Bharat Bill Payment System: There is good news for Indians living abroad. Indians living abroad will be able to pay school fees ranging from electricity bills of their family members living in the country even after staying outside the country. While announcing the monetary policy, RBI has announced the introduction of this facility.
NRIs can pay utility bills
RBI has said that they are going to make the facility of Bharat Bill Payment System available for NRIs living abroad as well. With the introduction of this facility, non-resident Indians will be able to pay all types of utility bills to education fees in lieu of family members residing in the country. Bharat Bill Payment System (BBPS) is an interoperable platform for making bill payments. More than 20,000 billers are connected to this system and every month more than 80 million transactions are seen on this platform.
Big advantage for senior citizens
Let us tell you that only people living in India can use Bharat Bill Payment System (BBPS). Announcing the launch of this facility for NRIs as well, RBI Governor Shaktikanta Das said that the Bharat Bill Payment System has brought a big change for the users in the methods of bill payment. Now this system will also accept inward bill payments from across the border. He said that for this NRIs will be able to pay all utility, education and other bills in exchange for their family members. He said that the biggest benefit of this would be to the senior citizens. RBI will issue guidelines in this regard soon.