As per the Reserve Bank of India, BBPS will initially accept utility bill payments such as

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Telephone Bill
B	Electricity Bill
C	DTH services
D	All of the Above

Explanation:

Detailed explanation-1: -The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI).

Detailed explanation-2: -Public sector Indian Bank on Sunday said it has unveiled QR code bill payment system for CESC making it as the first power distribution company to offer such an initiative.

Detailed explanation-3: -So far, Paytm Payments Bank Ltd (PPBL) has been undertaking this activity under in-principle authorisation from RBI. “PPBL has got the final approval from RBI to operate as Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007.

Detailed explanation-4: -Bharat Bill Payment System (BBPS) is a RBI mandated system which offers integrated and interoperable bill payment services to customers across geographies with certainty, reliability and safety of transactions.

There is 1 question to complete.