Bank of Baroda mPassbook – 11 New features please

Bank of Baroda mPassbook – 11 New features please

          The objective of any Banking App is to increase the DIY (Do It Yourself) transactions / resolve queries.

          The more bank account holders are comfortable with their Banks Mobile Apps / Net Banking Module, the less will be the burden on physical touch points.

          Towards this end, mPassbook offered by most Public Sector Banks is a good APP showcasing all the customers financial transactions in their bank accounts.

          Banks have the choice to customise a bit, though the overall features are common across the public sector banks.

          In the recent years, banking has undergone a massive transformation with UPI / Fastag / NACH.

          Now it is a good opportunity to relook the features of mPassbook.

          In this regard, Bank of Baroda can take the lead.

          Bank of Baroda has grown in size with the merger of Vijaya Bank and Dena Bank with itself.

           

New Features Please: -

New Feature 01) UPI – Transactions search based on VPA / mobile numbers

New Feature 02) Report suspicious transactions

New Feature 03) NACH Debit Mandates – View

More @ https://www.bankofbaroda.in/personal-banking/digital-products/instant-banking/e-mandate-registration

New Feature 04) NACH Debit Mandates – Transactions view on UMRN Number

New Feature 05) UPI Debit Mandates - View

New Feature 06) UPI Debit Mandates – Transactions view on UMRN Number

New Feature 07) Debit Card Mandates – View

More @ https://www.bankofbaroda.in/personal-banking/digital-products/debit-card-e-mandate

New Feature 08) Debit Card Mandates – Transactions view on Debit Card Number

New Feature 09) Card Tokenisation – List of Merchants where cards have been tokenised.

More @ https://www.bankofbaroda.in/personal-banking/digital-products/tokenisation

New Feature 10) Average Balance by month / Quarter/

New Feature 11) Rewards Points based on usage

 

7 Opportunities:

Opportunity to boost traffic to the BOB mPassbook

Opportunity to reduce traffic at physical branches by account holders for their routine banking enquires.

Opportunity to reduce traffic at call centre by account holders for their routine banking enquires

Opportunity for feedback from account holders to fine-tune the BOB mPassbook features

Opportunity to replicate the new features in BOB overseas subsidiaries ADD COUNTRIES NAMES.

Opportunity to reduce traffic to the BOB main banking app

Opportunity to rollout BOB mPassbook to its RRBs (Regional Rural Banks) Baroda-UP Gramin Bank / Baroda Rajasthan Kshetriya Gramin Bank / Baroda Gujarat Gramin Bank

Opportunity to visualise a Dashboard on its webpage

Simple Dashboard – Daily Statistics viz Number of New Logins / Number of Logins

Advanced Dashboard – Drill down model i.e Module wise

 

Bank of Baroda is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. The bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908

  

Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing More – Nothing Less.

 

Bank of Baroda - IMPS bandwagon

Bank of Baroda - IMPS bandwagon

Bank of Baroda is the latest Bank to be part of the IMPS bandwagon.

Bank of Baroda, is the 30th Bank to join the IMPS

Bank of Baroda has joined the Interbank Mobile Payment Service (IMPS) enabling their customers to transfer funds to the customers of 29 other banks who are already providing this service.

The tag line of Bank of Baroda is ‘Bank of Baroda - India's International Bank’

Bank of Baroda, has a history of 100+ years behind it, and its founder was Maharaja Sayajirao Gaekwad,

One interesting titbit, which the BOB’s website, mentions is ‘The Roll of Honor’.  This Roll of Honor mentions amongst others,  Maharaja Sayajirao Gaekwad, Sampatrao Gaekwad, Ralph Whitenack, Vithaldas Thakersey, Tulsidas Kilachand and NM Chokshi.

Bank of Baroda, was nationalised in the first bank nationalisation, i.e on 19 July 1969, by the government of India, along with 13 other major banks.

Bank of Baroda, over the years, acquired Banks, rescued Banks. A list of such acquisitions are

Hind Bank.,New Citizen Bank of India,  Surat Banking Corporation,  Umbergaon People’s Bank,  Tamil Nadu Central Bank, The Bank of India’s operations in Uganda,Traders Bank, which had a branch network in Delhi, Punjab Cooperative Bank in a rescue,  Benares State Bank (BSB) at the Reserve Bank of India’s request.

For IMPS transactions, NPCI provides the central switching, clearing and settlement service.

The following are  banks which have enabled  IMPS service to thier customers

(16 public sector banks, 12 private banks, one foreign bank and one co-op bank):-

Axis Bank , Bank of India, HDFC Bank, ICICI Bank, State Bank of India, Union Bank of India, Lakshmi Vilas Bank, Kotak Mahindra Bank, Federal Bank, Indian Overseas Bank , IDBI Bank, YES Bank, Indian Bank, Dombivli Nagari Sahakari Bank, Corporation Bank, Oriental Bank of Commerce , Development Credit Bank, Canara Bank, Syndicate Bank, Karur Vysya Bank , Punjab National Bank , Citibank, South Indian Bank, UCO Bank, Vijaya Bank, Andhra Bank, IndusInd Bank, Catholic Syrian Bank, State Bank of Bikaner & Jaipur, Bank of Baroda are the banks which are on IMPS grid as on 11/11/2011.

Out of the above,  5 Banks i.e. Catholic Syrian Bank , IDBI Bank, Indian Overseas Bank, South Indian Bank, and Andhra Bank are in Soft Launch. Well, the internal systems, must have not yet stabilised.

Bank of Baroda-NEFT Timings

Bank of Baroda-NEFT Timings
Website	www.bankofbaroda.com
Total Number of Branches	2884 as on 26th March, 2009
Bank of Baroda -NEFT Timings	NEFT payment settlement takes place 6 times a day (9.30 am, 10.30 am, 12.00 noon. 1.00 pm, 3.00 pm and 4.00 pm) and 3 times during Saturdays (9.30 am, 10.30 am and 12.00 noon).
Facility Available on Bank of Baroda  Net Banking	No, NEFT facility is available on their Net Banking.
NEFT Cutoff time for Online Transactions	Not Applicable
Brand Name for Bank of Baroda’s  NEFT Scheme	NIL
Bank Founded on	10th July 1908
Toll Free Contact Number	1800 22 4447
Email ID for Customer Complaint Resoultion	gm.ops.ho@bankofbaroda.com
Brief History	Brief History It all started with a visionary Maharaja's uncanny foresight into the future of trade and enterprising in his country. On 20th July 1908, under the Companies Act of 1897, and with a paid up capital of Rs 10 Lacs started the legend that has now translated into a strong, trustworthy financial body, THE BANK OF BARODA. It has been a wisely orchestrated growth, involving corporate wisdom, social pride and the vision of helping others grow, and growing itself in turn. The founder, Maharaja Sayajirao Gaekwad, with his insight into the future, saw "a bank of this nature will prove a beneficial agency for lending, transmission, and deposit of money and will be a powerful factor in the development of art, industries and commerce of the State and adjoining territories." The bank, along with 13 other major commercial banks of India, was nationalised on 19 July 1969, by theGovernment of India.