BHIM App – BHIM Cash Back & Referral Bonus Schemes

April 18, 2017 | By sarkariadmin | Filed in: Sarkari Yojana.

BHIM-Aadhaar platform for merchants was launched by Prime Minister Narendra Modi on Friday with an aim to reward BHIM App users, the prime minister announced two schemes under the BHIM App on the occasion of the 126th birth anniversary of Dr. BabasahebAmbedkar in Nagpur in Maharashtra.

There are two schemes launched named as BHIM Referral Bonus Scheme and BHIM Cashback schemes for consumers and merchants respectively.The government has set a budget outlay of Rs. 495 Crore for 6 months for the implementation of the schemes. The app is particularly aimed at helping people make payments digitally using their biometric data like their thumb imprint on a merchants’ biometric-enabled device which could be smartphone having a biometric reader.

Also Read this in Hindi: भीम कैशबैक एंड रेफ़रल बोनस स्कीम

The referrer will get Rs.10 per successful referral, while the new users will get Rs. 25 for downloading and transacting from BHIM App.The scheme is launched for merchants and has two objectives increasing the number of merchants registered on BHIM and increasing the number of merchant payment transactions using BHIM.

The scheme incentivises not the just one-time adoption of BHIM by merchants, but will also encourage transactions via BHIM mode (either QR code or VPA or Mobile number or “Pay to Aadhaar”). The cash back to the merchant can be up to Rs. 300 per month, with each merchant eligible to win up to Rs. 1,800 in six months.

Features of these two new schemes:

BHIM Referral Bonus Scheme (for individuals):

  1. This scheme will incentivise existing BHIM users for bringing new users on the BHIM platform and encouraging the new users to do transactions with others using BHIM or by referring new users on BHIM. Hence, the bonus will be paid to both the referrer and the new user of BHIM (referee).
  2. The referral will be considered successful only after 3 unique successful financial transactions have been completed by the new user.
  3. On completion of minimum three unique successful transactions totaling only 50 to any three unique users (either to customers or to merchants), the referrer and the referee will be notified about the bonus amount via notification in BHIM App.
  4. The referrer will get 10 per successful referral, while the new users will get Rs. 25 for downloading and transacting from BHIM App.
  5. Any Indian citizen without access to smartphones, the internet, debit or credit cards will be able to transact digitally through the BHIM Aadhaar platform.

BHIM Cashback scheme for Merchants:

  • The scheme is launched for merchants and has two objectives increasing the number of merchants registered on BHIM and increasing the number of merchant payment transactions using BHIM.
  • The scheme incentivises not the just one-time adoption of BHIM by merchants, but will also encourage transactions via BHIM mode (either QR code or VPA or Mobile number or “Pay to Aadhaar”).
  • The cash back to the merchant can be up to 300 per month, with each merchant eligible to win up to Rs. 1,800 in six months.
  • Under the Cashback scheme, the merchants will get a cash back on every transaction using BHIM. Both schemes are to be administered by MEITY and implemented by NPCI

Features of BHIM App

  • Make payment using Aadhar card
  • Send and receive money with just one tap in any bank in India
  • This app will more secure so that all of your money will be safe.
  • All payments can be done easily via one click.
  • exchange information with other UPI apps and bank account
  • To send money, all you need is UPI Address of another guy.
  • In BHIM App, it’s very easy to switch between your multiple bank accounts as well.
  • BHIM APP is based on IMPS (Immediate Payment Service).

BHIM Aadhaar Payment App Download:

References & Details:

 


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