DIGITAL BANKING DEPARTMENT

BHIM Aadhaar Pay was launched by government of India on 14th April, 2017 as a merchant based mobile application for accepting payments from customers. It is a mobile based application wherein a merchant receives payment from the customer after biometric authentication of customer is successful. The payment can be made against any goods or services availed by the customer from the merchant. Under this product, any customer availing goods or services from a merchant and having any bank account linked to his/her Aadhaar can make payments for the goods or services availed. The customer’s account is debited and merchant receives payment only after the successful authentication of customer’s biometrics from UIDAI.

BHIM Aadhaar Merchant Incentive Scheme

Merchant Incentive Scheme (maximum incentive up to Rs. 2000/- every month)

BHIM Aadhaar Pay App user who has declared himself/herself as Merchant and is receiving payments via BHIM Aadhaar app will be eligible for an Incentive of 0.5% of the transaction value with minimum incentive as Rs.2 and upper cap of Rs.50 per Transaction. Maximum transaction limit is Rs10, 000/- only.
The incentive scheme is valid till 31-03-2019.

BHIM Aadhaar Pay is Aadhaar based payment interface which allows real time payment to Merchant using Aadhaar number of Customer.

It is a 12 digit unique identification number that stores demographic and biometric information of the resident with photograph issued by Unique Identification Authority of India.

Merchants can initiate transactions where customer can pay money using their Aadhaar no and authenticate it using their biometrics for the goods and services purchased.

Merchant can View the transaction whether it is Successful transaction, Pending Transaction or Failed Transaction.

Customer can pay using Aadhaar number & biometrics at all merchant locations where BHIM Aadhaar Pay is accepted.
Merchant will enter customer details and amount in his BHIM Aadhaar Pay App and customer has to provide his biometrics on the Merchant App after selecting his bank.

BHIM Aadhaar Pay is available for all Android Smart phones. The minimum requirement for Android version is 5.0 or above.

No, you need a stable internet connection to login and transact with the customer.

Limit on Value of Transaction: The maximum per transaction limit is Rs10, 000 (as maximum incentive is capped at Rs.50, at 0.5% of transaction value)
Limit on number of transaction: The maximum number of transactions per consumer is 3 per day.
Thus, a consumer can avail either the limit of maximum amount of Rs10, 000/- or maximum three transactions whichever is earlier.

It is a Scheme started for the merchants. Under this scheme Merchants are provided an incentive of 0.50% of transaction value for each transaction performed by them using BHIM Aadhaar App w.e.f 01st April, 2018 till 31st March, 2019.
Maximum Incentive that can be received by a merchant for a single transaction is Rs50/- and the Minimum Incentive for a transaction is Rs2/- w.e.f 01-04-2018

The Maximum Incentive which can be earned by the Merchant in a month is Rs.2000/-

For the purpose of merchant Incentive Scheme, a Merchant would be defined as:
Any entity which is engaged in trading of goods and services and is receiving the payment through BHIM Aadhaar App of the Banks using Aadhaar Authentication of Customer.

Aadhaar Authentication should be done by merchant using a registered biometric device.

BHIM Aadhaar Pay service is available round the clock i.e. 24x7.