A unique new year gift from the Government Of India

BHIM (Bharat Interface for Money) a Revolutionary gift by the Government  Of India introduced by Prime Minister Modi is a step towards Make in India with a bhartiya name approach. Digi Dhan Mela witnessed Prime Minister Narendra Modi launch BHIM an Aadhar based mobile payment application on the 30th of December 2016 to promote and make transactions easier. It is a stepping stone towards a cashless economy as it helps the users to easily transfer funds electronically using their phones.

Here is all you need to know about the app:

1. The app is called BHIM (Bharat Interface for Money) — a re-branded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data).

2. Modi said BHIM app was very simple to use and a thumb impression was enough to operate it.

3. No internet needed: “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.”

4. Modi said that ‘Lucky Grahak Yojana’ and ‘DigiDhan Vyapar Yojana’ were a Chrismas gift to the nation.

Over 100 days, several prizes of Rs 1,000 will be given to people through lucky draws. The mega draw will be held on April 14, the birth anniversary of Babasaheb Bhimrao Ambedkar.

5.How it works: BHIM can also be downloaded on playstore. 

. Register your bank account with BHIM, and set a UPI PIN for the bank account. Your mobile number is your payment address (PA), and you can  start transacting. 


7. Send / Receive Money: Send money to or receive money from friends, family and customers through a mobile number or payment address. Money can also be sent to non UPI supported banks using IFSC and MMID. You can also collect money by sending a request and reverse payments if required.


8. QR Code: You can scan a QR code for faster entry of payment addresses. Merchants can easily print their QR Code for display.


8. Transaction Limits: Maximum of Rs. 10,000 per transaction and Rs. 20,000 within 24 hours.


9 Language supported: Hindi and English. More languages coming soon!


10 Supported Banks: Allahabad Bank, Andhra Bank, Axis Bank, Bank of Baroda, Bank of India, 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 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.

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