BHIM app facilitates Digital Payments directly through your Bank Accounts

BHIM App, Narendra Modi

Bhim app : The rage of demonetization has made people desperate to get their hands on cash. It’s quite the opposite of what Prime Minister Narendra Modi has dreamt for the Indian economy. Instead of using cashless technologies, people are lining up behind ATMs and are swarming banks. It’s the inability to access and use online cashless portals that are causing this problem. To counter this quandary, a new mobile app has been launched by the government that centralizes all the transaction in the hands of the government.

What is BHIM? 

The acronym stands for Bharat Interface for Money, also ingeniously named after Dr Bhimrao Ambedkar, the architect of Indian constitution. BHIM app is not your everyday mobile wallet. It’s a new payment app that links a mobile with your bank account. Effortless e-payments can be made directly from the bank, thus removing the hassle of filling and refilling a limited e-wallet. BHIM is linked with the entire network of Indian banks such as Vijaya Bank, Bank of Baroda, Axis Bank, Canara Bank, ICICI Bank, State Bank of India, and more. Here are the benefits you can avail through BHIM: 

• Check your bank balance
• Add multiple bank accounts, however only one can be used at a time
• Generate QR code for quick transactions
• Add secondary payment address

How does it work? 

The BHIM app uses Unified Payments Interface (UPI) which a lot of Indian banks use in their transaction apps. It is further based on the architecture of Immediate Payment System (IMPS), which facilitates electronic fund transfers. This service is available 24×7 unlike NEFT and RTGS transactions.

Is the BHIM app secure? 

Unlike third-party mobile wallets, BHIM is managed by the Indian government, so you can throw away your concerns about security breaches. The CEO of cyber-security firm Lucideus terms BHIM as one of the most secure digital payment portal. The BHIM app uses three-factor authentication that keeps your bank details protected. Online frauds are easily traceable as well. 

Suggested reads: Everything you want to know about Airtel Payments Bank 

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Ankita Desai
About Ankita Desai (107 Articles)
A budding researcher, Ankita is a Maitreyi College alumna with a degree in Journalism and Mass Communication. Socio-political aspects of the society hold her special interest, apart from the events happening all across the globe. Whether it’s politics, economy or women’s issues, Ankita is adept at expressing her views in an unapologetic manner. When she’s not busy with voicing her opinion, she loves traveling and capturing memories through her camera.

7 Comments on BHIM app facilitates Digital Payments directly through your Bank Accounts

  1. Rehaaz Kapoor // January 10, 2017 at 12:19 pm // Reply

    Yahooooooooooooooooo!! Finally India Did it . Aaahun Aahun Aahun ….

  2. Deeshikha Deshai // January 10, 2017 at 12:19 pm // Reply

    Modi is strict but innovative too..this is initiative taken by government of India is a commendable..We need to support it, if wants a greater India

  3. Deepika Khair // January 10, 2017 at 12:23 pm // Reply

    Let’s make India Digital…

  4. Meenakshi Tanwar // January 10, 2017 at 12:31 pm // Reply

    Remarkable!!! Modi really got his hands on Digital India and this maneuver will definitely save the troubles of standing in long queues at ATMs.

  5. Good step towards Digital India but what about Poor India

  6. Parul Kapoor // February 2, 2017 at 6:03 am // Reply

    Digital India is important, we must support the cause, world is watching us, India is no more only a land of snakes


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