BHIM

byPaytm Editorial TeamLast Updated: July 11, 2025

Introduction

BHIM is a government-developed UPI mobile application that enables fast, easy, and secure digital payments directly from bank accounts.

Definition

The full form of BHIM is Bharat Interface for Money. It is a UPI-based app launched by NPCI (National Payments Corporation of India) to promote cashless transactions.

How It Works

BHIM links your bank account to your mobile number and lets you send or receive money using UPI ID, QR code, or phone number. It works 24/7 across all banks and supports checking balances, setting UPI PIN, and managing beneficiaries.

Benefits

  • Simple and user-friendly interface
  • Backed by the Government of India
  • Works across all UPI-enabled banks
  • Secure and free for all users

You May Also Like

Smartwatch PaymentsLast Updated: August 19, 2025

Meaning Smartwatch Payments allow users to make contactless payments using a smartwatch linked to their bank account or…

UPI Refund StatusLast Updated: September 22, 2025

Definition UPI Refund Status shows the progress of money being returned to the user after a failed or…

DeductionsLast Updated: December 12, 2025

Meaning & Definition Deductions refer to multiple allowable subtractions from taxable income, such as investments, expenses, or donations.…

InteroperabilityLast Updated: July 10, 2025

Definition Interoperability means that different systems or apps can work together smoothly. In the context of finance, it…