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How to download BHIM App and Process of using BHIM App Explained In Detail

Prime Minister Narendra Modi has launched a UPI (United Payments Interface) based BHIM app on Friday. This Bharat Interface for Money (BHIM) app is a straightforward UPI app, which allows making simple digital payments directly from the bank account. Unlike wallet, this UPI-based app lets’s anyone make or receive payment through online banking, whereas wallet services require loading money before using it.

“Be it a smartphone or feature phone of Rs 1,000-1,200, BHIM app can be used. There is no need to have Internet connectivity. One only needs a thumb. There was a time when an illiterate was called ‘angutha chchap’. Now, time has changed. Your thumb is your bank now. It has become your identity now,” says PM Modi.

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A user can pay or receive money by just scanning QR code. All payment done using the app are secure through the network of Unified Payment and instantly gets credited into your bank account. Here we explain you detail BHIM app process for your convenience.BHIM app is now available on Android platform. You can get it from Google Play Store.Soon, the app will be made available to iOS and Windows platform.

How to download BHIM App:
  •  Visit Google Play Store on your android mobile
  •  Search for BHIM App in the store
  •  Hit Install button
  •  The app will be installed on your Android device.
  •  Click open to use the BHIM App

After completing the installtion of BHIM app process, the user has to register his/her bank account to the app and set up a UPI Pin for it. Once you get register with the Application, you can start making transactions by using BHIM app.

Besides the app, users can access interface by using USSD from feature phones. Dial *99# from your feature phone to access it. However, you don’t need any Internet connection for this method.

Many people are in a doubt that how to send money using bhim app or how to receive money using the bhim app. To assist you people we are providing the detailed explanation and process of using Bhim app.

How to use the BHIM app to send or receive money?

The app provides privilege to send to receive money from anyone through a mobile number (payment address). Users can also send money to non-UPI supported banks by using MMID and IFSC code. Collecting money by sending a request and reverse payments are also enabled if required.

You can access your money through the BHIM app as it supports all major banks. Here is the list of Banks which supports BHIM app.

Complete list of Banks which supports BHIM app 
  •  Allahabad Bank
  •  Andhra Bank
  •  Axis Bank
  •  Bank of Baroda
  •  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
  •  Vijaya Bank
  • Bank of India
  • Bank of Maharashtra

SBI Pay App Launched for Android Powered by UPI; Non-SBI Customers Can Register too

State Bank of India (SBI) is the one of the largest bank in India having more than 200 million customer base and 5.2 million users who are using the mobile banking customers.  Now they had finally launched their own UPI (Unified Payment Interface) based app called ‘SBI Pay’.

SBI has become the 18th Bank of India to have their UPI application for the payments and shopping, and there are 30 banks accepting UPI-based payments.

After the announcement from Narendra Modi regarding the currency ban two weeks earlier, analysts were expecting the SBI’s UPI application to be launched as soon as possible. They considered that cashless push would become the major objective during the demonetization and it might be better if it has launched the app earlier. Currently, in India, One-fourth of all the bank customers are from India are on SBI’s Platform.

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Already other banks like HDFC Bank, Axis Bank, ICICI Bank, and 15 other banks has launched their UPI application.

Chairman of SBI, Arundhati Bhattacharya says, “With the current demonetization drive of the government and the push towards digital or cashless payments, SBI Pay is expected to be a game-changer in the digital payment ecosystem as the bank has the largest customer base in the country,”

NPCI (National Payments Council of India) is yet to come up with the details of the UPI app for iOS platform because SBI hasn’t launched the iOS version of the application. Currently, they had released only for the Android Platform which is available on the Google Play Store.

NPCI is targeting to take up the number of transactions to one million by the March of next year. Currently, the registered users are two million per month, and they want to go up now to three million within a month.

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Using the UPI, the customer can transfer money to another person through the unique virtual address, (It is nothing but aliases to the bank account and allowing the customer’s account mapped uniquely), mobile number or Aadhar number. With this the customer doesn’t require the Bank accounts details and IFCS code which makes the process much simpler than before.

UPI is built based on the existing Immediate Payment Service, or IMPS; this will make you the real-time transfer of money 24×7 which is irrespective of the bank. With the release on this new UPI powered SBI Pay app also allows the non-SBI users to can also register.

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Download and Install UPI App and Do Cash Less transactions Upto One Lakh

RBI Governor gifts UPI App which helps to do a cashless transaction. NCPI (National Payments Corporation of India) got ready and introduced UPI app (Unified Payment Interface) where you can do bank transaction with you Smartphone.

Raghuram Rajan says by using UPI App, and you can do endless transaction up to one lakh just with your Smartphone. UPI is integrated with all 29 Banks app. By using your unique virtual address created by the time of your registration in UPI.

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NCPI has worked on UPI development since Feb 2015 under Nandan Nilekani, the former chairman of UIAI and co-founder of Infosys.

What are the Uses of UPI App

After registering in UPI app with your bank, it will generate a unique virtual address that will map with the mobile phone. And also the user can transact money with friends, family, merchants and even with delivery boys that avoid cash transactions. It seems that UPI App is equivalent to Bank Apps having IMPS (Immediate Payment Service).

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How to get UPI App on you Smartphone

  • Download UPI application from PlayStore
  • Install on the phone
  • Set app Login
  • Create a Virtual Address
  • Add your Bank Address
  • Set M-PIN
  • Start transacting using UPI

Advantages of Using UPI App

  • Real-time settlement of funds
  • Send money using virtual ID
  • No need to share or remember account details
  • Add multiple bank accounts on the same application

Note: UPI (Unified Payment Interface) allows users to transact as low as from ₹ 50 and to high ₹ 1 Lakh

Download Official UPI at Google PlayStore and We will give updates if any.

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