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      • Your transaction may be declined due to any of the following reasons: Either of the bank servers might be temporarily down. In that case, kindly wait for some time before you re-initiate the transaction. It might be a suspected case of a fraudulent transaction. The beneficiary details you entered might be incorrect.
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  2. Apr 23, 2019 · Agashe said the main reason for users shifting from BHIM to other apps is promotional offers. (Abhijit Bhatlekar/Mint) Digital transactions got a leg up post demonetization in November 2016...

  3. Aug 25, 2024 · Launched during the height of demonetisation when the entire country was grappling with shortage of currency notes, Bhim (Bharat Interface for Money) was lapped up initially.Its big advantage was that it worked across merchant outlets and for all forms of retail payment. But once that urgent need ebbed, BY. Pratik Bhakta. ETtech.

  4. If you are getting an error while trying to link a Minor A/c or Joint A/c on BHIM, you may have to contact your bank. In case you are trying to link an account type that is not supported by your bank’s internal policy (Minor, Joint, Dormant A/c etc.), kindly contact your bank.

  5. Aug 31, 2023 · However, there are times when your transaction may fail or decline. Read on to find out the probable causes for so. When Does Your BHIM UPI Transaction Decline? Bank server error- The most common reason why your BHIM UPI transaction may decline is due to a temporary bank server downtime.

  6. Jan 25, 2023 · There may be several reasons due to which your transaction gets declined. Below are some: The bank servers may be temporarily down. You need to wait for some time, when you encounter such scenario...

  7. Oct 16, 2023 · If you are a State Bank of India (SBI) customer and are facing some technical issues while using UPI for your transactions, SBI has stated the reason. SBI UPI services are facing intermittent fluctuations due to technology upgradation activities, stated the PSU lender on social media.

  8. Jan 3, 2017 · Within just three days of the launch of BHIM (Bharat Interface for Money) on Android, the app recorded three million downloads and have enabled over five lakh transactions. The simplicity of BHIM and UPI is actually confusing users who are otherwise used to the tedious process of online banking.