Taking another step towards digitisation, the Punjab State Power Corporation limited on Friday took the initiative and partnered with State Bank of India by entering into a MoU with the Bank, regarding collection of electricity bills through RTGS mode.
The MoU was signed by Harpal Singh, Chief Accounts Officer, Revenue, PSPCl and Nishi Bhatnagar, DGM/B&O, SBI, in the presence of SC Arora, Director inance, PSPCl and Sanjay Kumar, GM/Network, SBI and other senior officers from both sides.
A.Venu Prasad, CMD said that this is a big step towards making the things easy for the industry, business and the society at large. After this scheme becomes operational, PSPCl consumers can easily pay their electricity bills at their convenience at any bank branch and thus can save their precious time from queues at cash counters.
Venu Prasad added that initially, this facility will be available to high end consumers which may be extended to other categories of the consumers also. He added that it is one of the big initiatives being taken for promotion of Digital Payment methods.
Director Finance, SC Arora said, “PSPCl is completely dedicated on using IT technology for making the things easy for consumers and making the idea of ‘reform via technology’ a reality”.