The new version of the BHIM app is going to be released by the Modi government soon. The updated version of the BHIM app will be launched in October this year. After the new update, users will have the option to link multiple bank accounts at once. With the latest update, the Ministry of Electronics and IT believes that the BHIM app will be better than the private payment app. People are making a lot of payments through the BHIM app. According to a report, transactions worth Rs 6,202 crore have taken place from BHIM in June alone this year. According to the ministry official, many businesses are also being linked to the BHIM app so that the payment will be more and more. Let's know the full details
Last month, there was a report claiming that with the help of UPI in the new version, anyone would be able to make payments up to Rs 2 lakh. Also, overdraft accounts will allow anyone to make payments.
For your information, only those accounts that have money currently receive the payment. Shopkeepers will also be allowed to block money in their customers' accounts as security. They will be able to remove it at a later date. UPI app holders will also be able to book flight tickets and hotels easily. The Reserve Bank of India has also proposed that e-wallet payments start, but at the moment only bank accounts do so.
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