Prime Minister launched two new offers to reward BHIM users
BHIM, also known as Bharat
Interface for Money, was launched by Prime Minister Narendra Modi on December
30, 2016 to provide a tool that can be a one-stop solution for all digital
payments. Check full details here
Prime Minister Narendra
Modi has also launched two new offers to reward BHIM users.
These two schemes are:
1. BHIM Referral Bonus Scheme
(For Individuals)
The Referral Bonus scheme
will incentivize existing BHIM users for bringing new users on the BHIM platform
and encouraging the new users to do transactions with others using BHIM or by
referring new users on BHIM. Hence, the bonus will be paid to both the referrer
and the new user of BHIM (referee).
- The
referral will be considered successful only after 3 unique successful
financial transactions have been completed by the new user.
- On
completion of minimum 3 unique successful transactions totaling only Rs 50
to any 3 unique users (either to customers or to merchants), the referrer
and the referee will be notified about the bonus amount via notification
in BHIM app.
- The
referrer will get Rs 10 per successful referral, while the new users will
get Rs 25 for downloading and transacting from BHIM App.
2. BHIM Merchant Cashback
Scheme
The scheme incentivizes not
just one-time adoption of BHIM by merchants, but will also encourage
transactions via BHIM mode (either QR code or VPA or Mobile number or 'Pay to
Aadhaar').
- The
cashback to the merchant can be up to Rs 300 per month, with each merchant
eligible to win up to Rs 1800 in 6 months.
