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Saraswat UPI on BHIM
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Saraswat UPI on BHIM

Unified Payments Interface (UPI) the inter-bank payment interface was developed by NPCI and regulated by the Reserve Bank of India (RBI) which enables user to transfer the funds instantly between 2 bank accounts on a smartphone platform.

In this regard, NPCI has developed "BHIM" mobile app based on UPI platform for cashless & effortless transactions between two parties. BHIM is light weight, simple, safe & secured mobile application. BHIM has been developed on Android & IOS platform only and can be downloaded from the Android Playstore and Apple's IStore respectively.

Salient features of UPI:

  • Customer's mobile number must be registered with the Bank.
  • UPI works on the principle of single mobile number for single customer.
  • At the BHIM app, every user must define the "Virtual Payment Address (VPA)" (unique ID) which eliminates the need to remember the account number & IFSC.
  • Immediate funds transfer through mobile, round the clock 24*7*365
  • Customer need not be registered for Saraswat Bank's Mobile banking facility.
  • Single mobile application for accessing different bank accounts.
  • Send & collect money from Virtual Payment Address (VPA) of the customer.
  • No need to remember / mention account number, IFSC code, Mobile number, MMID or Aadhar Number etc.
  • QR code based scan & pay option between individuals & merchants
  • The limit on "BHIM" app is Rs. 20000/- per transaction and Rs. 40000/- per day.

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User Maunal for BHIM

Frequently Asked Questions on BHIM

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