RBI amends guidelines on Bharat Bill Payment System

May 26, 2022 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Reserve Bank of India (RBI) on May 26,2022, has issued an Amendment to the guidelines on Bharat Bill Payment System (BBPS). This has come into effect on May 26, 2022.

The following has been stated namely: -

• The minimum net-worth requirement for non-bank Bharat Bill Payment Operating Units (BBPOUs) stands reduced to ₹25 Crore.

 

[Notification No. RBI/2022-2023/58]

 


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