The full form of BHIM is Bharat Interface for Money. This app is a Mobile payment application launched by the National Payments Corporation of India. BHIM is based on UPI (Unified payments Interface). In the year 2016, our Prime Minister Narendra Modi introduced this app at Talkatora Stadium, Delhi. The app is named after B.R.Ambedkar & basically, the app is used to facilitate payments directly through banks. In general, the Banks having their live presence in the UPI platform get supported for BHIM.
Bharat interface for money is also known as BHIM, a mobile application launched by the national payments cooperation of India. This application is based on the UPI system. The Prime minister of India launched this application in the Year 2016 in Delhi. With this application, you can transfer money from bank to bank within one click. Nowadays, banks have a live presence on the UPI platform. This app was launched so that people can go cashless.
As mentioned above, in the year 2016, post demonetization, to initiate cashless transactions, this BHIM app was brought into place. The process of the Unified payments interface is it allows the users to transfer money between two bank accounts. And also this is built on basis of Immediate payment service infrastructure, which is shortly known as IMPS. The benefit of this app is it can be used on all smartphones which have an internet connection. The major point of the BHIM app is able to send or receive money to non-UPI accounts from UPI payment addresses too. Like other platforms like Paytm, Airtel money holds money in it. This app is available 24/7, 365 days and is an instant service provider including weekends and Banking holidays too.
The full form of BHIM is Bharat Interface for Money. It is an app developed by the NPCI(National Payments Corporations of India) for mobile payments. It is focused on the UPI (Unified Payments Interface) that enables you to use UPI to make quick, easy, and fast money transfers.
The app is available everywhere on Play Store, App Store. BHIM is safe as it asks for a payment address and a UPI personal identification number (PIN). It works under guidance from the Reserve Bank of India. A user can send up to Rs forty thousand per day using the BHIM app.
| Term | Full Form |
| BHIM | Bharat Interface for Money |
FAQ’s
This app is a Mobile payment application launched by the National Payments corporation of India. BHIM is based on UPI (Unified payments Interface).
BHIM is short form of Bharat Interface for Money.
Bharat Interface for Money is full form of BHIM.
People May Also Check
| NSS Full Form | NSS Full Form |
| OCR Full Form | OD Full Form |
| PAN Full Form | PC Full Form |
| PCV Full Form | PDA Full Form |
| PGDM Full Form | PH Full Form |