BHIM Full Form


Bharat Interface for Money is Full form of BHIM.

  • BHIM is a payment app that uses the Unified Payments Interface to make simple, straightforward, and quick payments (UPI).
  • It is an app established by the NPCI (National Payments Corporation of India) for mobile payments in India.
  • Users can send and receive money using only their mobile number or a virtual payment address (UPI ID).
  • Earlier in the year 2021, Bhutan became the 1st nation to implement the BHIM UPI for their digital transactions after the approval of the Royal Monetary Authority of Bhutan.
  • The app presently supports 20 languages (including English) and is likely to support all 22 recognized languages of India as soon.

Full Form of NPCI is National Payments Corporation of India

Full Form of UPI Unified Payments Interface

What are the advantages of BHIM?

  • It is easy to transfer money by Account Number and IFSC code, Aadhar Number, or QR code with help of the BHIM app.
  • By accessing a UPI ID, users also can accept funds.
  • By scanning a QR code, users/merchants also can accept funds.
  • It is easy to search the history of transactions and outstanding requests for UPI collection by use of the BHIM app.
  • Easy to file a complaint on decline of payment.
  • The QR code and payment addresses can be displayed and transmitted using various communication tools such as Email, WhatsApp, and others.
  • Balance check is easy for user.
  • User can change UPI PIN easily.
  • Its user can block the unwanted user.
  • Limit : up to 2.0 Lakh now.
  • IPO and Demat AC. money transfer also easy with BHIM.

Developer(s): National Payments Corporation of India (NPCI)

Initial release Date:  30 December 2016


Read More:

Other Topic:

You cannot copy content of this page