The full form of BBPS is Bharat Bill Payment System. It is a one-stop bill payment system introduced by the Reserve Bank of India (RBI), and it is driven by the National Payments Corporation of India (NPCI). This method of payment provides interoperable and accessible bill payment service to customers digitally as well as through a network of agents and bank branches. RBI now wants to allow cross-border inward payments. Earlier this option was only available in India. This is what is BBPS payment means.
Pay your utility bills using NoBroker and earn surprising cashback and rewards!Since we are talking about the Bharat bill payment system, let us understand what bills can you pay with the BBPS payment system.
Through the Bharat Bill Payment system, you can pay for different types of utility bills such as electricity, telecom, DTH, gas, water bills, etc. You can also pay for insurance premiums, mutual funds, school fees, institution fees, credit cards, fastag recharge, local taxes, housing society payments, etc.
Through BBPS you can opt for different payment mediums such as Internet, Internet Banking, Mobile, Mobile-Banking, Mobile Wallets, Kiosk, ATM, Bank Branch, Agents and Business Correspondents.
This is what I have to say about what is BBPS. I hope I was able to clear your doubt.
Read more:
How to pay electricity bill? How to pay rent using debit card and credit card? Bharat bill payment system BBPS customer care numberYour Feedback Matters! How was this Answer?
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What is BBPS payment?
Sahani
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2022-08-23T21:54:55+00:00 2022-08-24T18:09:39+00:00Comment
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