What is the full form of BHIM?
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What is the full form of BHIM?
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The full form of BHIM is Bharat Interface for Money. It is a mobile application for payment, It is developed by National Payments Corporation of India (NPCI) based on the Unified Payments Interface (UPI). BHIM application was launched in December 2016. it is used for quick, hassle-free online payment directly from bank by using UPI.
There is no transaction fee from rs. 1 to rs. 100,000, and the maximum number of Transactions per day is 20.
Fund Transfer Limit
The maximum fund transfer is Rs. 20000 per Transaction,and Rs. 40000 is maximum limit in 24 hour form one bank account.
How to use BHIM application
Step-1 Firstly download and install the BHIM app from google play or Apple App store of your smartphone.
Step-2 Select the preferred language.
Step-3 Select the Phone number registered with the bank account
Step-4 Login with 4 digit Passcode.
Step-5 Select your UPI bank
Step-6 Provide your debit card details
Step-7 Now account is successfully registered and ready to use.
Features of BHIM app
It supports both Hindi and English languages.
Payment done by QR code scanning, and you can generate your own QR code to receive payments.
Provide all transaction history and pending transactions.
Provide customer support service for compliments.
Benefits of BHIM app
It is a safe and secure mode of transaction.
It helps to send and receive money from a bank account at the same time.
By using the BHIM app person can create VPA with a mobile number or name, a person doesn't need to share the account details.
24x7 transaction all around the year.
