Banking & Finance

BHIM (Bharat Interface for Money)

About:

  • BHIM is a biometric payment system app using Aadhar platform, and is based on Unified Payment Interface (UPI) to facilitate e-payments directly through bank.
  • The payments through BHIM app can be made by just a thumb impression after the bank account is linked with Aadhaar gateway. Money can also be sent to non UPI supported banks.
  • It is developed and managed by National Payments Corporation of India.

Impact:

  • Financial equality: BHIM will bring banking services within the reach of even those who are financially illiterate as it is simple to use and ....

Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy May 2019 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Indian Economy