How do I send money Using BHIM APP: How to use Bhim Upi Application to transfer funds from one account to other using phone number, aadhar card, account details step by step procedure.
Bharat Interface for Money (BHIM) is an initiative to enable fast, secure, reliable cashless payments through your mobile phone. BHIM is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts. BHIM is developed by the National Payment Corporation of India (NPCI).
UPI apps went live recently in August with 21 banks. Though, the payment interface was coordinated into the managing an account apps with different elements as well. The BHIM app, then again, accompanies a basic interface and is worked for convenience. The application is around 2MB in size. On beginning the app, you will be requested that offer service to send an SMS and enroll your mobile number. Once enrolled, you will be requested that set a 4-digit password, and after that pick your bank. That is it.
How do I send money Using BHIM APP – Step By Step Procedure
You can follow the Below procedure to transfer funds from one account to other.
From the Bharat Interface for Money app Home screen,
1) Click Send Money Option;
2) Enter or select the receiver’s mobile number or Payment Address (you can select from your contact list or enter it) or Aadhaar number.
3) Enter the amount you want to send
4) Your default bank a/c gets selected
5) Enter UPI PIN and send
Alternately, you can also scan a QR code and pay via the ‘Scan & Pay‘ option.
Can I send money to anyone using Bharat Interface for Money? Yes, you can send money using the Bharat Interface for Money app from your UPI enabled bank account. You will need to register and set a UPI PIN using the debit card details linked to the bank account. If your beneficiary’s bank account is also linked to UPI, you can simply use their mobile mobile number or Payment Address to transfer.If not, you can use IFSC code, Bank account or MMID , Mobile number to send money.
Can I send money to a friend not on Bharat Interface for Money? Yes. Payment can be made via (IFSC, Account number) or (MMID, Mobile number) if the person is not registered on Bharat Interface for Money.