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NRIs can pay bills of their families in India directly through BBPS

Published on August 06, 2022
Current Context: Non-Resident Indians (NRIs) can pay the bills of their families in India directly through Bharat Bill Payment System (BBPS).
NRIs can pay bills of their families in India directly through BBPS
  • RBI decided that NRIs can pay electricity, telephone, and other bills of their families in India through Bharat Bill Payment Systems (BBPS).
  • NRIs can soon be able to directly pay bills on BBPS, without sending money to Indian accounts and using it to pay bills.
  • BBPS is a one-stop financial framework developed by the National Payments Corporation of India (NPCI) for the payment of bills that is interoperable and accessible at any time from anywhere. It has been authorized by the Reserve Bank of India (RBI).
  • The BBPS platform will act as a facilitator for the payments between the individual utilizing the service, service providers, and those who make payments. BBPS will form a bridge between the NRIs, their families in India, and service providers.
  • BBPS has various payment options such as payment via cards(debit or credit), NEFT, UPI, or wallet. A customer complaint option has been provided to support customers regarding any grievances.
  • Static Knowledge:
    • RBI governor - Shaktikanta Das
    • RBI headquarters - Mumbai
    • RBI was formed - on 1 April 1935
    • CEO of NPCI Bharat BillPay Limited (NBBL) - Noopur Chaturvedi

Question: 

Q.1 RBI has approved that NRIs can pay bills of their Indian families directly through which payment system?
a. Paytm
b. Bharat Bill Payment System
c. PhonePe
d. Razorpay

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