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Since the enactment of the Electricity Act, 2003, KSEB has been functioning as the State Transmission Utility (STU) and a distribution licensee w.e.f 10 December 2004 under section 172(a) of the Electricity Act, 2003. The Central Government had approved the continuation of KSEB as a State Transmission Utility & Licensee only up to 24 September ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as:
Electronic billing or electronic bill payment and presentment, is when a seller such as company, organization, or group sends its bills or invoices over the internet, and customers pay the bills electronically. [1] This replaces the traditional method where invoices are sent in paper form and payments are done by manual means such as sending ...
In 1999, Karnataka embarked on a major reform of the power sector. As a first step, Karnataka Electricity Board (KEB) was dissolved and in its place, the Karnataka Power Transmission Corporation Limited (KPTCL) was incorporated.
All locations with KSEB electricity posts are intended to receive fast internet, landlines, and cable TV through the K-FON project. More than 2 million BPL families in the state are expected to get free internet access, according to the project. [6] The cable are installed through KSEB's transmission line infrastructure.
Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.
Payment is made directly from the consumer's account rather than through a third-party account. [3] Nearly half of the bills paid in the US during 2013 were done via electronic bill payment. [4] Also, during 2014, nearly 48% of all online shopping in North America were made with a credit card.