Salient features at a glance

Application forms may be obtained from any of the Regional Offices of CESC.
You may also call 1912, any time, for free home delivery of the application form.
Minimum initial advance Rs 5,000.This is an open-ended scheme and you can periodically add to your advance.
A maximum of 60 times the previous monthly bill amount, or Rs 5,000, whichever is higher,can be accepted as advance payment.
Advances paid in cash will be accepted up to a maximum limit of Rs.19,000 at a time.
The money paid by you under this scheme starts earning interest from the date of credit of funds to the CRES account.

Photocopy of the previous month's electricity bill along with the Cheque/Demand Draft/Cash should accompany the application form for submission.An acknowledgement of receipt of the application would be given across the counter at the collection centres.

Tata Consultancy Services (TCS), the service provider of this scheme , will issue a statement to those registering with this scheme, within 15 days of the credit of funds to the CRES account intimating the CRES account number for the advance and the exact month from which the adjustment would start.All your future correspondence should quote your CRES account number.

Thereafter, statements will be issued every quarter by TCS, showing the advance amount initially paid, the monthly deductions made and the interest credited on the balance unadjusted amount.

The unadjusted credit balance before adjustment for the month will also be reflected in the monthly electricity bills.

Get attractive returns from CESC with
		Earn interest at a rate higher than your current fixed deposit!
Now you can reap much more than you sow,with CESC's new offer to its consumers!A unique way to facilitate the payment of your bills,while enjoying attractive returns at the same time. And,it's really very simple.All you need to do is make an advance payment against which your monthly electricity bill amount will be adjusted,with the remaining balance earning interest at an attractive rate of 10.5% p.a.,a rate higher than that available in other investment options!		What is the interest rate and how is it calculated? The unadjusted advance payment under *CRES* will carry an interest rate of 10.5% p.a. The interest would be accrued monthly on the first working day of every subsequent month. It will be credited to the *CRES* account, for adjustment against your electricity bill, for that month.
*So why wait?Get the CRES* advantage today.Make life simple,and also give your money that extra mileage.** No more queuing up to pay your monthly bills!		How will the transactions be shown on the monthly electricity bills? Your electricity bill will state the unadjusted balance under *CRES* as on the first day of the month in which the bill is generated, before adjustment of the bill of that month. Of course, the bill iself will be a credit bill for your information only, and you will not have to pay for it as long as the unadjusted balance is more than the bill amount. You will also get a quarterly statement, seperately, showing the particulars of the operations in your *CRES* account.
Rid yourself of the trouble of queueing up to pay your electricity bill every month.With *CRES* the bill amount is automatically adjusted from the advance amount, thus letting you better utilise your precious time. The scheme details The net monthly electricity bill amount will be adjusted from the amount advanced under *CRES. Interest will be credited on the first day of the month to the CRES* account and will be available for adjustment against the electricity bills falling due during the month.This adjustment process continues every month till the *CRES*		When did the CRES scheme come into effect? The scheme started from March 1, 2002. Where will the application forms be available? Application forms for advance payments under *CRES* will be available at the Regional Offices of CESC. Where will the applications be deposited? Completed application forms,together with the cheque/demand draft/cash and a copy of the previous month's bill,may be submitted at any of the collection centres mentioned in the application form.
account balance gets fully adjusted or the balance falls below Rs.100.You can,of course,at any time,make additional payments,as long as the total unadjusted advance does not exceed the maximum limit (details explained later).		Sleep better.Total security offered to your money by CRES.
Are you eligible for CRES? You can avail of this scheme as long as it is against a specific consumer number.You can also use this scheme to pay the electricity bills of any other consumer you may wish to - a convenient way to look after your loved ones (a separate CRES* account needs to be opened for each consumer number).* What will be the advance amount? The minimum advance amount is Rs 5,000 per connection, including new connections. Further amounts will be accepted		The advance amount paid is totally secure with CESC,as any depletion will only be for adjustments made against your future electricity consumption. Also,during the scheme period,consumers will continue to enjoy their existing rights.If any abatement/adjustment is allowed,due to any dispute arising in respect of any earlier bill/s already adjusted through the *CRES* account,then such adjustment would be effective from the due date of the respective bill,for the purpose of calculation of interest. So hurry.Pick up a *CRES* application form today from the nearest CESC Regional Office.Or simply call 1912 ,any time.The application form will be delivered to yaur home!
in multiples of Rs 1,000 only. The maximum advance amount can be sixty times the last monthly bill or Rs 5,000, whichever is higher.		Whichever way you look at it,you are clearly the winner.
Can additions be made to the advance? Yes. A minimum amount of Rs 3,000 and further amounts in multiples of Rs 1,000 only, can be added to the advance. Additions, together with the unadjusted balance, should be within the limits. as specified above.
Can the advance be withdrawn? Yes, the advance can be withdrawn under special circumstances as mentioned in the terms and conditions in the application form. The refund amount will be in favour of the person who made the advance payment and not the consumer, if they happen to be different persons.		Putting your interest first! In case of further clarifications, please feel free to contact your nearest CESC Regional Office or call 1912.