In today's times, everyday expenses are constantly increasing. Utility bills like electricity, gas, mobile, and internet put a strain on our wallets every month. But did you know that by paying your bills a little more smartly, you can save up to ₹1000 every month on these payments? Yes, by understanding the discounts, cashback, and rewards available during bill payments, you can save a few rupees in your account every month.

Benefits of Online Payments

In the age of digital payments, almost every utility provider is now promoting online bill payments. Many companies also offer discounts or cashback ranging from 1% to 5%, which can result in significant savings over the year. This facility is especially beneficial for families who pay several types of bills every month.

Many bill payment apps and platforms offer special offers to their users from time to time, such as cashback, reward points, or discount codes. By taking advantage of these offers, you can cover expensive bills at a lower cost.

Savings with Digital Wallets and Payment Apps

Payment apps on mobile phones like BHIM, Google Pay, PhonePe, Paytm, etc., offer special deals from time to time. Such offers are usually for a limited period, so whenever a major cashback or reward offer comes up, you should take advantage of it immediately. This allows you to benefit from savings even on small expenses.

Credit Cards and Payment Options for Monthly Bill Payments

SBI Cashback Credit Card: Up to 5% cashback on all online purchases and utility bills.

Axis Bank Cashback Credit Card: This card is considered quite good for utility bill payments.

Amazon Pay ICICI Bank Credit Card: 1-2% cashback on Amazon and other places for Prime members.

BOB Eterna Credit Card: Another good option for better rewards on utility payments.

RuPay Credit Cards on UPI: Now, many RuPay credit cards are offering more than 1% cashback on bill payments via UPI. PhonePe, CRED, Paytm: Use these apps for credit card bill payments, where offers are available from time to time.

Cashback on Credit Card Payments

If you have a credit card, many card companies offer cashback or reward points on utility bill payments. Choose credit cards that offer good cashback on utility bills (such as electricity, water, gas, mobile, and internet).

Some cards offer up to 5% cashback, such as the Standard Chartered Super Value Titanium card, which offers up to 5% cashback on utility bill payments (with an annual limit). Credit cards like Axis Bank ACE also offer up to 5% cashback on bills like mobile, DTH, electricity, water, and gas. Note that some cards have a cashback limit, such as a maximum cashback of ₹100–₹500 per month. Even so, this helps with small savings every month.

The Power of UPI and App Offers

In Digital India, the use of UPI has increased rapidly. Many times, UPI apps also offer cashback or bonus rewards. For example, the BHIM app offers great cashback offers on electricity bill payments, where you can get full cashback on your first payment of ₹20 or more.

By carefully watching and utilizing such offers from time to time, you can take advantage of them at the right time. Remember that not every offer is always available, so whenever you see a good offer, you should take advantage of it immediately.

Smart Tips for Saving on Bill Payments

1. Always Check for Offers

When you go to pay your bills, always check the offers section of your payment app. Many times, you will find special cashback or bumper rewards.

2. Choose the Right Card

Instead of just paying your bills once a month, choose a credit card that offers good rewards on utility bills. This will increase your monthly savings.

3. Pay on Time

Many bill providers also offer discounts or cheaper rates for paying on time. Pay your bills on time to avoid late fees. 4. Platform Chapters

Many platforms offer bill payment facilities without any additional service charges, allowing you to save a little every month.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.