KSEB – 90% Bill Collections via Digital Channels

-

 

KSEB – 90% Bill Collections via Digital Channels

          Kerala State Electricity Board (KSEB) is fast moving towards its goal of maximising its bills collections through digital channels.



          Electricity bills in India still move on the Post-Paid mode, rather than pre-Paid mode.

These mean electricity bills are generated at predefined intervals. Consumers have a window of 10-15 days to clear the bills generated against their electricity bill account, to avoid disconnection or late penalty charges.

LT Consumers have a choice to pay their bills via the Offline Mode or the Online Mode.

In the offline mode, cash is the preferred choice.

Cash can be deposited at the Utility Companies counters or accredited collection counters including banks / common service centres / state specific common service centres.

At the same counters, consumers have a choice to pay through digital modes i.e UPI / Credit Cards / Debit Cards.

One of the reasons for consumers preferring to pay cash at utility companies counters is the comfort of instant payment receipt.

The payment receipt is proof that the respective utility company has received payment to the consumer’s account. This proof is a safety key to avoid disconnection of their utility services i.e water / electricity / landline etc.

Over the years, multiple steps have been taken to move the utility bills collection from physical to digital mode.

In this regard, majority of Indian utility companies are in the forefront of motivating their consumers to pay their bills through the digital mode.

KSEB via the ‘My Consumer Number is my KSEB Account Number’, scheme is aiming to simplify the bill payment process.

In case of few utility companies, the consumer’s unique number and Account Number are different. This adds few loops to the bill payment process.

  

 

An arrangement to consider the KSEB consumer number as a virtual account number and to facilitate bill payment at banks is being readied.

The aim is to implement a complete a complete e-payment facility by the end of this financial year

Read more at: https://www.onmanorama.com/news/kerala/2022/06/27/kseb-digital-bills.html

KSEB Digital Payment Charges are us under. Hopefully the BBPS option will be updated soon ....

 

Internet Banking (Transaction Charges: NIL)

Direct Banks

STATE BANK OF INDIA

FEDERAL BANK

SOUTH INDIAN BANK

CSB BANK

 

Gateway       Transaction Charges

TECH PROCESS     R 3.20 + GST

FED E GATE R 4.00 + GST

 

Debit Cards

Gateway       Transaction Charges

TECH PROCESS     0.40% + GST for below 2,000/- & 0.90% + GST for 2,000/- and above

FED E GATE R 17.00 + GST for above 2000 only

Transaction Charges not applicable for all Debit Card transactions Powered by RuPay.

 

 

Credit Cards

Gateway       Transaction Charges

TECH PROCESS     0.90% + GST

FED E GATE 0.85% + GST

 

 

 

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing More – Nothing Less.

 

         

 

Comments

Post a Comment

Popular posts from this blog

CERTIFICATE EXAMINATION IN INTERNATIONAL TRADE FINANCE

-
Image
          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the ...
Read more

IIBF-Certificate Examination in Foreign Exchange Facilities for Individuals

-
          The primary objective this IIBF course is to make the branch officials familiar with the FEMA provisions that impact their day to day functioning at the branch level.     This exam is being introduced pursuant to the recommendation of a committee of RBI.           Normally foreign exchange transactions pertaining to individuals are handled at branches only and are not referred to specialised forex cells.           The course covers ‘Foreign Exchange Facilities for individuals under FEMA1999’ RBIs FAQs’ on Forex Facilities for Residents (Individuals) (updated up to November 21, 2014) For full details refer to Reserve Bank of India website: Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Un...
Read more

IIBF introduces Self-Paced E-learning courses (SPeL) for its two certificates

-
Image
          Indian Institute of Banking Finance (IIBF) has taken a quantum leap in disseminating knowledge to its members and non-members.           IIBF in April 2019, introduced the Self-Paced E-learning courses (SPeL) concept for banking enthusiasts to be familiar with banking concepts.           In the first stage, IIBF has launched   two certificate courses i.e 1. Digital Banking and 2. Ethics in Banking.           The objective of this self-paced e-learning mode are as follows: • Participants can make the best use of his or her time, in order to meet his or her learning objectives. • Participants can access the course   anywhere/anytime with an internet connection. • Participants need not travel to give their examinations. It saves time and money of the participants. ...
Read more