Ultimate Guide to Calculating Electricity Bill From Meter Reading

In India, electricity is a vital part of our daily lives and is used everywhere. Many people dread getting their electricity bill each month. However, it doesn’t have to be such a hassle; understanding how your electricity bill is calculated can help you make better choices about using energy and conserving power. Additionally, if you pay your electricity bill with Bajaj Finserv, you can take advantage of great deals like cashback offers. 

Bajaj Finserv is India’s leading NBFC, providing a range of financial products and services to cater to the needs of diverse customer segments. One of the popular services offered by Bajaj Finserv is the TNEB Bill online payment service. This service allows customers to pay Tamil Nadu electricity bill payment through a simple and convenient process. In addition, customers can enjoy several benefits when they pay bijli bills online payment, such as cashback deals and offers.

How to calculate your electricity bill from your meter reading

In India, the electricity bill is calculated based on the meter reading. There are different charges for different types of meters, so it is important to know which meter you have to calculate the bill correctly. To calculate your electricity bill, you will need to take a reading from your meter. The reading is given in kilowatt-hours, and it is this number that you will use to calculate your electricity bill. To do this, you will need to know the cost per kilowatt hour that your electricity company charges in your state. This information should be on your most recent electricity bill. Once you have this figure, simply multiply it by the kilowatt-hours shown on your meter reading. This will give you your total cost for the month.

Electricity Bill = Number of units consumed x Tariff rate

Tariff Rate: The tariff rate is the price charged per unit of electricity consumed by your state electricity board. It is different for different types of meters. For example, the domestic tariff rate is lower than the commercial tariff rate.

Advantages of paying your electricity bill with Bajaj Finserv

Bajaj Finserv is one of India’s most popular and trusted financial companies. Paying your Bijli bill with Bajaj Finserv(app & website), is that they offer cashback deals on certain transactions. This means you could get money back into your account simply to pay bijli bills online. This could potentially save you a significant amount of money each year. They are known for their customer-friendly policies and offers. So, it is not surprising that they offer some great advantages for paying your electricity bill with them. Here are some of the advantages that you can enjoy:

  • You can get attractive cashback deals and offers: They often offer exciting cashback deals and offers on electricity bill payments. So, you can save a lot of money by paying your bills with them.
  • You can pay your bills online: With them, you can easily pay your electricity bills online without having to visit the office or stand in long queues.
  • You can avail of discounts: Bajaj Finserv also provides discounts on electricity bill payments from time to time.

How to take advantage of cashback deals when paying your electricity bill Bajaj Finserv?

You can take advantage of their cashback deals when you pay your electricity bill. This means you will get a certain amount back for every rupee you spend on your electricity bill. To take advantage of these deals, simply follow the steps below:

  • Download App from Google Play Store. 
  • Log in through your registered email ID and mobile number.
  • Under the “Bills and Recharges” section, Tap on electricity.
  • Select your electric power company
  • Fetch your latest electricity bill after entering your customer ID.
  • Choose your preferred payment mode and pay your electricity bill.

Once you have made the payment, you will receive a confirmation message indicating that the transaction has been completed successfully and you have paid your electricity bill. The cashback amount of the electricity bill payment will be credited to your account within a few days.


Calculating your electricity bill from a meter reading is a simple process that anyone can do. However, there are some advantages to paying your electricity bill with Bajaj Finserv. For one, you can get cashback deals and offers that can save you money in the long run. Additionally, They make it easy to pay your electricity bill online, so you won’t have to worry about missed payments or late fees. Now that you know how to calculate your electricity bill, you can be sure you’re not paying too much for your energy usage. Use this information to save money on your next bill!