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SBI Pay

BHIM SBI Pay

Last Updated 15th Jan 2021

  • SBI UPI app allows you to transfer funds online from one bank to another.
  • You can also make online bill payments, recharges and much more with UPI app.
  • SBI’s UPI payment system is integrated with its mobile banking app - BHIM SBI Pay.
  • SBI UPI app can be downloaded by Google Play Store or Apple Store.
  • SBI has a transaction limit of ₹ 1 Lakh on its UPI app.
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SBI UPI

The State Bank of India launched its own mobile payments app named BHIM SBI Pay app. BHIM SBI app lets users do UPI transactions with ease. It can be used by SBI account holders as well as customers of other UPI-enabled banks. The transfer of funds is carried out through Virtual Payment Address (VPA). Within seconds you can transfer funds and make payments. You must register with the same mobile number, which is linked to your bank account, and you also need to have a debit card.

How to Register for SBI UPI?

To register for SBI UPI, you have to follow these steps:

  • Start by downloading the 'BHIM SBI Pay' app from the app store of your mobile.
  • Next, enter your mobile number, which is registered with your bank account and verify it.
  • After your mobile number is verified, enter your name and then move to the next step.
  • Now, select the bank in which you have your account and then select the account number and click on 'Register'. Follow it up by choosing a 6 digits password.
  • Now, enter your debit card details, set up an m-PIN, and a registration message would be sent to your mobile number.

How to Collect/ Receive Money From SBI Pay?

You can collect or receive money from SBI Pay by using following steps:

  • Open BHIM SBI Pay on your mobile.
  • Tap on 'Collect/Receive' option.
  • Enter the VPN of the from whom ypu want to receive money, enter the amount and then click on 'Request'.

Benefits of BHIM SBI Pay

Some of the popular benefits of BHIM SBI Pay are:

  • You can make cashless payments on the go to any person without requiring details like account number and IFSC code.
  • You can make Quick scan payments to merchants in real-time.
  • The BHIM SBI App also provides various other services like paying bills, recharging mobile and DTH services, etc. Having such services on the app makes it a one-stop solution for various other things apart from making UPI Payments.
  • You can add all your bank account to the app and connect them to UPI.
  • Complete safety of your transactions and accounts as the UPI network is 100% safe. Plus it is backed by RBI.

Features of SBI BHIM App

SBI offers following features on its BHIM UPI app:

  • You can make easy payments through BHIM SBI pay app by adding VPN, scanning QR code, or through account number and IFSC code.
  • You can also do a prepaid and postpaid recharge of your mobile and DTH.
  • BHIM SBI Pay app also gives the feature of ordering food from your favourite restaurants through Swiggy, Faasos, Freshmenu and Behrouz Biryani.
  • You can also pay your electricity, gas, broadband, landline and water bills without any hassle. You can also set reminders for bill payments.
  • In addition, you can also explore local deals near you on Spa & saloons, Buffets, weekend activities and more.

SBI UPI Transaction Limit

The UPI transaction limit for one day is a maximum of ₹ 1 Lakh. Thus, you cannot make UPI transactions worth more than ₹ 1 Lakh in a day through BHIM SBI Pay.

Timings of SBI Pay App

The UPI transactions from BHIM SBI Pay can be done 24*7, 365 days with a real-time transfer of funds. Therefore whether it is a national holiday or bank holiday, you can still make payments and receive money through UPI.

Charges of SBI Pay

Currently, there are no charges for UPI transactions made through BHIM SBI Pay.

FAQs

How can I get an SBI UPI ID?

You can download the BHIM SBI Pay, enter your basic details like Name, DOB, etc. in the UPI section. After which you can link your bank account and enter your desired 6 digit UPI PIN to get your SBI UPI ID.

Does SBI charge UPI transactions?

Currently, there are no charges for UPI transactions by any bank on any app.

What is BHIM SBI pay?

The BHIM SBI Pay is UPI mobile application from SBI. Through this app, an individual with a bank account in any of the bank linked with UPI can create its UPI ID and make transactions.

What is UPI in SBI?

Unified Payment System or UPI is a real-time payment system which facilitates the transfer of funds from one bank account to another. The system has been developed by National Payments Corporation of India (NCPI). Users can transfer funds through UPI from their mobile.

What is SBI UPI address?

The SBI UPI address refers to the Virtual Payment Address which is created for each user when they register for UPI. It is an address which is used in place of information like account number and IFSC code to facilitate the real-time transfer of funds through UPI safely and seamlessly.


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