ICICI Bank Signs MoU to Launch Online Electricity Bill Collection Service for APEPDCL Customers

ICICI Bank has signed a Memorandum of Understanding (MoU) with Andhra Pradesh Eastern Power Distribution Company Ltd (APEPDCL) to launch online electricity bill collection for the customers of APEPDCL. The service, christened ICICI Bank-Eazy Pay, will enable anyone including non-customers of ICICI Bank, to conveniently pay electricity bills online on the website of APEPDCL. They will be able to do so by using multiple payment channels of debit or credit card, net banking and RTGS or NEFT transfer of any bank.

ICICI Bank is the first bank to sign a MoU with APEPDCL for online bill collection.

Mr. R Mutyala Raju, IAS, Chairman and Managing Director, APEPDCL said, “The MoU with ICICI Bank would benefit 52 lakhs consumers of APEPDCL’s jurisdiction of Srikakulam, Vizianagaram, Visakhapatnam and East & West Godavari districts.  The consumers can pay the electricity bills through on line payment options by using ICICI Bank-EazyPay.”

Mr. Avijit Saha, General Manager, ICICI Bank said, “We are delighted to associate with APEPDCL to extend our digital banking solutions to all customers of APEPDCL in the five districts of the state. The new service will enable them all to pay their electricity bills online at the click of a button. This initiative is in line with ICICI Bank's philosophy of 'khayaal aapka' wherein we keep our customers’ convenience first.”

ICICI Bank has 4054 branches and 12964 ATMs in the country (as on September 30, 2015). It has over 120 branches and more than 316 ATMs in Andhra Pradesh.

The Bank services its large customer base through a multi-channel delivery network of 4054 branches, the largest among private sector banks, 12,964 ATMs (at September 30, 2015), call center, internet banking (www.icicibank.com), mobile banking, banking on Facebook & Twitter as well as its digital bank on mobile, Pockets. For news and updates, visit www.icicibank.com  and follow us on Twitter at www.twitter.com/ICICIBank

About ICICI Bank Ltd: 

ICICI Bank Ltd (NYSE:IBN) had consolidated total assets of US $ 132.17 billion at March 31, 2015. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 17 countries, including India.

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