Bharat BillPay: Your All-in-One Solution for Managing Recurring Payments

Posted on Thursday, November 14th, 2024 | By IndusInd Bank

Are you tired of juggling multiple payment deadlines each month or worried about missing important bills? Managing recurring payments can be a time-consuming and sometimes stressful task. From keeping track of several due dates to making each payment on time, the challenges are countless. That’s where Bharat BillPay (now known as Bharat Connect) plays a crucial role. It is an initiative conceptualised by the Reserve Bank of India (RBI) and managed by the National Payments Corporation of India (NPCI).  

Let’s explore the essentials of Bharat BillPay, its benefits, steps to use it for payments, and how the right current account can help you take full advantage of its features.

What is Bharat BillPay?

Bharat BillPay is a secure and integrated online ecosystem that simplifies the payment of recurring bills. The system allows users to pay multiple bills, such as electricity, water, gas, telecom, rent, credit card dues, loan Equated Monthly Instalments (EMIs), and insurance, through various online and offline channels. It brings together billers, banks, digital payment platforms, and agents into one platform for hassle-free bill payments. 

Why Bharat BillPay? What are the Key Benefits it Offers?

One-stop bill payment solution: From utilities to FASTag, DTH, local taxes, and tuition fees, multiple recurring payments can be handled on a single platform.

Pay through different methods: You can pay bills anytime, anywhere via online banking, mobile apps, ATMs, credit/debit cards, and physical outlets.

Instant confirmation: You get immediate confirmation through SMS or digital receipts, which helps in maintaining transparency and security in transactions.

Timely reminders: Never miss a payment deadline. Bharat BillPay sends notifications and reminders before your bills are due, which helps you avoid late fees and penalties. 

Standardised complaint resolution: The system also offers a dedicated grievance management system to resolve your disputes or concerns quickly, without hassle.

How to Pay Bills Using the Bharat Bill Payment System (BBPS)?

Let’s say you have the Indus Max Current Account by IndusInd Bank and want to pay your bills using the Bharat Bill Payment System. It can be done using the BBPS section of IndusNet, which is the bank’s online banking platform. Non-customers can also use this service by accessing the “Quick Services” section on the bank’s website. Here’s how to proceed with each option:

1. Process for Quick-Bill Pay

• First, enter your registered mobile number, after which you will receive a One-Time Password (OTP). 
• Once you are authenticated, search for your biller by name or by filtering through category and location.
• Select a payment method to finalise the transaction.
• Get instant confirmation about the payment and a digital receipt for your records.

2. Process for IndusNet

• Log into your IndusNet account and search for your biller using the same criteria (name or category).
• Process the bill payment via  Indus Max Current Account by IndusInd Bank.
• Authorise the payment, after which you will get an instant confirmation, along with a digital receipt for future reference.

Look at more advantages of choosing the IndusInd Bank Indus Max Current Account: 

You can open a current account online with IndusInd Bank in just 5 steps:

Step 1: Apply online: Visit the IndusInd Bank website or use the mobile app to access the “Current Accounts” section and click on “Apply Now.”

Step 2: Provide contact details: Provide your Aadhaar-linked mobile number, PAN, and email. Choose the type of account you wish to open, such as a sole proprietorship or individual account, and specify your location.

Step 3: Submit business details: Enter details like your business name, industry type, annual turnover, GST details, and Udyam registration number (if applicable).

Step 4: Select the product: Choose the current account variant that fits your needs (e.g. the Indus Max Current Account).

Step 5: Review the application: Review your information and click on Submit. The application will now be processed, and a video KYC might be scheduled to complete the activation process.

Also Read: How Can I Earn Interest with Auto-Sweep Facility on an Online Current Account?

Bharat BillPay | Manage Recurring Payments Anytime, Anywhere

Bharat BillPay is an all-in-one solution designed to simplify how recurring payments are managed. Whether you are a consumer tired of juggling multiple payment deadlines or a business looking for an affordable and convenient way to collect payments, Bharat BillPay is the ideal choice. With its user-friendly interface, top-notch security, and timely reminders, Bharat BillPay helps you manage all payments hassle-free. 

For business owners, managing payments becomes even easier with the Indus Max Current Account. Benefit from higher transaction limits, priority banking services, doorstep facilities, premium digital solutions, free electronic transactions, and much more.

Apply today!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.