PIN then you need to keep your debit card details as you would need its last 6 digits and Valid Upto date to generate a UPI PIN through BHIM.
- If you have multiple SIM card in your mobile phone you need to be careful to chose the right mobile number when the BHIM app asks you to verify the number through SMS.
This app is going to be extensively used by shopkeepers and small businessmen to receive payment from their customers. Students can also use this app to receive money from their parents at any time. Through QR code BHIM allows you to do demand a payment from anybody by sending a Quick Response (QR) code which is a bar code having your virtual payment address. You can generate a QR code through BHIM app for a specific amount and a remark to receive money and send it to the intended person from whom you wish to receive money. When the intended person receives this request and if he has BHIM installed on his/her phone he/she can just need to authorise the payment by entering the PIN.
What if you have multiple account linked with same mobile number?
When you have same mobile number registered with many bank accounts then also you do not need to worry. After entering your PIN when you enter the BHIM app you would see MY INFORMATION tab under which you can find the third option which is Bank Account. You need enter this Bank Account option and once you enter you would find an option to change bank account at top right of the screen. It will again take you bank to the list of all banks from which you can chose your desired bank account. It allows you to quickly change bank accounts as per your requirement.
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