Non-Resident Indians can now use Bharat Bill Payment System to pay utility bills and education fees on behalf of their family members in India, according to a Reserve Bank of India circular.
The Bharat Bill Payment System (BBPS) is an interoperable platform for standardised bill payments. Over 20,000 billers are part of the system, and more than 8 crore transactions are processed on a monthly basis.
“…it has been decided to allow foreign inward remittances received under the Rupee Drawing Arrangement (RDA), to be transferred to the KYC compliant bank account of the biller (beneficiary) through Bharat Bill Payment System (BBPS),” the RBI said on Thursday.
An announcement in this regard was made by RBI Governor Shaktikanta Das last month.