With the larger dependency on technology, it would be fair to say that the internet has made our lives easier and more luxurious in terms compared to others. We live in a technologically advanced generation that is more dependent on the internet.
There has been a fundamental variation in the way individuals operate transactions in the previous several years. Tech, aided by high-speed internet access, has served as a facilitator, making life easier. Presently, 'internet' seems to have become a part of living for individuals of all ages and eras, with adequate precautions in place. This surge in web commerce has resulted in the automation of practically every aspect of life. We've discovered several innovative assistants to help you settle your power bills more efficiently by utilizing technology.
The following are five smart methods to pay your electricity bills:
1. Net Banking and mobile banking
For any Current and Savings account holders, net banking is a simple way to the bank with flexibility of any time and place. You don't need to register a second account for this. You can simply connect to your internet banking accounts and make payments to your biller online.
Many banks offer a variety of features in addition to a user-friendly interface. It not only allows you to pay your expenses, purchase, and invest, but it also offers you more authority over your resources.
After you've cleared your bills online, you may keep track of your spending and make adjustments as needed.
Banking is virtually at your fingertips with just a Mobile Banking App downloaded on your device, and registration did. It allows you to do a lot extra, such as pay different utility bills, plan trips, shop, invest, take loans, monitor your account, obtain a checkbook, and so on.
The best thing is that as you make the payments, you can get cashbacks/discounts by using promo codes and reward points.
If you're a user of the West Bengal Electricity Board, you can get your West Bengal electricity bill Payment in a click and no time using net banking or any other online feature.
2. Debit Card
Your debit, which is connected to the savings account, can be used to pay your electricity bills as well. It's simple to use and can also be used on multiple biller sites. You don't need to carry bundles of money to pay your power bills monthly.
Certain debit cards get cashback back when you pay specific utility bills, allowing you to save some cash as you buy.
3. Credit Cards
Credit cards can also be used to pay for utilities. Using a credit card allows you to take advantage of a 50-day complimentary credit period, collect reward points (that can be used to buy specific items), and take advantage of interesting cashback/discount deals –– both of which can help cut down.
4. Mobile Wallets
Your smartphone is your wallet if you have a good mobile wallet. Because the notion has been broadly embraced across points of sale and services, you won't have to tote bundles of money. Most mobile wallets include connected utility billers, shopping online, and travel agency, among other features that may be accessed at any location worldwide. Trying to keep track of your digital money is no longer a problem, thanks to mobile wallets, which offer an instant statement/passbook alternative that puts you in full control of your funds. You can also transfer unused funds via your wallet app to your bank. They have enticing cashback and discount deals that you can't afford to pass up.
5. UPI App
The UPI money transfer app has been a godsend and has made a dramatic shift in how transactions occur because UPI works on the Immediate Payment Service (IMPS) infrastructure and is available 24 hours a day, seven days a week. It takes five steps to use UPI. The directions are as follows.
● Get the app available in the Google Play Store.
● Connect your bank account using the app.
● Make a special ID for yourself.
● Aadhaar should be linked to it.
● Create a PIN code.
● The UPI money transfer app is now ready to use.
Please keep in mind that UPI does not allow you to load money, unlike a mobile wallet. Using your VPA, you can move money from one account to another. Furthermore, UPI apps have a daily transaction limit of Rs 1 lakh, significantly larger than mobile wallets.
