Friday, August 5, 2022

NRIs can pay electricity, phone bills of families in India directly via Bharat Bill Payment System now

The Reserve Bank of India (RBI) has announced that NRIs will be able to pay utility bills, education fees etc directly via Bharat Bill Payment System (BBPS). This will help NRIs in making payments for their senior citizen parents or for the property in India owned by them. BBPS is a payment system conceptualised system by RBI and driven by the National Payment Corporation India (NPCI).

from Personal Finance News-Wealth-Economic Times https://ift.tt/vbE4L18

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