How to Pay Water Bill Through UPI?

Water is an essential resource for our daily needs, and timely payment of water bills is necessary to ensure a consistent, clean water supply. With the rise of digital payments in India, paying water bills has become more convenient and hassle-free. Unified Payment Interface (UPI) has emerged as a popular digital payment method for various utilities, including water bills. UPI has been used by an increasing number of consumers in recent years to pay their water bills. According to statistics, in 2022, almost 72 billion digital payments were recorded across India. With the increasing availability of smartphones and internet access, the number of people using UPI for bill payments is expected to rise further.

This article will guide you through paying your water bill via UPI and provide some useful tips to make the process easier. So, if you want a hassle-free way to pay your water bill, keep reading to learn more!

How does UPI work, and what is it?

The National Payments Corporation of India (NPCI) designed the payment system known as UPI or Unified Payments Interface. Users may instantly transfer money across Bank accounts using this single-window real-time payment system. UPI works by linking more than one bank account in a single smartphone app and making fund transfers without providing an IFSC code or account number. UPI is designed to enable peer-to-peer inter-bank transfers through a single two-Factor authenticated mobile number. The Reserve Bank of India (RBI) regulates the system and is available 24/7. UPI has become a popular payment method in India due to its convenience, speed, and security.

Requirements to pay water bill through UPI

To pay your water bill through UPI, you will need the following requirements:

1. UPI-Enabled Mobile App: You need a UPI-enabled mobile app on your smartphone to make the payment. India's most popular UPI apps are BHIM, Google Pay, PhonePe, Paytm, and Amazon Pay.

2. Bank Account: You need a bank account linked to your UPI-enabled mobile app. This is necessary to make the payment.

3. Water Bill Details: You need to have the details of your water bill, such as the bill amount, due date, and customer ID. You can get these details from your water bill or by contacting your provider.

4. UPI PIN: You must set a UPI PIN to authorise the payment. You need to enter this four or six-digit numeric code on your UPI app to complete the transaction. You can set the UPI PIN through your UPI app.

5. Active Internet Connection: You need an active Internet connection to make the payment. This can be a Wi-Fi connection or mobile data.

Steps to pay water bill through UPI

Here are the step-by-step instructions to pay your water bill through UPI:

• Step 1: Open your UPI-enabled mobile banking app and log in using your credentials.
• Step 2: Click on the "Bill Payment" option and select "Water" from the list of available services.
• Step 3: Select the water board from the list of options. You will have to enter your customer ID or account number.
• Step 4: Enter the bill amount and verify the transaction details.
• Step 5: Choose the bank account from which you want to pay and click "Proceed."
• Step 6: You will be redirected to the payment gateway of your bank. Enter your UPI PIN to authorise the transaction.
• Step 7: When the payment is successful, you will get a confirmation message on both your registered email address and mobile device number.

That's it! Your water bill payment is now complete. Make sure to check your payment status and confirm the same with your water board to avoid any discrepancies. With the ease of UPI payments, you can now pay your water bill on time and avoid any late payment fees.

Advantages of paying water bill through UPI

There are several advantages to paying your water bill through UPI. Here are some of them:

1. Convenience: Paying your water bill through UPI is extremely convenient as it can be done from anywhere and at any time. All you need is a UPI-enabled mobile banking app and an internet connection.

2. Speed: UPI transactions are processed in real-time, which means that your water bill payment is processed quickly, and you receive an instant confirmation.

3. Security: UPI transactions are secured with multi-factor authentication, which includes your UPI PIN, biometric authentication, or mobile number verification. It ensures a sense of safety and security.

4. Cost-effective: UPI transactions are relatively inexpensive compared to other payment methods, and most banks do not charge transaction fees.

5. User-friendly: A wide spectrum of users can utilise the UPI interface since it is user-friendly and simple.

6. Environmentally friendly: Paying your water bill through UPI is an environmentally friendly option as it eliminates the need for paper bills and receipts.

India's future with digital payments

Digital payments in India appear to have a bright future, with the expected growth in internet users and e-commerce Market size. India's digital payments landscape has transformed dramatically over the past five years and is set to become a digital payment Economy. Dilip Asbe, chief executive officer of NPCI, predicts that the number of individuals using digital payments will triple to 750 million in five years.

The prime objectives for the Government of India to set up the UPI were universal electronic payments, a less-cash economy, and Financial Inclusion. Digital commerce, particularly m-commerce, will likely sustain a 25-27% CAGR through 2025, and India's 60-70% population will move into urban centres. India's digital payments Industry has a promising future, and UPI is leading the way. As more people adopt digital payments, the growth potential is enormous, and UPI is well-positioned to take advantage of this trend.

Final thoughts

Paying your water bill through UPI is a quick, secure, and practical payment method. You can pay your bills at the convenience of your home, workplace, or wherever you are without having to stand in line or go to a payment centre. With UPI, you can link your bank account to a UPI-enabled mobile app, enter your water bill information, and make payments using a UPI PIN. Paying your water bill through UPI offers several advantages, including ease, immediate payment, safe and secure transactions, different payment choices, cashback, and offers. Therefore, it is a preferred payment method for many people. Consider paying your water bill through UPI to avoid long lines and save time and effort.