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Jharkhand Bijli Vitran Nigam Limited (JBVNL) (previously Jharkhand State Electricity Board) is a Government of Jharkhand enterprise, entrusted with the generation and distribution of electrical power in the state of Jharkhand, India. It suffers a loss of more than ₹ 1,000 crore (US$200mn) every year. [1]
NPCI Bharat BillPay Limited (NBBL) doing business as Bharat Connect, and formerly named Bharat Bill Payment System (BBPS) [1] 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 ...
BHIM (Bharat Interface for Money) is an Indian state-owned mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, [ 1 ] it is intended to facilitate e-payments directly through banks and encourage cashless 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.
Saubhagya Scheme or Pradhan Mantri Sahaj Bijli Har Ghar Yojana was an Indian government project to provide electricity to some households. [ 1 ] [ 2 ] The project was announced in September 2017 by Prime Minister Narendra Modi , who said that the aim was to complete the electrification process by December 2018. [ 3 ]
NPCI and Fonepay Payment Service announced the launch of UPI for cross-border transactions on 9 March 2024. [202] Nepal Rastra Bank began allowing Nepali citizens to pay merchants in India by scanning UPI QR codes from 27 June 2024. For commercial payments, there is a daily limit of ₹15,000 and a monthly limit of ₹100,000. [203]
Online Banking ePayments (OBeP) is a type of payments network, developed by the banking industry in conjunction with technology providers. It is specifically designed to address the unique requirements of payments made via the Internet. [1] Key aspects of OBeP that distinguish it from other online payments systems are:
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