If you are not doing an online transaction in your daily life then you are not in the modern era, Don’t worry after reading this article I can bet, you will be able to receive or send money online via UPI. Here I will share about UPI like What is UPI, How to use BHIM App and send or receive payment via BHIM UPI. BHIM has a lot of features that I will explain below.
What is BHIM UPI
BHIM is a mobile application which full name is Bharat Interface for Money it developed by National Payments Corporation of India (NPCI). BHIM is based on Unified Payment Interface (UPI) It was launched by India’s Prime minister Narendra Modi while demonetization (2016). Using BHIM UPI you can transfer money from one person to another person directly in the Bank Account. It supports all Indian Banks and it is totally free you don’t need to pay transaction charges or any other charges.
You can send to anyone Rs – 40,000 in a day If you want to send more then you have to wait for next calendar date, there is no limit number of transactions along with it there is no limit of the minimum transaction amount you can pay or send Rs 1. Bhim app is available in 13 Languages.
What are requirements to use BHIM UPI
- You must have a Bank Account.
- Your mobile number should be linked to your Bank Account.
- An active Debit Card of your bank.
- Your Sim Card should be on the same device in which you are going to use BHIM App.
- Active Internet connection.
How to Use BHIM App
To use BHIM UPI you have to download BHIM app from Play Store or App Store, this application is not available on Microsoft Store. After that, select your Passcode which is necessary to open BHIM App. Next, you have to select your mobile number which is linked to your Bank Account. Then, you have to choose your Bank.
Step by Step Guide to Create BHIM UPI ID
1- After downloading, You will see this type of interface where you have to select your that mobile number which is linked to your Bank Account.
2- Now Bhim Will Verify your mobile number for this you will get a Message from BHIM. After that, you have to select your Bank Account and then click on “Next”
3- After selecting the Bank You have to Create a UPI PIN for this you Have to enter your Last 6 Digits number of your Debit Card and in next row, you have to enter your Card Valid Date (Month and Year) If you have Master Card then you don’t need to enter validity Date these all information is available on your Debit Card.
4- Next, Your Bank will send you an OTP code which you have to enter Here. In most of the cases, BHIM automatically detects your code if not then enter. In Next row, you have to set your 6 or 4 digit UPI PIN. Always remember Never share your UPI PIN with anyone.
Now your BHIM UPI is ready to Use Let’s explore the Features of BHIM UPI. More About BHIM
What Can You Do With BHIM UPI
- You can check your Bank Account Balance in free of cost
- You can send or receive Money Via Account number with IFSC code OR Via UPI Address OR Via Aadhaar Number.
- You can request for money to your friends or relative but they should also be using BHIM.
- You can book Flight Tickets, Train Tickets or Mobile Recharge.
- You can pay bills on merchant websites and also e-commerce.
- You can scan a QR to make instant payments.
- You can use it without Internet by Dialing *99# in your mobile Phone.
- You can manage one more account with BHIM UPI.
- You can set Payment Reminder.
- You also get CashBack.
How Much is BHIM Secure?
According to Indian Government, BHIM is 100% Safe There is no chance to be hacked Because it uses Three-factor authentication First is You have to enter your Passcode every time when you open it. Apps log out automatically while inactivity or you are using another App.
Bhim App works only in a single Phone If you want to use it in another phone then you have to log out form currently running phone Because of its Links to your Mobile’s IMEI number.
You Need to Enter you UPI PIN on every transaction through UPI which is only you know.
How to Transfer Money With BHIM UPI
You have 3 Option to Sent money First is Account Number with IFSC code Second is VPA, and Third is Using Aadhaar Card Number. Virtual Private Address (VPA) is the best way to send money in this method you don’t need receiver’s account number and IFSC code you only need his/her VPA or UPI address.
How to know VPA or UPI ID? it’s very simple generally it is your mobile number but in this way [email protected], you also can know it in your Profile section. BHIM App can detect VPA automatically. this method only works when the receiver is also using BHIM UPI.
But what If the receiver is not using BHIM UPI don’t worry you have another method but after VPA I recommend Account Number+IFSC Code this is also a good method and work for everyone. Let’s start a step by step Guide to Send Money With BHIM UPI.
Here I have sent Money by Help of Account Number+ IFSC Code
1- First of you have to open your BHIM UPI App by entering your Passcode after that you have to click on Send Button.
2- Here you have to select receiver’s Bank Account
3- In this step, you have to enter money receiver’s Bank Account Number, IFSC Code and Name. after that click on “Send”. If You don’t know IFSC Code the go Here -Find IFSC Code
4- Now you have to enter the amount which you want to send. If you want then you can save this beneficiary for future by clicking save to future button, after that next time you need not enter all the information you will be able to send money by entering UPI PIN.
After that, if your transaction successful then you will get this type of receipt.
I Hope you learnt about How to Use BHIM App and now you are able to send money via BHIM App If you have any question to related BHIM then feel free to ask via comment box. BHIM UPI is the best option to send money online.