Thursday 12 July 2018

Different modes to pay utility bills

Did you miss out on your last utility bill payment? Wish you had an assistant to get the task done? In the past few years, there has been a paradigm shift in the way transactions have been taking place. Technology backed with high-speed internet has played a crucial role in this move. Online has become a way of life across different age groups and generations nowadays. One of the changes is paying off utility bill through internet.

Paying utility bill online has its set of benefits:

1) Saves time, energy and money as the task of standing in long lines is nullified
2) It is convenient. Bills can be paid anytime and at any point
3) Eliminates many errors
4) Helps you manage and control your finances
With more efficient methods introduced in technology, you can pay utility bill through different mediums:

1) Bharat Bill Payment System: National Payments Corporation of India (NPCI), which is an umbrella organisation for all retail bill payment, launched BBPS. It was introduced to reduce cash transactions and encourage digital payments. Once the customer pays the amount, he/she will receive a receipt instantly. At present, BBPS caters to utility services such as electricity, gas, telephone, water and DTH payments.

2) FreeCharge: It is one of the portals that changed the industry of digital payment. You can electronically pay DTH and mobile bills. You can also recharge your mobile, DTH, mobile, gas, electricity connections. FreeCharge runs several deals and offers every month that allows users to pay less than the billing amount.

3) HDFC PayZapp: HDFC’s PayZapp is a one-stop payment solution. With just one click you can make your payments by connecting your debit/credit cards with the wallet. It also caters to other aspects such as movie tickets, grocery shopping, gift cards, etc.

4) Bijli Bachao: Government has facilities such as Mahavitran and Bijli Bachao in place to pay your electricity bills. Bijli Bachao’s online service allows you to pay the amount for almost every electricity bill.

5) Suvidha: It is always a blessing to have a website that provides you with all in one service. Suvidha is one such portal. Here one can pay all sorts of utility bill such as gas, landline, data card, etc. You can also make your insurance payments here.

Utility bill payment was always considered a daunting task until digitalisation made its way. So, will cash-based transactions fade away? Will the new digital payment system turn the country into a dominant force?

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