BHIM Version 1.3 launched with additional Safety Features

-

          The volumes in BHIM have encouraged NPCI to release the new version of BHIM with additional features.

National Payment Corporation of India released the BHIM 1.3 version on Google Playstore on April 13th, 2017.

One of major irritants for BHIM users were the COLLECT requests from unknown users. The Version 1.3 addresses this major concern.

The new features in this version are:

* New Languages Supported: Marathi, Punjabi & Assamese
Benefit:: This will encourage users from interiors of Maharashtra, Punjab and Assam to transact through BHIM.

* Send money using Phone contacts (To BHIM/*99# users)
Benefit:: Reduces overall transaction time to complete the transaction.

* Blocking/Unblocking feature to protect users from unknown collect requests
Benefit:: Ensures ‘collect’, requests from known users are only acted upon. Minimises fraudulent transactions. Increases the trust factor of BHIM App

* Easy access to saved beneficiaries
Benefit:: Quickly send money to beneficiaries, no need to remember VPA too.

* Scan QR saved in phone gallery to send money
Benefit:: Eliminates wrong keying of VPA details.

* Download transaction history to keep track of your payments via BHIM
Benefit:: Reduces time for reconciliation, encourage users to transact frequently through BHIM

* SBI Maestro are now accepted
Benefit:: Major irritant of State Bank of Account Holders resolved. Read this link for the Indian jugaad

* One time option to edit non-mobile VPA
Benefit:: Choice to users to update their desired VPA
Go ahead and make use of the new features of BHIM 1.3, and spread the Joy of Safe eBanking.




List of Banks Supporting Banks as on 14th April, 2017.  
Allahabad Bank | Andhra Bank | Axis Bank | Bank of Baroda | Bank of India | Bank of Maharashtra | Canara Bank | Catholic Syrian Bank | Central Bank of India | City Union Bank | Corporation Bank | DCB Bank Ltd. | Dena Bank | Federal Bank | HDFC Bank |HSBC | ICICI Bank | IDBI Bank | IDFC Bank | Indian Bank | Indian Overseas Bank | IndusInd Bank | Karnataka Bank | Karur Vysya Bank | Kotak Mahindra Bank |Lakshmi Vilas Bank |Oriental Bank of Commerce | Punjab National Bank | RBL Bank | South Indian Bank | Standard Chartered Bank | State Bank of Hyderabad | State Bank of Bikaner & Jaipur | State Bank of India (SBI) |State Bank of Mysore| State Bank of Patiala | State Bank of Travancore | Syndicate Bank | TJSB | UCO Bank | Union Bank of India | United Bank of India | Vijaya Bank | Yes Bank Ltd

Coming Soon:

Punjab And Maharashtra Co-Operative Bank Limited| Punjab & Sind Bank | Jammu and Kashmir Bank

Comments

Post a Comment

Popular posts from this blog

CERTIFICATE EXAMINATION IN INTERNATIONAL TRADE FINANCE

-
Image
          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the needed skill and knowledge to understand clients' needs
Read more

IIBF-Certificate Examination in Foreign Exchange Facilities for Individuals

-
          The primary objective this IIBF course is to make the branch officials familiar with the FEMA provisions that impact their day to day functioning at the branch level.     This exam is being introduced pursuant to the recommendation of a committee of RBI.           Normally foreign exchange transactions pertaining to individuals are handled at branches only and are not referred to specialised forex cells.           The course covers ‘Foreign Exchange Facilities for individuals under FEMA1999’ RBIs FAQs’ on Forex Facilities for Residents (Individuals) (updated up to November 21, 2014) For full details refer to Reserve Bank of India website: Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Foreign Exchange Management Act, 1999 (FEMA), which came into force with effect from June 1, 2000, all transactions involving forei
Read more

IIBF introduces Self-Paced E-learning courses (SPeL) for its two certificates

-
Image
          Indian Institute of Banking Finance (IIBF) has taken a quantum leap in disseminating knowledge to its members and non-members.           IIBF in April 2019, introduced the Self-Paced E-learning courses (SPeL) concept for banking enthusiasts to be familiar with banking concepts.           In the first stage, IIBF has launched   two certificate courses i.e 1. Digital Banking and 2. Ethics in Banking.           The objective of this self-paced e-learning mode are as follows: • Participants can make the best use of his or her time, in order to meet his or her learning objectives. • Participants can access the course   anywhere/anytime with an internet connection. • Participants need not travel to give their examinations. It saves time and money of the participants. • Opportunity to individuals to obtain new certifications; improve their knowledge in the subject. • With self-paced learning, subjects can be thought in different learning styles. Part
Read more