BBPS Bharat Bill Payment System
The Bharat Bill Payment System will make the group of the utility bill payment comfortable and handy. The system will offer service to collect payments for the customer's insistent activities. For instance, telephone bill, electricity bill, water bill, etc.. The machine will expand its functions to collect payments for the services other than, like government taxation, school fees, mutual fund payments, insurance premiums, etc.as notified by RBI from time to time.
Net banking (IMPS, NEFT)
Online facility to generate bill payments will be provided. Service centers will be available in bank branches, the ATMs, and agents' place. Multiple modes for making payments such as debit or charge cards, e-wallets, money, net banking, etc.will be accessible.The largest benefit is that the bill could be paid anytime and anywhere. There could be retail factors for bill payments across the country who would have the ability to accept all kinds of invoices payments made through credit cards, debit cards, mobile wallets, net banking (IMPS, NEFT). The BBPS outlets would include banks, ATMs, business correspondents, kiosks, etc. and payments would be made securely through the NPCI system with instant receipts becoming generated.