Online Bill Payment

Online Bill Payment


Online bill pay services offer a convenient, safe and inexpensive way to ensure that all of your bills are paid on time. It is a service that lets you pay your bills securely from a website or app. Many financial institutions offer this service. Online bill payment is a secure electronic service that allows customers to pay bills without having to write checks and mail them. Online bill payment usually is link to a checking account from which funds are withdrawn electronically for payment of one-time or recurring bills

Advantages of online bill payment

There are many benefits using online bill pay service. Some of them are given below:

  • It is convenient and time-saving
  • It is safe and secure
  • It helps in record keeping
  • Online Bill Pay Simplifies Money Management
  • Online Bill Pay is Ecological

One of the biggest benefits of paying bills online is the elimination of paper waste. Paying your bills online will reduce paper checks. Apart from eliminating paper waste, it also eliminates the cost of postage and envelopes. 

Qus. 1 : International payment transfer is done by

  1. RTGS
  2. SWIFT
  3. NEFT
  4. IMPS
Qus. 2 : What is blockchain?

  1. A type of cryptocurrency
  2. A distributed ledger on a peer to peer network
  3. A centralized ledger
  4. A Currency
Qus. 3 : What is the full name of AEPS?

  1. Annual Premium Equivalent System
  2. Aadhar Premium Enabled System
  3. Aadhar Payment Enabled System
  4. Aadhar Enabled Payment System
Qus. 4 : What is one advantage of the online system for paying bills?

  1. You can pay faster
  2. You can save money
  3. You can track transactions on real time
  4. All of the above
Qus. 5 : A POS is a ________ system to process card payments at retail stores?

  1. Software
  2. Midleware
  3. Firmware
  4. hardware
Qus. 6 : E-payments can be done through

  1. Wallets
  2. Digital Wallets
  3. Cash
  4. None of the above
Qus. 7 : What is full form of NeGD

  1. National e-Governance Division
  2. Network e-Governance Division
  3. National e-Governance Department
  4. Network e-Governance Department

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