RBI Amends Guidelines for Bharat Bill Payment System

RBI Amends Guidelines for Bharat Bill Payment System

Reetu | May 26, 2022 |

RBI Amends Guidelines for Bharat Bill Payment System

RBI Amends Guidelines for Bharat Bill Payment System

The Reserve Bank of India (RBI) vide Circular No. RBI/2022-2023/58 (CO.DPSS.POLC. No. S-253/02-27-020/2022-23) dated 26.05.2022 amends the Guidelines for Bharat Bill Payment System.

The Circular is Given Below:

This has reference to the guidelines on Bharat Bill Payment System (BBPS) issued by the Reserve Bank of India (RBI) vide circular DPSS.CO.PD.No.940/02.27.020/2014-2015 dated November 28, 2014. As announced in the Statement on Development and Regulatory Policies dated April 08, 2022, the minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 crore. The BBPS guidelines have been suitably amended.

2. This circular is issued in accordance with Section 10 (2) of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007) and takes effect immediately.

For Official Circular Download PDF Given Below:

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"




Author Bio
My Recent Articles
RBI improves Digital Payments this Diwali Season, Sets High UPI Transaction Goals Tax Return: More than 9.54 Lakh Crorepati Taxpayers filed ITR until October 31 Government may be deferred Pillar-2 Tax Rules citing Limited Gain Income Tax Vivad Se Vishwas Scheme 2.0 comes into Effect; Know all about it CBI arrested Two GST Officials for Demanding Bribe of Rs.4 LakhView All Posts