BHIM
BHIM is like a magic money box that helps you send and receive money easily without having to go to a bank or use physical cash. Just like how you can drop money in a piggy bank, you can put and remove money from BHIM to pay for things.
When you want to receive money, you share your BHIM details, like your mobile number, with the person who wants to send you money. They can then use their own BHIM app to add money to your BHIM account by just typing in your number and the amount they want to send.
Similarly, when you want to send money to someone, you can use your BHIM app to add money to their BHIM account using their details. This way, you don't have to give them cash or go to the bank to make a transfer.
BHIM also has a lot of safety features to keep your money secure. It asks for a password every time you want to add or withdraw money, and it also has an option for you to set a four-digit UPI PIN for additional security.
Overall, BHIM is a quick and easy way to transfer money without the need for physical cash or visiting a bank.
When you want to receive money, you share your BHIM details, like your mobile number, with the person who wants to send you money. They can then use their own BHIM app to add money to your BHIM account by just typing in your number and the amount they want to send.
Similarly, when you want to send money to someone, you can use your BHIM app to add money to their BHIM account using their details. This way, you don't have to give them cash or go to the bank to make a transfer.
BHIM also has a lot of safety features to keep your money secure. It asks for a password every time you want to add or withdraw money, and it also has an option for you to set a four-digit UPI PIN for additional security.
Overall, BHIM is a quick and easy way to transfer money without the need for physical cash or visiting a bank.