Tuesday, September 17, 2019, 8:11 AM
RBI allows payment of all recurring bills through BBPS
In a consumer friendly initiative, the RBI on Monday expanded the scope of Bharat Bill Payment System (BBPS) to cover all repetitive bill payments, which may include school fees, insurance premiums and municipal taxes. Currently, the facility of payment of recurring bills through BBPS is available only in five segments direct to home (DTH), electricity, gas, telecom and water.