Indian Bank has unveiled QR code bill payment system for Chamundeshwari Electricity Supply Corporation (CESC) making it as the first power distribution company to offer such an initiative to customers in Mysuru. By using the dynamic QR code linked to the unified payments interface (UPI) on printed electricity bill, customers would be able to make their payments without visiting any online portal or physically going to any payment centre. Instant acknowledgement is issued and the QR code is disabled once the transaction is completed.
The CESC is in the process of introducing a new type of bill generation and payment system in coordination with Indian Bank besides a facility to make RTGS-NEFT payments for bulk consumers using virtual account number (VAN).
Indian Bank was established as a part of the Swadeshi movement. The Bank provides a wide spectrum of banking products and services.
Company Name | CMP |
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SBI | 811.90 |
Bank Of Baroda | 263.20 |
PNB | 125.05 |
Canara Bank | 113.70 |
Union Bank Of India | 140.70 |
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