What is a utility bill?
The bills, for example, power charge, phone charges, cell phone bills, and so on are alluded to as service bills. Typically these bills must be paid in their individual workplaces prior to the due date. Remaining for a considerable length of time in a line to pay a power bill or phone charge is current history. These service bills can be paid online nowadays. Despite the fact that still in its developing stage, it is actualized little by little into more bill installments.
Online payments remove the difficulty of standing in a queue to pay bills on the last date of payment. Thus online payments provide a convenient, easy, safe and secure way of paying your bills.
Online payment can be done in two ways, on an ad hoc basis or as a standing instruction.
In the main kind of installment, installment is done just when headings are given to the bank to exchange your installment from your record or charge card. For instance if a man passes up a great opportunity to pay the power charge till the last date of installment and all of a sudden reviews it on the most recent day, he can make the installment on the most recent day online in this way getting away from the late expense which would have been there something else. This installment is done just once when guidelines are given.
The second is standing direction for installment. For this situation, the installment will be consistently done from your record or card on a predefined date. These installments can be masterminded to be educated with insinuation about the pending installment and installment is done just when the approval is done in the wake of investigating the genuine measure of the bill. One can likewise request an affirmation of the installment done.
Payments of periodic payments like mutual funds, insurance premium, can also be done online nowadays.
Online payment is currently available in the following areas:
| Charity | Magazines |
| Credit Card | Mobile Phone |
| Donation | Mutual Funds |
| Educational | Telephones |
| Electricity | Taxes |
| General | Piped Gas |
| ISP | Life Insurance |
| Insurance Payments | Internet Service Providers |
Online payment of utilities is currently available in SBI, Union Bank, Syndicate Bank, ICICI, HDFC, HSBC, Axis Bank, Bank of India, Citi Bank, Corporation Bank etc. Though these institutions offer online payment facility, there are limitations to these payments. There are some billers listed by each of them in specific areas, to only whom the payment can be done. The basic limitation of such online payments is the list of billers and places. The organizations offering the facility are also limited now (they are picking up steadily). The other concern is the safety and security of such transactions.
The details of the biller and the bill have to be provided to the bank to have the payment done to the company. Any incorrect details will lead to wrong payments to the utility company. In such a case, verifications have to be done directly with the company to which the payment is done.
In case the payment is done by mobile transactions or online transaction from the account generally there are no charges involved. But in case the payments have to be done as a DD there may be charges involved.
Other than the banks which are officially authorized to do such payments, these days there are agencies which offer the same services for the common man.
