MoneyWorks4Me

HDFC Bank goes live with Bharat Bill Payment System

08 Feb 2017 Evaluate

HDFC Bank has gone live with the Bharat Bill Payment System (BBPS) that is aimed at easing utility and other repetitive bill payments for consumers. The bank’s customers can avail of BBPS after logging onto the Net Banking page.

A customer can pay multiple bills from a single platform without the hassle of visiting multiple websites or issuing individual cheques, or also registering billers with her bank for standard instructions for debit.

The BBPS is a centralized system created by the National Payments Corporation, involving banks and non-banks and allows agents to access bill payments services in an interoperable manner.


Peers
Company Name CMP
HDFC Bank 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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