Bharat Bill Payment System (BBPS) of National Payments Corporation of India is an integrated online platform for utility bill payments. Platform Bank provides an interoperable service through digital and network of agents including internet banking, mobile banking and retail outlets, enabling consumers to pay their bills anywhere and anytime. On successful transaction, the consumer will receive an instant confirmation and receipt.
An SMS will also be sent by the bank or non-bank. BBPS currently covers Electricity, Telecom (Landline Postpaid, Mobile Postpaid and Broadband Postpaid), Gas, Water and DTH. BBPS will eventually expand to more categories. There are few simple steps to pay your bill using Bharat Bill Payment System.
What exactly is the Bharat Bill Payment System (BBPS)?
Bharat Bill Payment System (BBPS) is a conceptual system of the Reserve Bank of India (RBI) operated by the National Payments Corporation of India (NPCI) to provide consumers with digital (bank channels) as well as interoperable and Provides convenient bill payment services. Agents and Bank Branches.
What are the advantages of utilising the Bharat Bill Payment System (BBPS)?
The biggest advantage is that the consumer has “control” over all his bills, which can be paid anywhere and anytime. Transactions can be completed through any customer-facing channel, whether electronic (such as the Internet, mobile, kiosk ATMs, and so on) or physical (such as branches and retail outlets across the country) or cash , Card, through IMPS, and so on.
Will I receive a payment receipt once I’ve made my bill payment?
Once the transaction is successfully completed, the consumer will receive an instant confirmation and receipt. Bank/Non-bank will also send an SMS.
What types of recurring payments are available?
Through any Bharat BillPay enabled channel, consumers can make all recurring payments such as electricity, telecom, DTH, gas, water bills, insurance, loan repayment, education fees, FASTag recharge, municipal taxes, housing society, membership fees, And so on in the same window.
How is payment done?
This provision is available only for vendors who are on-boarded with Bharat Bill Pay.
Prior to payment, the consumer has to verify and recheck the amount to be paid and then the consumer can make the payment through net-banking or wallets or UPI or cards depending on the acceptance of the paying seller.
And once the consumer accepts the payment and sends the payment, he gets an instant confirmation on screen mobile/web with BayAssured logo.
As the new changes are rolled out, consumers – through BBPS – will now be able to make recurring payments such as rent and college fees, and non-recurring payments such as professional fees to doctors or chartered accountants.
How to Use the Bharat Bill Payment System to Pay Bills
If you want to pay your bill using Bharat Bill Payment System, follow these steps.
- Step 1: First and foremost, you need to connect to your bank’s internet banking or app, or visit a bank, branch or retail outlet.
- Step 2: Next, select the Bill Payments or BBPS tab.
- Step 3: Select the biller category and enter the bill details here.
- Step 4: Finally, you have to make the payment and get instant confirmation.
By following these steps you will be able to pay your bill using Bharat Bill Payment System.
What is BBPS?
It is an integrated bill payment system that differs from many other wallet and digital payment services in that it is interoperable (i.e., payments can be sent across channels). It is a bill payment service through a network of agents, which enables multiple payment modes and provides instant confirmation of payment.
So, if one wants to pay his/her electricity or water bill, instead of sending money through credit card, one can make the payment through any payment mode chosen under BBPS.
BBPS is also integrated with UPI (Unified Payments Interface) for easy payments through UPI enabled smartphones.
Services offered on WhatsApp
People who have registered their policies on LIC portal can avail the following services on WhatsApp
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