BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the meaning of “I” in BHIM app?

A	International
B	Immediate
C	Interface
D	Indian

Explanation:

Detailed explanation-1: -Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood.

Detailed explanation-2: -Bharat Interface for Money (BHIM) is an app that lets you make simple, easy and quick payment transactions using Unified Payments Interface (UPI). You can make instant bank-to-bank payments and Pay and collect money using just Mobile number or Virtual Payment Address (UPI ID).

Detailed explanation-3: -In the top right, tap your photo. Tap Bank account. Tap the bank account whose UPI ID you want to view. You’ll find the associated UPI ID under “UPI IDs."

Detailed explanation-4: -What is the full form of BHIM? 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.

There is 1 question to complete.