BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bharat Instant Money Transfer
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Bharat Interface for Money
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Bank Hotline Instant Money
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Banking Hit Instant Money
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Detailed explanation-1: -Bharat Interface for Money (BHIM) is a mobile payments application based on NPCI’s Unified Payments Interface (UPI). It allows you to make direct bank payments to any bank account on UPI with the help of UPI ID, QR code and PIN.
Detailed explanation-2: -Bharat Interface for Money (BHIM) is a payment app that lets you make simple, easy and quick transactions using Unified Payments Interface (UPI). You can make direct bank payments to anyone on UPI using their UPI ID or scanning their QR with the BHIM app. You can also request money through the app from a UPI ID.
Detailed explanation-3: -No, BHIM is not a wallet but a simple payment app to make instant fund transfers. It stands for Bharat Interface for Money and lets you make simple, effortless and fast payment transactions using a UPI.
Detailed explanation-4: -Explanation: 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.
Detailed explanation-5: -The full form of BHIM is Bharat Interface for Money. It is an app developed by the NPCI (National Payments Corporation of India) for mobile payments.