Everything in your finger tip: BHIM App (Bharat Interface for Money)

Everything in your finger tip: BHIM App (Bharat Interface for Money)

After a failed attempt to block the black money and when the committed time was over, the concentration has now shifted to Digitalization. On the 50th day of demonetization PM Modi has now introduced BHIM app for all digital transactions.  In simple words this app is a rebranded version of UPI – unified payment interface.

It doesn’t matter whether your phone is a smartphone or feature or the cost of the phone is 1000 or 100000, BHIM app can be used. There is no need of internet connectivity or pin. All you need is your thumb impression. Your thump is your bank.

With all the banks running out of cash and RBI doesn’t have more cash to infuse, we are moving into a situation where we will be forced to use online transfers. Thanks to the surgical strike on 500 and 1000 notes. According to latest news we are expecting the BHIM app available to public by mid of January 2017.

What is a BHIM App?

This is the latest app introduced by Narendra Modi to support digitalization. With this app you can send money or ask money from some other account. This is a feature common in UPI and apps like chiller, paytm etc. This app will be linked to your bank account and Adhar card. Adhar card will be your primary ID instead of mobile number in the case of paytm. Another advantage of BHIM compared to paytm is you don’t need to load money to this app as this app is already linked with your bank and your secret key is your thump print.

How can you get it in your phone ?

Similar to any other App, you can download this app from the play store. After Jan 15th you can search BHIM app by NPCI ( National payments corporation of India) to download this app

What if mine is a feature phone?

Since more than 50% of the mobile phone owners uses a feature phone, this facility won’t be successful if they can’t access this feature. Unlike any other platform, this doesn’t need an android or IOS or windows OS. The interface can be accessed using USSD from the feature phone. Just dial *99# to access this without having an internet connectivity in your feature phone

Whether all the banks support BHIM?

Not all, but most of them. The banks which have the facility to support UPI will support BHIM. And hopefully more banks will support this in the near future. At least for next three years they may not have much option. If your bank’s name is in the below list, then your banks supports BHIM…

  1. Allahabad Bank
  2. Andhra Bank
  3. Axis Bank
  4. Bank of Baroda
  5. Bank of India
  6. Bank of Maharashtra
  7. Canara Bank
  8. Catholic Syrian Bank
  9. Central Bank of India
  10. DCB Bank
  11. Dena Bank
  12. Federal Bank
  13. HDFC Bank
  14. ICICI Bank
  15. IDBI Bank
  16. IDFC Bank
  17. Indian Bank
  18. Indian Overseas Bank
  19. IndusInd Bank
  20. Karnataka Bank
  21. Karur Vysya Bank
  22. Kotak Mahindra Bank
  23. Oriental Bank of Commerce
  24. Punjab National Bank
  25. RBL Bank
  26. South Indian Bank
  27. Standard Chartered Bank
  28. State Bank of India
  29. Syndicate Bank
  30. Union Bank of India
  31. United Bank of India
  32. Vijaya Bank.

I am a passionate Software engineer and CEO of an IT company named Entero Software Solutions Pvt.Ltd . I like to work with passionate people and love to accept challenges .

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