New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Bharat Bill payment system (BBPS) is a one-stop

    ecosystem for payment of all bills providing an interoperable and accessible bill payment service across India. Which of the following recurring payments are currently not live on BBPS?
    A Electricity Correct Answer Incorrect Answer
    B Insurance Correct Answer Incorrect Answer
    C Mutual Funds Correct Answer Incorrect Answer
    D Telecom Correct Answer Incorrect Answer
    E All of the above are live on BBPS Correct Answer Incorrect Answer

    Solution

    The Bharat Bill payment system (BBPS) is a one-stop ecosystem for payment of all bills providing an interoperable and accessible bill payment service across India. It is conceptualized by RBI and driven by National Payments Corporation of India (NPCI). All recurring payments will be a part of Bharat BillPay ecosystem. The current live categories part of Bharat BillPay are as follows:

    • Electricity
    • Telecom (Mobile Post-paid, Landline Post-paid and Broadband)
    ·         DTH ·         Gas-Piped-line ·         Water ·         LPG Gas Booking ·         Insurance (Life, General, Health) ·         Loan Repayments ·         FASTag Recharge ·         Cable ·         Education Fees ·         Housing Society ·         Municipal Taxes ·         Municipal Services ·         Hospital ·         Subscription Fees   Other categories not under BBPS currently are mutual funds, credit cards, recurring deposits,clubs and association, metro recharge etc. These would be covered under Bharat BillPay in due course too. 

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