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

Payment BankLast Updated: August 12, 2025

Meaning A Payments Bank is a specialized bank licensed by the RBI to offer basic banking services such…

P2P LendingLast Updated: August 12, 2025

Meaning P2P Lending (Peer-to-Peer Lending) is a digital method where individuals can lend or borrow money directly through…

UPI Payment ConfirmationLast Updated: September 16, 2025

Definition UPI payment confirmation is the notification received by both payer and payee once a transaction is successfully…

Meaning and Benefits of AGMARKLast Updated: October 14, 2024

What is AGMARK? AGMARK is a certification mark which is used in India to ensure that the agricultural…