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ICICI Bank signs MoU to launch online electricity bill
Source: IRIS | 26 Nov, 2015, 12.28PM
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ICICI Bank, one of the India's largest private sector banks, has signed a memorandum of understanding (MoU) with Andhra Pradesh Eastern Power Distribution Company (APEPDCL) to launch online electricity bill collection for the customers of APEPDCL.

The service, christened ICICI Bank-Eazy Pay, will enable anyone including non-customers of ICICI Bank, to conveniently pay electricity bills online on the website of APEPDCL. They will be able to do so by using multiple payment channels of debit or credit card, net banking and RTGS or NEFT transfer of any bank.

Avijit Saha, general manager, ICICI Bank said, ''We are delighted to associate with APEPDCL to extend our digital banking solutions to all customers of APEPDCL in the five districts of the state. The new service will enable them all to pay their electricity bills online at the click of a button. This initiative is in line with ICICI Bank's philosophy of 'khayaal aapka' wherein we keep our customers' convenience first.''

Shares of the bank gained Rs 3.55, or 1.35%, to trade at Rs 267. The total volume of shares traded was 157,069 at the BSE (12.22 p.m., Thursday).

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