What Is Bharat QR and How to Use It?

Posted on Friday, January 24th, 2025 | By IndusInd Bank

Digital financial transactions in India are expected to grow from 159 billion in 2023-24 to 481 billion by 2028-29. This predicted threefold growth highlights the country’s shift towards cashless payments. Bharat QR plays a crucial role in this transformation by offering a quick, secure, and accessible way to make digital payments. Launched in September 2016 as part of the Digital India initiative, Bharat QR offers both consumers and merchants a hassle-free way to handle online transactions. 

Given its significance, let’s explore Bharat QR meaning in more detail, its benefits, the steps to use it, and how choosing the right savings account can make a difference.

What Is Bharat QR?

Bharat QR is a unified payment system that leverages a Quick Response (QR) code to facilitate digital payments from your bank account. Developed by the National Payments Corporation of India (NPCI), in collaboration with major payment processors such as Visa and MasterCard, Bharat QR aims to simplify and standardise cashless payments.

The primary goal is to make sure that customers can make payments quickly, securely, and without the hassle of multiple wallets or card swipe machines.

This system has been designed to support multiple payment options, including debit/credit cards, mobile wallets, and even UPI-based payments.

How to Use Bharat QR? A Simple Process Through the IndusMobile App

The technology behind Bharat QR is quite simple yet highly efficient. With just a smartphone, data connection, and the IndusMobile app by IndusInd Bank, you can easily complete transactions. The steps are:

• Open the IndusMobile App and, if you are a new user, complete the registration process
• Log in using your credentials
• Go to ‘Scan QR’ option.
• Scan the merchant’s QR code or enter their ID manually
• Input the payment amount, choose the debit card/savings account you want to use, and confirm the transaction

Wondering how to get the Bharat QR code easily? Reach out to your bank to request the setup of Bharat QR. Once the bank approves your request, they will provide you with a unique QR code that is linked to your bank account. You can print it out and display it at your store or use it digitally on your website. 

Also Read: What is NACH in Banking?

Additional Benefits of the IndusMobile App Beyond Quick QR Payments

From the quick online saving account opening process to hassle-free transactions, here are additional benefits of the IndusMobile App:

• Quick fund transfers: Transfer funds via IMPS, NEFT, or RTGS, and even use SMS, email, or social media platforms for fast transfers -H3
• Cardless withdrawals: Withdraw cash from IndusInd Bank ATMs without your debit card -H3
• Service bookings: Pay bills, recharge mobiles, order chequebooks, and enjoy exclusive cashback offers -H3
• Secure banking: Manage your cards and accounts securely with the quick card-blocking feature -H3
• Instant account opening: Easily open accounts, including zero-balance accounts, with a 100% digital and paperless online process. Get the best savings account interest rate along with other premium banking features in just a few clicks -H3

Want the Best Savings Account for Fast and Secure Bharat QR Payments? Here’s an Option

When it comes to fast and secure Bharat QR payments, selecting the right savings account is non-negotiable. The IndusInd Bank Indus Delite Savings Account is an excellent option, as it offers maximum convenience, security, and ease of access. You can open this zero-balance savings account online through the IndusMobile app or directly from the bank’s website.

Once your account is set up, enjoy hassle-free Bharat QR transactions and additional perks, such as:

Complete the zero balance account opening online process with IndusInd Bank today!

Key Takeaways

Using the Bharat QR code means benefiting from a fast, efficient, and highly secure method of making payments. Whether you are shopping at a local store, paying utility bills, or purchasing online, Bharat QR allows you to make quick payments directly from your bank account without the need for a physical card or cash. Its wide acceptance, compatibility with mobile banking apps, and the assurance of secure, contactless transactions make it a must-have tool in today’s digital-oriented world.

For an even better banking experience, consider the Indus Delite Savings Account. This zero-balance account offers not just the convenience of Bharat QR but also additional advantages like a high interest rate, customised account numbers, cashback offers, exclusive discounts, complimentary insurance coverage, and 24/7 access through the IndusMobile app.

Apply today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.