NPCI has authorized our bank to become which unit In BBPS platform.

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

A	Only Biller operating unit
B	Only customer operating unit
C	Both Biller & Customer Operating unit
D	None of the above

Explanation:

Detailed explanation-1: -The National Payments Corporation of India (NPCI) has been authorized by the RBI as the Bharat Bill Payment Central Unit (BBPCU), which is responsible for setting business standards, rules and procedures for technical and business requirements for all participants.

Detailed explanation-2: -The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI).

Detailed explanation-3: -The Bharat Bill payment system is a Reserve Bank of India (RBI) conceptualised system driven by National Payments Corporation of India (NPCI).

Detailed explanation-4: -The National Payments Corporation of India (NPCI) will function as the authorized Bharat Bill Payment Central Unit (BBPCU) to set the standards for BBPS processes which need to be adhered to by all operating units under the system.

There is 1 question to complete.