Are you new to the world of instant online money transfer and bill payments? Then, it is high time for you to install the BHIM app or any other UPI-enabled app and start sending funds instantly at no extra cost with a few strokes on your smartphone.
This type of money transfer and bill payments are instant and hassle-free. You don’t have to know the recipient’s account number or IFSC to make the money transfer. Just their UPI ID is enough!
In addition, you can also request money if a payment from someone is pending. Here’s everything you need to know about sending and requesting money through a UPI app, i.e. the BHIM app.
Bharat Interface for Money (BHIM), a payment app, lets you make simple, easy, and quick payments using the Unified Payments Interface (UPI) technology. Direct bank payments can be made to anyone on UPI using their UPI ID and password. One can also scan the QR code with the BHIM app to make payments.
There are many other UPI-enabled apps such as PhonePe, Paytm, Mobikwik, Airtel Payments Bank, Google Pay, iMobile, Axis Pay, SBI Pay, and BOB UPI.
Registering your mobile number and bank account with a UPI-enabled app can be achieved by following simple steps. You can choose the method convenient to you.
Step 1: Download the BHIM app or any other app that supports UPI payments on your smartphone and install the app.
Step 2: When you open the app, you will be asked to select the preferred language from the list.
Step 3: You will be required to click on the ‘Proceed’ button and allow the app to access your SMS, calls, and location.
Step 4: The app will automatically send an SMS from your mobile number to itself in order to verify your mobile number.
Step 5: Upon verifying your mobile number, you will be asked to select the bank name from the list.
Step 6: The linked bank account details, such as the account number, IFSC, and bank name will be fetched by the app. If you have multiple accounts linked to the same mobile number, you may select the number you wish to link to the app.
Step 7: Set a UPI ID and a 6-digit or 4-digit PIN in order to authorise your transactions and keep them safe and secure. Now, you are good to go!
Step 1: Dial *99# on your phone and press the call button.
Step 2: Select the preferred language from the list.
Step 3: Enter your bank’s name or your first four letters of your IFSC.
Step 4: Select your bank account.
Step 5: Enter the last 6 digits of your debit card and expiry date.
Step 6: Enter your 6-digit UPI PIN. Choose your UPI PIN such that you remember it whenever asked for. However, it should not be easy enough for any fraudsters to guess it.
Step 7: Re-enter your 6-digit UPI PIN for confirmation.
Step 8: Your UPI PIN is now set.
Step 1: Log in to your UPI-enabled app.
Step 2: Select the ‘Send’ option.
Step 3: Enter the payee’s Virtual Payment Address (VPA) and click on ‘Verify’ to check if the VPA entered is valid.
Step 4: Key in the amount to be transferred and remarks if any. Click ‘Confirm’. If you have multiple accounts linked to the mobile number, choose the account from which funds must be debited.
Step 5: All the details you have entered will be displayed for verification. Check the details and click ‘Send’ if the details are correct.
Step 6: Enter the UPI PIN to authorise the transaction.
Step 7: Upon selecting the ‘Submit’ option, the transaction will be initiated.
Step 1: Log in to your UPI-enabled app.
Step 2: Select the ‘Request Money’ option.
Step 3: Enter the payer’s VPA and click on ‘Verify’ to check if it is valid.
Step 4: Enter the amount you want to request from the payer and remarks if any. You can set a date until which the request will be valid. Click ‘Request’. The request will reach the payer in the form of a notification.
Step 5: If the payer accepts the request within the specified validity date, he/she will be prompted to enter the UPI PIN to complete the money transfer transaction.
Step 6: When the payer keys in the correct UPI PIN, the requested amount will be debited from the payer’s account and gets instantly credited to the requester’s account.
Step 7: Both parties will receive a confirmation about the transaction in the form of notifications.
Some of the merchants that allow UPI payments are given below:
Though several banks have partnered to support UPI payments, here is a list of a few significant ones: