Tuesday, 12 November 2019

Pay your Bills using SBI e-PAY service / Internet Banking

SBI e-PAY


Pay your Bills using SBI e-PAY service / Internet Banking


You can pay your bills or recharge your mobile/DTH using SBI Internet Banking. Various categories of billers are available for making payments of bills using SBI e-PAY. For e.g. Credit card, Insurance, Telephone Payment etc. SBI e-PAY is a simple and easy service for receiving and making payments of your bills online.



What is SBI e-PAY service?

SBI e-PAY is a service that allows State Bank of India customers to 'see and pay' various bills using SBI Internet Banking, 24X7, 365 days a year. There is no need to deposit a cheque or standing in queues, you can pay your bills directly the biller from your account using the e-PAY service.
You can set up your payment instructions for a later date. Payments will be processed on the scheduled dates and sent to your billers. You can also use AutoPay facility for your bills with an upper limit to make sure that your bills are paid automatically whenever they are presented for the payment.
The SBI e-PAY service is available in many cities across the country and you can now make payments to several billers in your city.


Benefits of using SBI e-PAY service

1. You do not have to stand in the queue for the payments of your bills.
2. No more late payments as you can pay your bills from anywhere or you can use AutoPay facility to ensure that your bills are paid automatically whenever they are presented for the payment.
3. No need to deposit cheques for paying bills.
4. There are no charges for using the e-PAY service. It is free.
5. You can also view the payments that you have made in the past using the "View Payments" option under the Bill Payment section.

OnlinePay

Using SBI e-PAY you can now 'see and pay' your various bills online. You can pay telephone, electricity, insurance, credit card, and other bills directly from your Account and also from the comfort of your home or office. You have to log in to SBI website (https://www.onlinesbi.com/) to 'see and pay' your various bills online. You will also get an electronic acknowledgment for the bills paid by you using e-PAY service.

AutoPay

You can use AutoPay facility for your bills with an upper limit to make sure that your bills are paid automatically on time whenever they are presented for payment. The upper limit provides you complete control over these payments and ensures that only bills within that particular limit are paid automatically.



How to start using SBI e-PAY service?

You need to be a registered user of SBI Internet Banking for using E-PAY service. Let us see step by step procedure for using SBI e-PAY service.
1. Log in into SBI Internet Banking: www.onlinesbi.com.
2. Click on “Bill Payments” option.


SBI e-PAY

3. Select “Add Biller (e-Pay)” from the drop down menu to add billers.


SBI e-PAY

4. To add a biller to your list of billers, select your city and then select your biller.
5. Provide a Nickname and biller specific details as in the below example.
Example:
Nickname - reference name for the biller (eg Home, Office).
Biller Specific Details – used to identify your account with the biller (eg “Customer Account Number” and “Telephone Number” of your MTNL bill).
6. You can also register your biller by the offline process. Download the e-PAY form from the SBI website or collect an e-Pay form from the branch. Fill this form and submit it at your branch.
7. It takes between 7 – 20 days to register your request with the biller.
8. After confirmation, your electronic bill arrives and it will be displayed in “View and Pay Bill” section.
9. To pay your bill, just click on “Pay” option. After payment, you will get an “OTRR” (Online transaction Request Receipt).
10. For “Pay Bill” and “Payment Only” billers, you can pay your bills immediately after you have added the biller online to your biller list.

Categories of Billers you can Pay using e-PAY

You can pay your bills for the following categories of billers.

1. View and Pay Bill

Bills of these categories of billers can be viewed at SBI website (www.onlinesbi.com) before payment. In addition to this, you will also receive your paper bill from your biller.

2. Pay Bill

Bills of these categories of billers will not be presented at SBI website (www.onlinesbi.com) as these billers present their bills only in the paper format.

3. Payment Only

These are entities who do not raise their bill, but directly accept payments.


Hope by using the above-mentioned procedure you have added your billers in your billers list to pay your bills using SBI e-PAY service / Internet Banking.

You may also like to read: Money Saving Tips
You may also like to read: How to set your financial life in order?


You may also like to read: Benefits of investing in mutual funds
You may also like to read: Things you must know about EPF

If you liked this article, share it with your friends and colleagues through social media. Your opinion matters, please share your comments.