Making safe online payments of MSEDCL bills

Just like your mobile bills and top-ups, if you fail to pay the MSEDCL bills on time, your electric connection can be disconnected at any point in time. Without our phones and without electricity, life is unimaginable today. With internet and the digital world fast becoming our way of life too, making MSEDCL bill payments is no longer a matter of hassle and stress anymore. In fact with online methods of payments, bill payments have become leisure and convenience today.

With the state electricity boards, service providers and online aggregators like Paytm, MobiKwik and PhonePe joining hands to make the online medium safe and sound for processing financial transactions, we can only sit back, relax and get going with a process that is fast and simple.

What are the different ways that i can pay online for my MSEDCL Bills?

Bill payment online is no cause of great tension anymore. While credit cards, debit cards and Netbanking was quite popular as means of making online payments till about a few years ago, today the best way of making settling your MSEDCL bills online is the UPI method and the electronic wallet.

UPI is where your mobile phone acts as your wallet and credit card. Your mobile number is what facilitates the entire payment mechanism via this method. The extra layer of security comes in from the form of OTP or One Time Passwords and push SMS that are sent to your registered number to initiate, verify and authenticate payments. Also with the M-PIN, the security becomes more foolproof and perfect.

The electronic wallets on the other hand are facilitated by specific reseller service providers and one that acts as your virtual wallet. This is also used from a smart device like a smartphone or a computer system. You can store money in the electronic wallet and use it for making payments of your MSEDCL bills online. The good thing is that it can also be used for making offline payments at physical shops and stores. The e-wallet is actually linked at the backend to the individual’s bank account. With password protection and two-way factor authentication the e-wallet today is becoming quite popular amongst the masses as a convenient method of making online payments. When you choose the e-wallet for making your MSEDCL electricity bills, the financial information from the virtual wallet is encrypted before being sent to the merchant making it safe and secure.

If you are not registered for an UPI payment method or the e-wallet, you can use the credit card for making a safe online payment. The credit card is way safer than your debit card and Netbanking for the latter two connect upfront with your personal banking details. This can be easily hacked by online hackers if the network, the server system and the payment processor has loopholes. Since the credit card is linked to your credit card account that has an upper limit to it, you do not lose much even if the system has been hacked.