BBPS will provide interoperability so that consumers can pay the bills of any biller at a single point and facilitate payments via multiple modes like Cash, Debit/credit Cards, UPI, Prepaid payment instruments, Net banking, IMPS, NEFT etc. It will lead to significant reduction in paper handling costs, improvement in efficiency and convenience to customers and billers.
Open a current account with Kotak Mahindra Bank and enrol for this service.