07/01/2014

 

Consumers paying power bill in advance may get interest


Patna,(BiharTimes): The electricity distribution companies of Bihar are thinking in terms of giving the consumers interest at par with applicable saving bank rate in nationalized bank if they pay their power bill in advance.
Reports said that the move is likely to benefit both 45 lakh consumers of the state as well as the distribution companies.

According to managing director of North and South Bihar Power Distribution Company Ltd, Sanjay Agrawal, they are actively considering extending incentive to consumers who pay their bills in advance. Since it involves extending financial benefit to consumers, the proposal would be taken up to the Board of Director. He hoped that the Board would clear it this month itself.


Consumers will be at liberty to decide the amount they want to pay in advance. Those who pay in advance will receive negative bill till the deposited amount is exhausted.

The interest a consumer earns on advance power bill payment would depend on the period the deposited amount is exhausted.

The billing software had been upgraded to accept payment from consumers and adjust the money in subsequent bills.

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