For promoting cashless India, PM Modi has launched a brilliant move today. Yes, in Digi Dhan Mela Event held at new Delhi’s Talkatora stadium, PM Modi launched the BHIM app. This app named after Dr Babasaheb Ambedkar will completely take care of all digital transactions. Moreover, the plus point is that BHIM would be linked directly to the bank account.
BHIM’s full form is Bharat Interfact for Money and with this Aadhaar based mobile payment app, quick transactions can be made with UPI. You can now send payments from one bank to another just with the payment address or mobile number. National Payments Corporation of India has developed this instant payment app.
What do I need for BHIM?
All that you need is an iPhone or an Android phone(Compatible). Android version 8 or above is needed to access this app. Moreover, a bank account and a stable internet connection is needed.
How to use it?
1. Register the bank account with the app and get a UPI PIN for the account. The PA or the Payment address is your mobile number.
2. Funds can be transferred instantly through payment address or a mobile number. You can also use MMID or IFSC code for sending money. If needed, there is an option of reversing payments and sending payment requests.
3. Transactions and bank balance can be checked.
4. Custom payment address can be created along with the phone number.
5. QR code can be scanned for faster entries.
6. A Maximum amount of Rs 10000 per transaction and 20,000 within 24 hours is allowed.
Here are some tweets;
#BHIM app launched and in next 2 weeks "only your thumb will be needed to make a payment," says PM @narendramodi
— Gauranga Sundar Das (@gaurangasundarD) December 30, 2016
The #BHIM app is very simple to use, and it isn't necessary your mobile phone has internet: #PMModi at #DigiDhanDelhi
— Kush Sharma (@TheKushS) December 30, 2016
https://twitter.com/ippatel/status/814817427104104448
How to download?
You can download this app from here: https://play.google.com/store/apps/details?id=in.org.npci.upiapp
This is indeed a good luck for India, how excited are you to use this app? Do share your thoughts about this move of Modi in our comments section below!