BHIM 3.0: From splitting expenses to tracking monthly expenditure - Here are some key features

This is the third evolution of BHIM, launched in 2016 by Prime Minister Narendra Modi. Several changes have been introduced to make the platform more customer-friendly and intuitive. Let's have a look at the key features

Split Expenses: You can now split bills with friends and family seamlessly. The BHIM app allows users to divide expenses and make payments directly.

Family Mode: This feature lets users onboard family members, track shared expenses, and assign specific payments. This feature is helpful in better financial planning.

Spends Analytics: It offers an intuitive view of monthly expenses and spending patterns. It automatically categorises expenses, helping users analyse and manage their budget.

Action Needed: It has a built-in task assistant to remind users of pending bills linked to the BHIM app.

It is to be noted that BHIM 3.0 is being rolled out in phases across platforms.