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BHARAT BILL PAYMENT SYSTEM 



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BHARAT BILL PAYMENT SYSTEM

Expansion of Biller Categories for Bharat Bill Payment System

Dated 17.09.2019 :   Reserve Bank of India ( RBI ) vide notification dated 16.09.2019 , has announced the decision to permit    all categories of billers (except prepaid recharges) who provide for recurring bill payments to participate in BBPS on a voluntary basis  . 

The Bharat Bill Payment System (BBPS), an interoperable platform for repetitive bill payments, currently covers five segments viz., (i) direct-to-home (DTH); (ii) electricity; (iii) gas; (iv) telecom; and (v) water bills. In order to leverage the advantages of the BBPS and harness its full potential,  RBI has  decided to permit all categories of billers (except prepaid recharges) who provide for recurring bill payments to participate in BBPS on a voluntary basis.  RBI states " Apart from digitisation of cash-based bill payments, these segments would also benefit from the standardised bill payment experience for customers, centralised customer grievance redressal mechanism, prescribed customer convenience fee and the like" . Detailed instructions in this regard  is expected to  issued by the end of September 2019.

 National Payments Corporation of India (NPCI)  launcheded on   31.08.2016  a pilot project called  Bharat Bill Payment  System   ( BBPS )   .  BBPS  is a payment system that facilitates Bill payments / Retail Payments   across India  .   The BBPS  system can be used for Merchant Payments , Bill Payments  etc  .Payments can be either made in cash or through any of the various electronic modes of payment. Cheque payments are not a part of the system. Participants who will function as operating units (OUs), will carry out these transactions for the customers. 

 The policy guidelines for the BBPS system were issued by the Reserve Bank of India on November 28, 2014. The document is available in the following link https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=9368&Mode=0. The BBPS will operate as a tiered structure with a single Bharat Bill Payment Central Unit (BBPCU) and multiple Bharat Bill Payment Operating Units (BBPOUs)
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System is  presently   running on pilot basis involving few participants  

MODUS OPERANDI 

BBPS will be an integrated platform connecting banks and non-banks in bills aggregation business, Billers , payment service providers and retail bill outlets ​. BBPS will facilitate seamless payment of bills through any channel including Agent-Assisted Model at any Agent/BC outlet/bank branch/ online channels ​
BBPS  plans to cover  Electricity Bills , Water Bills , municipal Taxes ,  Gas Supply , telephone , DTH  ,   School / College Fees ,  Insurance , Mutual Funds ,  Credit Card Payments  etc   . In the system , a customer can either walk into an outlet or log on to an OU’s website (  But the pilot project is  running on a  smaller  scale.) . A consumer can walk into these and make the payment by providing the reference number mentioned on the utility bill. The front-end will display the details of the bill and one can pay the amount. 

BENEFITS OF    BHARAT BILL  PAYMENT SYSTEM 

Earlier   a customer  had to go physically  to  a  utility provider   to make payment either in cash or cheque . Now  a days  , most of the  billers / utility companies   are  providing option of  making payment on line through their websites . Some of the bankers are also facilitating payment   through their bank branches  / websites .  New Non banking  companies like Paytm , PayU  etc are also   facilitating  various payment through their web applications / mobile applications . Such payments are facilitated through bilateral arrangements  with utility companies  / billers . In  order to integrate   such payments  in to an uniform system , National Payments Corporation of India (NPCI)  was formed  . It  is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA). NPCI has ten promoter banks namely, State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC. The Board constitutes of Shri Balachandran M as the Chairman, Nominee from RBI, Nominees from ten core promoter banks, two Independent Directors and Shri A. P. Hota, Managing Director and Chief Executive Officer, NPCI.

The Bharat Bill payment system  has been developed by NCPI    to make bill payment convenient ,•  Time saving,  having Uniform experience and flexibility of payment channels •  It aims to give  Reliable service with high degree of trust and security ,  Transparent pricing with instant payment confirmation   and Unified Grievance Handling 
    
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PILOT PROJECT 

The following  Bankers have joined the pilot project launched on 31.08.2016    : 

1.  Axis Bank 
2.  I.C.I.C.I Bank 
3.  IDBI Bank 
4.  Indusind Bank 
5.  Punjab National Bank 
6.  State Bank of India 
7.  RBL Bank 
8.  The Saraswat Co operative bank 
9 . Yes Bank 
10 . Mahesh  Co operative Urban  Bank 
11.  Kotak mahindra Bank 
12 . Punjab & Maharastra Co operative Bank 
13. TJSB Sahakari Bank 
14. HDFC Bank 
15 . Indian bank 
16 .Gopinath-Patil-Parsik-Janata-Sahakari-Bank-Ltd


NON BANKING PARTNERS 

1.   Avenue India Pvt Ltd 
2.  Common services Centers  (Digital seva kendras )
3.  Euronet Services India 
4.  Billdesk 
5.  ITZ Cashcard
6.  One97 communications Ltd  ( paytm )
7.  Oxizen services 
8.  PayU Payments 
9.  Spice Digital Ltd 
10 . Techprocess payment services 
 

Some of the above Banks / Non Banks are already   in the  payment services business and are providing their services for payment of various utilities   through bilateral arrangements  with various billers . One can go to the links of banks  to find out the services  already being provided . 

USEFUL LINKS 
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 Reserve  Bank of India   for  WEBSITE  FAQS on  BBPS System