- Money transfer can be done using Aadhar card
- The process can be completed by following some steps
- Can be used for all types of payments
Let us tell you that BHIM is a UPI based payment interface that allows real time fund transfer using a single identity like your mobile number or name. According to UIDAI, in BHIM, the receiver’s address shows an option to send money using the Aadhaar number. If you are a BHIM user and want to send money using Aadhaar number, then it is very important for you to know these things.
How to send money using Aadhaar number in BHIM: To send or transfer money using Aadhaar number, BHIM users need to enter the 12 digit unique Aadhaar number of the receiver and press the Verify button. After that the system will verify the Aadhaar linking and populate the address of the receiver and users will be able to send money as per the information provided by UIDAI.
According to UIDAI, the money will be credited on transfer to the bank account chosen by the receiver to get DBT/Aadhaar based credit. Simultaneously, Aadhaar number and fingerprint can be used to make digital payments to merchants using Aadhaar Pay POS to receive payments. If a user has accounts in more than one bank and all accounts are linked with Aadhaar, then all accounts can be used to make digital payments. According to UIDAI, while making Aadhaar based payment, you will be given the option to select the name of the bank from which you want to make the payment. Thus the users have the option to select the bank every time they make a payment. Also, while making payment through Aadhaar Pay, your account will be debited online/immediately.