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(BHIM* APP) List Of All Banks Supported By BHIM App (Updated)

All banks supported by BHIM App – Here is the list of all banks that you can link with the BHIM app. It is developed by National Payment Corporation of India (NPCI). By using this app, Indian users can receive or send money through their mobiles by linking their bank accounts. A UPI PIN number will be provided to the user for secure transactions. This app soon is upgraded for USSD (Unstructured Supplementary Service Data) platform.

(BHIM* APP) List Of All Banks Supported By BHIM App (Updated)

 

1. Allahabad Bank
2. Andhra Bank
3. Axis Bank
4. Bank of Baroda
5. Bank of Maharashtra
6. Canara Bank
7.Catholic Syrian Bank
8. Central Bank of India
9. DCB Bank
10. Dena Bank
11. Federal Bank
12. HDFC Bank
13. ICICI Bank
14. IDBI Bank
15. IDFC Bank
16. Indian Bank
17. Indian Overseas Bank
18. IndusInd Bank
19. Karnataka Bank
20. Karur Vysya Bank
21. Kotak Mahindra Bank
22. Oriental Bank of Commerce
23. Punjab National Bank
24. RBL Bank
25. South Indian Bank
26. Standard Chartered Bank
27. State Bank of India
28. Syndicate Bank
29. Union Bank of India
30. United Bank of India
31. LlVijaya Bank

Named after the architect of the Indian Constitution, Babasaheb Bhim Rao Ambedkar, the Bharat Interface for Money (BHIM) is a simplified payment platform designed to make Unified Payment Interface (UPI) and USSD payment modes simpler and usable across feature phones and smartphones.

Developed by National Payment Corporation of India (NPCI), BHIM is supported by host of banks, including State Bank of India, ICICI Bank, Axis Bank, HDFC Bank, Bank of India, Canara Bank, Kotak Mahindra Bank,

Oriental Bank of Commerce and Punjab National Bank, among others.

The app, which can be downloaded from Google Play Store, is currently available in Hindi and English, and support for more languages is expected soon. I hope you liked the list of all bank accounts supported by BHIM App. If you did, please Do share this site with your friends and let me know what else would you liked to read next on this website.

The app is a rebranded version of UPI (Unified Payment Interface) and USSD (Unstructured Supplementary Service Data). BHIM has been developed by National Payments Corporation of India (NPCI) and is about 2MB in size.

 PM Modi said that BHIM will be the world’s biggest wonder. The app takes on the likes of Paytm, Mobikwik, Freecharge and other mobile payment apps which have become hugely popular since the government announced banning of Rs 500 and Rs 1000 notes on November 8. While launching the app, PM made payment to Khaadi. UPI needed all banks to become interoperable with the UPI technology (between February and June 2016), which is no mean task. NPCI took two extra months to ensure as many banks as possible were on board a compact system.

UPI is how apps like PhonePe — built in less than a year — help make the inter-banking experience as simple as email for customers. It is a living and breathing platform that enables immediate payments. And it was a wake-up call for banks to get their technology act together.

Bharat Interface for Money (or BHIM) is another of UPI’s progeny and applications. The buzz in the tech sphere is that it is the shape of things to come — read, technology and micro-lending. Though BHIM allows sending money to a mobile number, it requires the receiver to be registered with the UPI in order to accept payment. In turn, the long process of generating a UPI PIN by entering debit card details may discourage the poor and the illiterate.

“Through Aadhaar, any person — large service providers or independent ones such as plumbers or carpenters, irrespective of whether they are on BHIM or not — can get payments for their services directly into their bank accounts if it is linked to Aadhaar,” said Pandey. He added that almost two crore people are linking with accounts with Aadhaar every month and total figure for such accounts should go up to 50-60 crore — half the country —in the next two to three months.

Currently, there are five payment options on the BHIM app — namely mobile number, bank account or IFSC code, among others. Aadhaar number will be the sixth such option. “There are some teething troubles but we are working on strengthening security,” said Pandey.

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