BHIM Full Form

by Yogi P - October 7, 2023

Full form of BHIM

BHIM stands for Bharat Interface for Money. It is a mobile payment app developed by the National Payments Corporation of India (NPCI) that enables users to make quick, easy, and fast money transfers using the Unified Payments Interface (UPI).

Advantages of BHIM

Convenient and easy to use: BHIM can be used to transfer money to anyone with a UPI ID or VPA (Virtual Payment Address). You can also use it to pay for goods and services at participating merchants.
Secure: BHIM uses two-factor authentication to keep your transactions safe.
Affordable: BHIM transactions are free or have very low fees.

Steps for using the BHIM app

Download and install the BHIM app from the Google Play Store or Apple App Store.
Open the app and select your language.
Enter your mobile number registered with your bank account.
Set a UPI PIN.
Select your bank from the list of participating banks.

You can now start making and receiving payments using BHIM.

To make a payment:

Enter the UPI ID or VPA of the person you want to send money to.
Enter the amount you want to send.
Enter your UPI PIN to confirm the payment.

To receive a payment:

Share your UPI ID or VPA with the person who is sending you money.
Once the person sends you money, you will receive a notification.
To accept the payment, enter your UPI PIN.

Conclusion

BHIM is a convenient, secure, and affordable way to make and receive payments. It is a popular choice for both individuals and businesses in India.