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Website. Official Website. Bharat Sanchar Nigam Limited (abbreviated as BSNL) is a state-owned telecommunications company, based in India, owned by the Government of India. It operates as a central public sector undertaking with its headquarters in New Delhi, India. BSNL falls under the jurisdiction of the Department of Telecommunications ...
History. Bharat Sanchar Nigam Limited (BSNL) was incorporated on 15th September 2000. It took over the business of providing telecom services and network management from the erstwhile Central Government Departments of Telecom Services (DTS) and Telecom Operations (DTO), with effect from 1 October 2000 on a going concern basis, in early days it was known as CellOne for GSM mobile services ...
The National Payments Corporation of India is an organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment ...
Bharat Bill Payment System. Bharat Bill Payment System (BBPS) is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered members as Agent Institutions (AI), enabling multiple payment modes, and providing instant confirmation of payment. [1]
Upon successful transaction, the money gets credited in the account of the receiver instantly. This facility is available 24/7 and can be used through mobile banking application. Some banks have also started providing this service through internet banking profile of their customers.
Unified Payments Interface (UPI) Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [1] [2] A payment system is an operational network which links bank ...