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BHIM UPI transactions : When do BHIM UPI transactions get declined?


BHIM UPI transactions : When do BHIM UPI transactions get declined?

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BHIM UPI transactions : When do BHIM UPI transactions get declined? | The Economic Times

Bharat Interface for Money (BHIM) is a UPI-based payment interface that enables real-time financial transfers with a single identification, such as your mobile number or name. UPI is a simple payment technique that enables digital money transfers from one person to another. It is comparable to IMPS, NEFT, and RTGS transfers. Here are a few important FAQs on BHIM transactions, as per the BHIM UPI FAQ page.

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Why is my transaction getting declined?

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Why is my transaction getting declined?

Either of the bank servers might be temporarily down. In that case, kindly wait for some time before you re-initiate the transaction.

· It might be a suspected case of a fraudulent transaction.

· You might have entered the wrong UPI PIN.

· The beneficiary details you entered might be incorrect.

· Your mobile number might be linked to multiple types of accounts in the same bank.

· If you’ve changed your mobile number linked to your bank account then there is a possibility that the bank hasn’t updated your new number due to which you will not be able to complete your transaction. In this case, kindly contact your bank.

· The transaction you’re trying to complete might be a violation of your bank’s policy. In this case, kindly contact your bank.

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What can I do with BHIM?

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What can I do with BHIM?

You can transfer and receive money from any person using UPI

· You can pay bills on merchant websites with UPI

· You book flight tickets or recharge your mobile

· You can scan a QR code to make quick payments

· You can check your transaction history on UPI

· You can send money to Account and IFSC code

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Where and how can I pay using BHIM?

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Where and how can I pay using BHIM?

· Pay your friends or relatives directly through their UPI ID.

· While shopping online, click on the ‘Pay by UPI/BHIM’ option

· Scan UPI QR/BHIM OQ code at merchant outlets to make payments

· Scan UPI QR/BHIM QR at merchant outlets.

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What methods are available on BHIM for sending money?

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What methods are available on BHIM for sending money?

· BHIM users can send money by using one of the following details of the beneficiary.

· VPA (Registered on UPI)

· Mobile No. (Registered on UPI)

· Account Number and IFS code

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Is there a limit to the amount of money that can be sent using BHIM?

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Is there a limit to the amount of money that can be sent using BHIM?

A user can send up to Rs 100,000 per transaction and a maximum of Rs 100,000 per day for one bank account. This limit is available per bank account linked on BHIM.

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How many VPAs can be added to BHIM?

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How many VPAs can be added to BHIM?

BHIM allows you to use two VPAs. First one is the default VPA (mobile number@upi). You can create the second one, by going to the ‘My Profile’ page.

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I have multiple accounts linked to the same mobile number. Which accounts can I use for sending/receiving money?

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I have multiple accounts linked to the same mobile number. Which accounts can I use for sending/receiving money?

The account which you have selected will be displayed on the top left with the bank’s icon. That will be your default bank where you will be receiving money. While sending money you will be having an option to select your debit account.

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Can I save the beneficiary details for later transactions?

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Can I save the beneficiary details for later transactions?

Yes, you can save details of the beneficiary for future transactions. While sending money to a receiver, you have to click on the option ‘Add to Favourites’.

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