We are living in a digital era, everything around us, is going digital and so are the payment transactions. Digital Payments are transactions that take place via digital or online modes, with no physical exchange of money involved.
The government of India has been undertaking several initiatives to promote and encourage digital payments in the country. Now, you can send money using the Aadhaar Number of recipients.
If the person to whom you want to send money does not have a UPI address, then then you can send money using the Aadhaar number of the receiver. This can transfer money using BHIM app. Let's know the whole process.
According to the information provided by the Unique Identification Authority of India (UIDAI), this option of sending money using Aadhaar Number is clearly visible in beneficiary Address in BHIM.
How to Send Money Using Adhaar Number?
As per information provided by UIDAI, for sending or transferring money using Aadhaar Number in BHIM, you need to enter Aadhaar Number of beneficiary and press verify button. System will verify Aadhaar Number and beneficiary address.
Which Account of the Recipient will get credited when money is sent to Adhaar in BHIM?
The bank account of the recipient chosen by him to receive DBT/ Adhaar based payments will get credited. It can also be noted that you can use Adhaar Number and fingerprint to make digital payment to merchants who use Adhaar pay POS for receiving payments.
You can know that all accounts can be used for making digital payments. While making Aadhaar Based Payment, you will be given an option to choose the bank name from which you want to pay. Thus, you have the choice of deciding bank, each time you make payment.
