BNPL full form in Post Office (Explained)

The full form of BNPL in post office is Book Now Pay Later.

BNPL (Book Now Pay Lates) is a type of scheme.

In this scheme, Bulk customers get a credit facility for up to one month for booking their Speed Post and Business Parcel.

This BNPL scheme is only available at BNPL centers and BPCs only because these offices are authorized to provide the BNPL scheme to bulk customers.

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What is the Book Now Pay Later Scheme?

BNPL (Book Now May Later) is a post office scheme where bulk or contractual customers get a credit facility for up to one month.

To get BNPL scheme facility customers have to provide 10000/- rupees business in every month.

The Post Office Department and the customer sign a contract under the BNPL scheme.

After one year the approving authority renews the contract as per rules and regulations.

A monthly bill will be generated for each BNPL customer by booking office on the 7th day of the following month.

The customer has to pay this monthly bill before 30 days from the date of issuance of the bill.

Credit facility for up to one month.
Rebate as per the rule
Booking of speed post or business parcel at one location or multiple locations. (subject to business provided)

A large number of BNPL centers are working in India. The list is as under-