HDFC inks MoU for online electricity bill payments in Bihar

Private lender HDFC Bank today signed an MoU with Bihar State Power Holding Company to enable residents pay electricity bill online.
The MoU will allow residents of the state to pay electricity bills online in a quick and convenient manner by any debit card, credit card, or netbanking facility, from the comfort of their homes or offices, an HDFC statement said.
The initiative will benefit over 6 crore people in the state, it said.
HDFC Bank has 90 branches and 239 ATMs in Bihar.
Bihar State Power Holding Company generates, distributes and transmits electricity in the state.
As part of agreement, HDFC Bank will provide its electronic cash management platform for the payment of fee through RTGS, NEFT & Electronic Fund Transfer.

"This is a big step in the evolution of the payment mechanism for electricity bill payments in the state and will help fast-track payments," said Sandeep Kumar, Zonal Head - Bihar, HDFC Bank.

Earlier, HDFC Bank tied up with the Registration, Excise and Prohibition department of the state government to enable online payment of land registration fee, stamp duty and other applicable fee related to society, trust registration.
The initiatives are part of the bank's strategic focus on customer convenience, access and delight, using technology as an enabler, the statement added.
In line with this, post the launch of 'Go Digital' campaign in 2014, with the 'Bank aapki mutthi mein' offering, HDFC Bank has launched a host of new digital banking products.

These include 30 minute paperless auto loan using Biometric technology, 10 seconds personal loan on netbanking, PayZapp and recently introduced instant loans at ATM.
This is in addition to HDFC Bank's powerful Net banking portal and official mobile app, which allows customers to perform over 205 and 85 different types of transactions, respectively.