Charges for BHIM: There are no charges for making transaction through Bharat Interface for Money.
However banks might levy a nominal charge as UPI or IMPS transfer fee.
[Content source: National Payment Corporation of India (NPCI).]
Is there any charge for UPI transfer?
Presently, the UPI is a free of cost fund transfer mode. The NPCI has, however, given indications that the charge for UPI transactions would fall in the range of Rs. 0.50. This is a negligible amount and won’t be a problem for any user who wishes to use this service.
Is Bhim app free of cost?
Unlike what has been perceived, indigenous digital payments app BHIM, launched by prime minister Narendra Modi, is not free. The BHIM (Bharat Interface for Money) app is available for free on the Google Play Store, but users have reported that Rs 1.50 gets deducted from their mobile account balance.
Is Bhim a payment gateway?
BHIM/UPI is a P2P (person to person) fund transfer mechanism meant to be used with mobile phones. The most attractive aspect of this payment method to the merchant is that there are no charges for receiving money from customers and the payment reflects instantly in the merchant’s bank account.