How To Pay Electricity Bill Through Yono SBI?

Is it possible to pay with YONO SBI?

Use your online banking credentials to log into the Yono Lite SBI Application. Choose “>> “Quick Transfer” Account Details are used to send money. Manually enter the Beneficiary’s information and click “Submit.” Confirm the details and finish the transaction using the OTP sent to the Bank’s registered cellphone number.

What is the procedure for adding a biller to my SBI YONO Lite account?

To begin making online bill payments, use the “Add Billers” option after logging into SBI Internet Banking to add the biller to your list of billers. To add a biller to your personal biller list, first choose the city, then the biller. You’ll need to supply a Nickname as well as some Biller Specific Information.

Nickname – aids in the identification of the bill for future reference (eg MyHutch, HomeTel)

Biller Specific Details – This is your unique account number with the biller, which appears on every printed bill that the biller sends to you. Please give accurate information so that we and the biller may accurately relate to your service. We recommend keeping a recent bill on hand to refer to when entering the Biller Specific Details.

Electricity, telephone, mobile, insurance, credit card, and gas firms are among the billers who accept electronic payments. The following are the types of billers that can be paid with e-PAY:

Payment Only – These are companies who don’t generally send out bills but do accept payments directly (eg charities – CRY, Trusts – Siddhivinayak Temple). As a result, after you’ve added them to your biller list, you can make payments to them right away.

This page displays the list of billers you’ve added using the Add Billers feature.

The list includes important information such as the Biller Friendly Name, Nickname, and the Payment Option (AutoPay) that you have set up.

The View Details option allows you to see more information.

This is your personal list of Billers who have agreed to accept electronic payments from you.

Here you’ll find a list of all the billers you’ve successfully registered. The following information is included in the list:

Your Biller will assign you a unique identifying number or a combination of numbers. On the physical bill, these facts are always available.

If you choose AutoPay, the Bank will pay your bill without asking you to arrange or authorize payment each time. You can also specify an AutoPay Limit, after which you must give a payment instruction using the View / Pay Bills option.

This page shows the list of Billers you’ve added using the Add Billers feature. The list covers important information such as the Biller Friendly Name, Nickname, and Payment Option (AutoPay). The edit AutoPay option allows you to make changes to your AutoPay information.

When you click the Edit AutoPay link, you’ll be sent to a screen where you can change your biller’s AutoPay preferences.

To ensure payment to the Biller by the due date, the debit to your chosen bank account may occur up to five working days prior to the due date.

Please make sure that your bank account has enough money to meet the bill.

Also keep in mind that bills that exceed the AutoPay limit you set will not be handled.

You’ll have to manually schedule such bills using the View/Pay Bills feature.

This page shows a list of Billers you’ve added to your account using the ‘Add Billers’ option. The list covers important information such as the Biller Friendly Name, Nickname, and Payment Option (AutoPay). Using the delete biller link, you can remove this biller registration.

You will not receive bills electronically if you delete a biller from your personal, and you will not be able to pay this biller using SBI e-PAY.

You can re-register for a deleted biller by selecting Add Biller from the drop-down menu.

You’re ready to receive bills online in your Bill Inbox once you’ve added a biller to your personal list using the Add Billers option.

A Biller typically receives and verifies your biller specific details in three to four days.

All future bill data are supplied electronically through Bank after verification.

(Please note that the Biller will continue to send you a real bill.)

The main data for each bill are given here, including the Biller Friendly Name, Nickname, Total Bill Amount, and Due Date.

Your bill will appear in the View/Pay bills section as soon as it arrives, and you may schedule / pay it by simply clicking on Pay.

When you click pay, you’ll be transported to a payment confirmation page, where you’ll see the following information.

During the Biller list addition process, you can give your Biller a convenient name.

The deadline for giving your bank a payment instruction to pay your biller. Due to the fact that we handle bill payments in two working days on average, your due date is presented as:

The deadline for making a payment to your biller. The current date is the default value displayed. You can change this to make a bill payment at a later time. For billers who accept payment after the due date, this date can be later than the due date.

If you do not authorize payment of the bill in the It Inbox before it expires, the bill will be moved to the Archives.

Each biller’s terms and conditions for bill payments (such as late fees, portion payments, and so on) may change.

You will receive an OTRR (Online Transaction Request Receipt) confirmation whenever you authorize a payment by clicking on Pay.

You may see the Debit Account, Debit Branch, Amount, Remarks, and Status of your payment instruction here, as well as a unique Transaction ID.

You can pay your bills online with SBI e-PAY once you add such a biller to your personal list using the Add Billers option.

(Please note that the Biller will continue to send you a real bill.)

The crucial details for each biller, such as Biller Friendly Name, Nickname, and Pay Button, are provided here.

You will be brought to a payment confirmation box after clicking on Pay, where you may make a payment to this Biller by entering the payment date and the amount you desire to pay.

The bill transfers from the View / Pay Bills section to the Scheduled Bills section once you’ve successfully scheduled a payment. You can choose to pay the bill right away or cancel it if you choose.

Date by which you must provide us your payment instruction so that we can pay your biller. Because we typically execute bill payments in two working days, your due date is listed as Actual Due Date 2 days.

This section shows the following information about your bill payment transactions.

The Bank will provide a unique transaction number to your bill payment transaction; please use this number in all contact with the Bank.

How do I turn on ECS in SBI?

ECS/SI-Activation

  • 1Go to the nearest branch and bring the following documents with you: Form for a mandate. Cheque Rejected (for ECS) Statement of Accounts (If non personalize cancel cheque) Credit Card Copies (for CC activation)

What are the ECS fees in SBI?

Sourabh Shah (not his real name) found out the hard way when he was charged Rs 26,000 by a big NBFC and Rs 15,000 by a private bank for an ECS bounce between April and July 2020. “For two loans, my account was hit ten times every month.” They seized any money I had in my bank account at the time. Such charges exacerbate the problem while we’re in the midst of a financial crisis,” Shah argues.

The fact that bounce charges multiply with each try is one of the reasons for the high bounce charges. ICICI Bank, for example, charges Rs 350 for the first cheque bounce and Rs 750 for the second in the same month. Similar fees are charged by HDFC Bank.

“These are legal costs and rightfully levied by the banks if the borrower has not sought for loan moratorium and defaulted on instalments,” says a senior employee of a large NBFC in Mumbai, who asked to remain anonymous.

“PSU banks have lesser charges than commercial banks,” Sadana says. Because they are premium institutions, foreign banks charge a higher fee.”

The State Bank of India (SBI), for example, charges Rs 295 for ECS returns.

However, there are procedures in place to ensure that the charges do not rise. “The Negotiable Instruments Act of 1881 states that if a bank or financier is unable to collect the due amount by presenting an instrument (in this case, an ECS, cheque, etc.) more than twice in a month, it must obtain written permission from the borrower and change the instrument (cheque, ECS, draft, etc.),” says Vipul Patel, CEO and founder of loan advisory MortgageWorld.

Check with your bank to see if you can get these ECS bounce charges waived. Both his bank and his lender reimbursed Shah the money that had been deducted previously. “If the costs are still being levied unfairly,” Sadana advises, “the customer should approach the banking ombudsman for redress through the RBI’s procedure.”

Kruthika, a dance teacher, discovered that Rs 50,000 had been taken from her account due to bounce charges. She contacted her bank and requested a charge reversal. “After I reported the financial catastrophe that I encountered in the months of January and February, when the digital lender Dhani tried to access my account 100 times over the course of three months,” she adds, Kotak Mahindra Bank erased Rs 45,000 worth of charges.

Also see: The Digital Lenders Association tightens its loan recovery code of conduct: What borrowers need to know

Examine your loan contract. You may have given your lender permission to debit your bank account a certain number of times each month. “You have a right to protest if your lender has impacted your account more than that,” Sadana explains.

Here is a link to a money calendar for 2022-23. Use it to keep track of your moneybox, investments, and taxes.

Is YONO internet banking the same as SBI internet banking?

SBI offers a service called YONO (You Only Need One) that allows SBI clients to travel without using their debit cards. The service operates similarly to net banking and can assist customers with merchant payments as well as cash withdrawals from ATM machines. In 2017, the YONO service was launched. To utilize the YONo service, customers must have an active net banking account.

What is YONO Quick Pay, and how does it work?

services of transportation You can transfer funds to – through the YONO Pay section or YONO Quick Pay.

(iii) Accounts held by third parties in banks other than the State Bank of India

(iv) You can use IMPS, NEFT, and RTGS to transfer payments to another bank account. YONO automatically selects the transfer mechanism based on the amount, transfer time, and beneficiary type.

  • Beneficiary information for the most commonly performed Fund Transfers will be automatically filled in.
  • A single process flow is used to add beneficiaries and then transfer funds.
  • A clever search tool is included, allowing the user to search for a specific Beneficiary from the Beneficiary Lis.
  • A clever search option allows the user to look for the Beneficiary’s IFSC code.
  • The addition of a new beneficiary or third-party account, as well as the transfer of funds, can all be done in one step.
  • Instantly transfer up to Rs. 25,000 to new beneficiary(s) / third party account(s)”
  • In the View Balance portion of the mpassbook product, an animated presentation of transaction list is accessible.
  • Under YONO Quick Pay, a new contact (mobile number)-based payment mechanism has been introduced.

What does it mean to register as a biller?

This option is available to bank customers who want to register for billers. The billers are the normal payees, and the bank administrator creates their records. The user has created an account for the biller to whom he desires to send payments. The user must submit his account information upon registering.

Both payment and presentment billers can be registered by the user. For a corporate or retail user, the nickname for biller registration is unique. If a biller registration with an unregistered status already exists, the user will be unable to create a new biller registration with the same username. The biller format defined by the bank administration when constructing the biller determines the customer identifying data.

Multiple users can register for the same biller with the same consumer code in the Finacle e-Banking application.

Assume there are two retail users, User 1 and User 2, who share the same home, and one of them will be responsible for paying the broadband connection bill. Both of them can register broadband provider BB1 as the biller with the same connection number (consumer code), allowing any of them to pay the bill when it is issued by BB1.

Both users, however, are unable to register a biller with auto pay as yes. If one user has previously registered for the biller with auto pay as yes, the other user will not be able to pick auto pay when registering the biller.