Mumbai, Sep 15 (PTI) Non-Resident Indians can now use Bharat Bill Payment System to pay utility bills and education fees on behalf of their family members in India, according to a Reserve Bank of India circular.

The Bharat Bill Payment System (BBPS) is an interoperable platform for standardised bill payments. Over 20,000 billers are part of the system, and more than 8 crore transactions are processed on a monthly basis.

Also Read | Lee Jong Suk Crush Alert! 5 Sun-kissed Pictures of the Actor That We Just Can’t Get Over!.

"...it has been decided to allow foreign inward remittances received under the Rupee Drawing Arrangement (RDA), to be transferred to the KYC compliant bank account of the biller (beneficiary) through Bharat Bill Payment System (BBPS)," the RBI said on Thursday.

An announcement in this regard was made by RBI Governor Shaktikanta Das last month.

Also Read | Uttar Pradesh Tops Chart Among States With 70% of 13.81 Lakh Trials Pending in Fast-Track Courts.

Das had said the move will enable NRIs to undertake bill payments for utility, education and other such payments on behalf of their families in India, and "greatly benefit" the senior citizens in particular.

Currently, foreign inward remittances received under Rupee Drawing Arrangement (RDA) can be transferred to the KYC compliant beneficiary bank accounts through only electronic mode, such as, NEFT, and IMPS.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)