Banking Awareness 37: Bharath Bill Payment System(BBPS).

Are you willing to know the detailed information about Bharath Bill Payment System(BBPS)? Here is the article which provides you the clean and clear information about the Bharath Bill Payment System(BBPS). BBPS is an integrated bill payment system in India. It offers an interoperable and accessible bill payment service to the customers through a network of an agent who has been registered as a member of an agent, they can enable a multiple number of payment modes and also it provides the instant confirmation of the payment.

Here is the working procedure of the BBPS:-

  • If you have a single bill payment then you will get repetitive payments for everyday services like electricity, water gas, telephone, and Television Services.
  • According to the central bank tiered Structure, it allows the customers to use a single bill payment platform.
  • It is one type of Central System, which connects all the billers.
  • Here RBI has authorized the National Payment Corporation of India to act for BBPS in this project.
  •  Like many other services BBPS also provides all charges and fees which are associated with the payment facility.
  • Through this BBPS, you need not visit any individual billing companies or physical outlets to pay your bill.