BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these payment modes can be used for payment over BBPS?
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Cash
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Transfer Cheques
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Electronic modes
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All of the above
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -Different Payment Modes The payment modes options facilitated under the ecosystem are Cards (Credit, Debit and Prepaid), NEFT Internet Banking, UPI, Wallets, Aadhar based Payments and Cash.
Detailed explanation-3: -What is BBPS? BBPS was introduced by the Reserve bank of India. This was designed to offer an integrated, interoperable bill payment system for customers. BBPS facilitates the conversion of bill payments from cash to an electronic channel.
There is 1 question to complete.