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"These directions seek to streamline the process of bill payments, enable greater participation, and enhance customer protection among other changes,” RBI said.
The Reserve Bank of India (RBI) on Thursday issued the revised regulatory framework of the Bharat Bill Payment directions to streamline the bill payments process, enable greater participation, and enhance customer protection
The newly launched rule will come into effect from April 1, 2024. Read on to find out what it is, what it means, and more.