ICICI Bank has come up with a cash back offer for its account holders. For every utility bills paid during the offer period of November 1, 2007 to February 28, 2007, they will get a cash of Rs. 50/- each, no matter how much is your payment amount. The offer name is Cash in on Bill Pay. The utility bills includes your mobile, electricity, gas, landline, etc but does not include insurance and credit card bills.
To avail this offer you need to first register for it by adding the biller to your account and as soon you register, you can pay it online and get the cash back credited back to your account. You can pay as much biller as you can during this time frame and the maximum cash back you can get from a particular biller during this time frame is Rs. 200/-. First you need to also check out whether the biller that you need to pay is listed there, only those listed can be paid through ICICI.
The drawback for this offer could be that if you register for the biller payments, you will be bound to pay the amount between the biller and the bank and if there were some mistakes in the bill and stopping payment and other formalities will consume more time and energy from us. This could be most applicable with the government owned co's like BSNL or MTNL. Else registering for the ECS would be of great benefit in both saving energy and most importantly time, since everything is automated and you will not have any worries of remembering or forgetting bill pays.
You can know more about this "Cash in on Bill Pay" offer and register for the same at ICICI Bank Website.
Image from ICICI Bank.
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