| Greater Noida offers Internet Installment Payment
facility |
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Electronic Bill Presentation and Payment (EBPP) is a relatively new concept, but has been a major thrust area in the financial world, especially in the USA. ESPP service allows the customers to pay various kinds of bills (utility, mobile, credit card, etc.) at their convenience, mainly through the Internet. Greater Noida Development Authority and ICICI Bank offer the service jointly so that the common customers can pay their installments in a convenient manner.
Greater Noida Development Authority has tied up with ICICI Bank for implementing EBPP services for collection of registration applications for new plots in Greater Noida area. Implementing this project would involve three participants: Greater Noida Development Authority, Common Customers of Greater Noida Development Authority & ICICI
Bank and ICICI Bank. |
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| Advantages to Greater Noida Development Authority's
Customer |
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Payments can be made from all over India where ICICI Bank has a branch.
The list of ICICI branches in India as follows:
Amritsar, Jallandhar, Nawashahar, Ludhiana, Chandigarh, Faridabad, Delhi, Jaipur, Udaipur, Ahmedabad, Baroda,
Rajkot, Surat, Moti Kavdi, Bhopal, Indore, Valsad, Dahanu, Mumbai, Nasik, Aurangabad, Pune,
Nagpur, Goa, Mangalore, Kochi, Coimbatore, Manipal, Pondicherry, Chennai, Bangalore, Hyderabad, Habsiguda, Vizag, Bhubaneshwar, Calcutta, Alipore, Jamshedpur
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Reduced efforts for payments - no need of visiting collection centres/ mailing
cheques, etc.
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Eliminates the need to track receipt of the bill. This is very advantageous for working couples.
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Continue to receive the installments as per the existing practice. Debit entry in the bank passbook is the proof of payment to Greater Noida Development Authority.
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Elimination of loss in transit of instrument / fraudulent encashment.
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The customers will also retain the flexibility to pay by other modes like cheques, cash, etc. |
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| EBPP Scheme : Operating Systems |
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The working of EBPP scheme can be summarized
as:
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ICICI Bank will
obtain a mandate from the common customers of Greater Noida Development Authority and ICICI Bank, to participate in EBPP. This can be done online.
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ICICI Bank will, every month, give Greater Noida Development Authority a list of customers who have opted for EBPP scheme.
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As and when customers make the payment, Greater Noida Development Authority current account will be credited. |
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| Role of Common Customers of Greater Noida Development Authority and ICICI
Bank |
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Giving the mandate to ICICI Bank, accepting the proposal for
EBPP.
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Monthly payment of the bill through the delivery
channels (Internet in Phase - I) offered by ICICI Bank. |
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| Security |
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| The customers who opt for EBPP would be authenticated by ICICI Bank, through unique Password for Internet Banking. Thereafter the process is similar to of funds transfer. The system is secure, with adequate firewalls and other security monitoring devices. |
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| To view the
ICICI Mandate, please click here
To avail the facility, please click here.
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