BHIM- the digital revolution

BHIM App(Bharat Interface for Money) is a an app started by the government as result of our PM Mr. Narendra Modi efforts to make India transact cashless. Few weeks before we had discussed the working of a UPI system, BHIM is one of the simplest form of UPI app started. It is called BHIM after Dr. Bhimrao Ambedkar, one of the foremost person working for upliftment of dalits and poor people.

Simple features of BHIM

• BHIM works all major banks and there is no need to download multiple applications to transact online.
• BHIM works on funda of IMPS (Immediate Payment Service) . It transfers money immediately.
• It is not necessary to register the payee beforehand
• BHIM is available on all 365 days across 24x7
• BHIM doesn't require the user to remember the bank details of the payee just the UPI address is required.
• In case, if the payee doesn't have UPI based payment system, it is possible to transfer money using mobile number or scanning the QR code.
• BHIM can operate without internet connectivity to transfer and receive money.
• BHIM is over the time expected to authenticate using thumb prints over Aadhar details.
• BHIM is designed with a simple interface keeping in mind the needs of a simple village person.

How do I start?

• Download the BHIM app from google play store. It is currently only available for Android users.
• Follow the instructions which are then made available , once the app is installed. It is available in various local languages.
• It will then verify your mobile number.
• After this, a 4 digit password is to be registered which is required in every future transaction.
• After that select the bank, where you have your account. The app will automatically show the account number linked with the mobile no for that bank.
• Select the account number and you are started.

Now in future to transact, you just need the UPI details of the person to transfer the money. Usually the default UPI address is the mobile number of any individual. Almost all banks currently support BHIM application. For the complete list, click on the link as follows:- http://bhimapk.com/
 Our intention at Saarthi is to make all our readers aware of the latest happening in the digital transaction world. If we were to follow, our PM, then he sees our country going cashless in next 5-6 years. So, it is best to adopt the required application at earliest. Chota Bhim, Bada Karmveer.

Thanks and Regards
Team
Saarthi Financial Planner
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