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According to RBI guidelines, a non-banking entity seeking authorisation as ‘Bharat Bill Payment Operating Unit (BBPOU) under the proposed Bharat Bill Payment System (BBPS) should have a minimum net worth of at least _______________
Rs. 500 lakh crores
Rs. 400 lakh crores
Rs. 300 lakh crores
Rs. 200 lakh crores
Rs. 100 lakh crores
- The Bharat Bill Payment System (BBPS) is a Reserve Bank of India (RBI) initiative to streamline bill payment services.
- Non-banking entities must meet certain requirements to become a Bharat Bill Payment Operating Unit (BBPOU).
- One of the criteria is a minimum net worth.
- The correct minimum net worth as per RBI guidelines is Rs. 100 crore.
- Options provided were in crores of crores, which is incorrect as the figure should be in simple crores.
Correct Answer: Rs. 100 crore (far less than the options listed as lakh crores).
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