ICICI Bank signs MoU with APEPDCL to facilitate online payment of electricity bills

ICICI Bank has signed a Memorandum of Understanding (MoU) with Andhra Pradesh Eastern Power Distribution Company (APEPDCL) to facilitate the online payment of electricity bills. The bank has unveiled the facility under the name ‘ICICI Bank- Eazy Pay’ in its website and it can be hyperlinked to the website of APEPDCL and by logging into it one can pay the bills by using debit or credit card, net banking or RTGS and NEFT transfer. This facility can be availed by all the 52 lakh consumers of the Discom.

ICICI Bank is India's largest private sector bank with consolidated total assets of $ 132.17 billion at March 31, 2015. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.