PM Modi launches UPI enabled BHIM App to facilitate cashless transactions


After giving the country a financial earthquake in the process of fighting corruption, Prime Minister Narendra Modi has taken another huge step towards cashless India. At the Digi Dhan program that was held today, PM Modi has launched a brand new mobile payment interface called BHIM to facilitate easy, cashless payments.

The acronym stands for Bharat Interface for Money. The new app is an indication of the changing face of digital India as transactions can now be made in the blink of an eye. Using BHIM, people can send or request money from others. However, the app is unique in several respects as well.

While using a wallet such as Paytm, we usually have to load it with money first through our credit or debit cards. However, the BHIM app works through online banking and as such is linked directly to your bank account. Thus many of the issues associated loading money are avoided.

The biggest highlight of this application is the fact that there is no need of Internet connectivity. While smart phone users can download it on Google play store, people with feature phones can access the interface using the USSD service (Unstructured Supplementary Service Data). All you have to do is dial *99#.

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PM Modi mentioned that the name of the application is an ode to Dr. Bhimrao Ambedkar. He also said that,

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.

Using the app is quite simple. After you download the BHIM app, you’ll have to register your bank account through the app, and set a UPI PIN. Your mobile number is your payment address, and once you have linked your bank account with the app, you can start transacting in flash.

The app allows you to send or receive money to a phone number, check balance, or scan a QR code to make a payments without sharing your phone number. Money can also be sent to non-UPI banks through IFSC, similar to how the process works in net banking and at present, over 30 banks are affiliated to this app.

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   BHIM- screenshot

The banks supported by the app include:

  • Allahabad Bank
  • Andhra Bank
  • Axis Bank
  • Bank Of Baroda
  • Bank Of Maharashtra
  • Canara Bank
  • 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
  • Punjab National Bank
  • RBL

There is a limit of Rs. 10,000 per transaction, and a total of INR 20,000  can be transacted within a 24 hour period. While BHIM is currently available only for android users, it is expected to come to iOS in the near future as well.