{"id":330874,"date":"2025-03-26T13:09:09","date_gmt":"2025-03-26T07:39:09","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=330874"},"modified":"2025-04-01T12:50:19","modified_gmt":"2025-04-01T07:20:19","slug":"bhim-3-0","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/bhim-3-0\/","title":{"rendered":"BHIM 3.0"},"content":{"rendered":"<p><strong>News- <\/strong>NPCI BHIM Services Ltd. (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), introduced BHIM 3.0.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-331366 aligncenter\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BHIM-3.0.png?resize=549%2C364&#038;ssl=1\" alt=\"BHIM 3.0\" width=\"549\" height=\"364\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BHIM-3.0.png?resize=300%2C199&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BHIM-3.0.png?resize=1024%2C680&amp;ssl=1 1024w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BHIM-3.0.png?resize=768%2C510&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BHIM-3.0.png?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 549px) 100vw, 549px\" \/><\/p>\n<h2>About BHIM (Bharat Interface for Money)<\/h2>\n<ul>\n<li>It is <em>Unified Payments Interface(UPI) based payment interface application<\/em> that allows real time fund transfer.<\/li>\n<li>It was launched in 2016.<\/li>\n<li><strong>Developer<\/strong>: National Payments Corporation of India (NPCI)<\/li>\n<li><strong>Purpose<\/strong>: To promote cashless transactions and digital payments<\/li>\n<li><strong>Bank Connectivity<\/strong>: Works with 170+ member banks via IMPS infrastructure<\/li>\n<li><strong>Key Features:<\/strong>\n<ul>\n<li>Direct bank-to-bank transfers (unlike mobile wallets)<\/li>\n<li>Available 24\/7, including holidays<\/li>\n<li><em>Supports Aadhaar-based authentication<\/em><\/li>\n<li><em>Available in 20+ Indian languages<\/em><\/li>\n<li>Works in areas with low or unstable internet connectivity<\/li>\n<li>Ensures security with <em>three-factor authentication (3FA)<\/em><\/li>\n<li><strong>Transaction Limit<\/strong>:\n<ul>\n<li>Maximum \u20b940,000 per transaction (subject to change)<\/li>\n<li>Daily limit of \u20b91,00,000<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Key features of BHIM 3.0<\/h2>\n<ul>\n<li><strong>Split Expenses<\/strong>: Users can now easily divide bills for shared costs such as rent, dining, and group purchases, enabling instant settlement.<\/li>\n<li><strong>Family Mode<\/strong>: This feature <em>allows users to add family members, monitor shared expenses<\/em>, and assign specific payments for improved financial management.<\/li>\n<li><strong>Spends Analytics<\/strong>: A newly introduced dashboard provides a detailed analysis of monthly expenses, automatically categorizing them to simplify budgeting.<\/li>\n<li><strong>Action Needed Alerts<\/strong>: BHIM 3.0 offers <em>timely reminders for pending bills, UPI Lite activation, and low balance alerts<\/em>, ensuring users stay informed.<\/li>\n<li><strong>BHIM Vega<\/strong>: Merchants can now accept in-app payments directly within the BHIM app, <em>eliminating the need for third-party applications<\/em> and enhancing transaction efficiency.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News- NPCI BHIM Services Ltd. (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), introduced BHIM 3.0. About BHIM (Bharat Interface for Money) It is Unified Payments Interface(UPI) based payment interface application that allows real time fund transfer. It was launched in 2016. Developer: National Payments Corporation of India (NPCI) Purpose: To promote&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/bhim-3-0\/\">Continue reading <span class=\"screen-reader-text\">BHIM 3.0<\/span><\/a><\/p>\n","protected":false},"author":10367,"featured_media":331366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,12039],"tags":[11872],"class_list":["post-330874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-factly-articles","category-economy","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2025\/03\/BHIM-3.0.png?fit=1280%2C850&ssl=1","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/330874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10367"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=330874"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/330874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/331366"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=330874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=330874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=330874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}