BBPS

Bharat Bill Payment System (BBPS) will function as a tiered structure for operating the bill

payment system in India with a single brand image providing convenience of ‘anytime anywhere’ bill payment to customers.

The objective of the BBPS is to implement an integrated bill payment system in the country

that offers interoperable and accessible bill payment services to customers through a network of agents, enabling multiple payment modes, and providing instant confirmation of receipt of payment.

The Bharat Bill Payments System (BBPS) is a payment channel system conceptualized by Reserve Bank of India (RBI) and driven by National Payments Corporation of India (NPCI) a subsidiary of RBI. It is a one-stop payment platform for all bills providing an interoperable and accessible “Anytime Anywhere” bill payment service to all customers across India with certainty, reliability and safety of transactions.

Category of Billers in Bharat BillPay: The category of billers eligible to participate in Bharat BillPay will be specified from time to time by Reserve bank of India (RBI). The current categories specified are as follows:
1.Electricity
2.Telecom (Mobile Post-paid, Landline Post-paid and Broadband)
3.DTH
4.Gas
5.Water

The Malad Sahakari Bank Customer is requested to initiate Bharat BillPay transaction through Mobile Banking by registering and downloading MSBL IMPS Mobile Application (It will start from 01-October, 2019) or can visit nearest Bank Branch.(Currently BBPS service is enabled in Kurar Village Branch and Main Branch)