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Saturday, June 29, 2013

Bank of india has gone live on imps using account no and ifs Code

  

            Bank of India was one of the founder members of IMPS in November, 2010. In June, 2013, it has decided to go live on IMPS – IFS Code sub-product too.

            With this new payment channel, Bank of India customers can expect to receive funds in their accounts in real time.

            Of course, it would be advantageous for Bank of India, if debit does not happen immediately in the respective accounts.

For any General Query on IMPS, after BOI customers’ can call on our call center no. 022-40919191

            A major announcement on Bank of India is with reference to blocking of International Card transactions for a temporary period. The blockage was due to some fraudulent transactions reported on the international internet sites.

            Another interesting tidbit, is that there is a whole section devoted to BOI alumni. WOW. This is first time, I am seeing an alumni association of a Bank.

            As BOYD is the norm now-a-days, BOI Safe is mandatory, for all BOI staff,  to access bank applications on a Smart Mobile Device


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