Soon payment of school fees, water bill, municipality tax, telephone bill, mobile bill, credit card bill will be made easier for all Indians.
Consumers will now be able to make payment of all the utility bills at one place, along with that they will get “Bharat Bill Payment Outlet” with ATM, Business correspondent. Means to make payment of all utility bills you will not have to go at different websites of different companies, but you can make payment of all the bills in a single website only. National Payment Corporation of India Limited (NPCCI) is soon going to start Bharat Bill Payment System.
Bharat Bill Payment System (BBPS) is an integrated bill payment system that will enable payment services online or through an offline network. Payment can be made through multiple modes and the users will get instant confirmation.
As per the official reports preparations are going on to launch Bharat Bill Payment system in India in upcoming one or two months, 38 banks and 7 companies have got the permission from RBI to take the payments. Along with all the major banks, companies like Oxigen, aggregators like Bill desk will open outlet for Bharat Bill Payment System.
Customers will get the facility to make payment of electricity bill, school fees, university bill, municipal tax, telephone bill, DTH bill, mobile bill, credit card bill, and insurance premium payment.