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BHIM app referral bonus scheme


BHIM app referral bonus scheme

BHIM (Bharat Interface for Money) is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). It was launched by Narendra Modi, the Prime Minister of India, at a Digi Dhan mela at Talkatora Stadium in New Delhi on 30 December 2016. It has been named after Bhim Rao Ambedkar and is intended to facilitate e-payments directly through banks and as part of the 2016 Indian banknote demonetization and drive towards cashless transactions.

This UPI app supports all Indian banks which use that platform, which is built over the Immediate Payment Service infrastructure and allows the user to instantly transfer money between the bank accounts of any two parties.It can be used on all mobile devices.

Benefits of BHIM app :

BHIM allow users to send or receive money to other UPI payment addresses or scanning QR code or account number with IFSC code or MMID (Mobile Money Identifier) Code to users who do not have a UPI-based bank account.

BHIM allows users to check current balance in their bank accounts and to choose which bank account to use for conducting transactions, although only one can be active at any time.

Users can create their own QR code for a fixed amount of money, which is helpful in merchant — seller — buyer transactions. They can also have more than one payment address.

If the 12-digit Aadhaar is listed as a payment ID on the BHIM app will not require any bio-metric authentication or prior registration with the bank or Unified Payment Interface (UPI).

Version 1.3 allows the user to use mobile numbers from their contact book to send money and also save payment addresses for future use without needing to type the address again. User can also check the Previous Transaction History by Tapping Transaction Box. Here only the transaction through BHIM shown.

Referral bonus scheme:

On the off chance that you are new to BHIM application, you will get a referral reward measure of Rs25 subsequent to finishing all the obliged conditions to your recently enlisted BHIM/*99# account. You will get a referral reward measure of Rs10 per individual for each total procedure done by an alluded individual.

When you are qualified for the cash, you will be told under “Prizes” area under “Exchanges” tab. You can anticipate that the sum will be credited to your record inside five days after the new client has done their third remarkable exchange.

You can give your referral code to any number of individuals you need. You can likewise exchange cash to the individual whose referral code you are utilizing to benefit the referral plot. It is conceivable to gain as much as Rs25,000 every month from referral rewards.

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