PM's BHIM App: 11 points you must know

New Delhi: Digital transactions will no longer be fiefdom of the rich. PM Narendra Modi wants to bring the social and economic status of the poor. And he will be empowering the ‘angutha chaap’ just by using their thumb. All this will be done by a PM’s ‘Jadoo App’.


In an another step to promote a cashless economy, PM will launch the BHIM-Aadhaar platform on Friday April 14.

BHIM App: All you wanted to know, how its is different from Paytm, other e-wallet apps

1.BHIM is a rebranded version ofUPI (Unified Payment Interface) and USSD (Unstructured SupplementaryService Data). 

2. As UPI is built on top of Immediate Payment Service(IMPS), which means transactions on BHIM app will take only seconds.

3. The app has been developed byNPCI (National Payments Corporation of India).

4 BHIM app is just 20MB in size which can be downloaded from android play store and iOS play store.

5. Once downloaded, users need to register their bank account details and set up a UPI Pin. The user's mobile number becomes the payment address.

6. Once registered, the user is all set to get going. To set UPI PIN, the user must go to Main Menu -BankAccounts -Set UPI-PIN for the selected account

7. Then the user will be prompted to enter the last 6 digits of your Debit/ATM card along with the expiry date. Then the user will then receive an OTP which user needs to enter and set your UPI PIN.

8. At the time of registration, you will be providing with the debit card details and with the use your mobile number registered to your bank account, with this details from bank account will be fetched. The government claims that all the information exchange happens over secure banking networks and no information whatsoever is stored.

9.As for transactions limits, one can transfer as low as Re 1 and a maximum of Rs 20,000 per day.However, there's a limit of Rs 10,000 per transaction.

10. Currently, the app is available for Android version 8 and above and for iOS smartphones Version 5 and above. As per government app soon will be available on other platforms too.

11. Currently, BHIM supports linking of only one bank account. At the time of account set-up, the user can link preferred bank account as the default account. In case the user wants to link another bank account, the user can do it from Main menu, choosing bank accounts and select your default account. Any money that is transferred to you using your mobile number or payment address will be credit into your default account.

The app helps eliminate the fee payments to service providers like card companies such as Mastercard or Visa, which has been a big stumbling block in the adoption of cashless payments by merchants.

(News24 Bureau)