Canara Bank Aadhaar Seeding – what do you prefer? Traditional or Modern?

                The traditional way to seed your Aadhaar Number into your Canara Bank account is to visit any Canara Bank branch.

                However, if you do not have the time to visit the Branch, Canara Bank allows you to seed your Aadhaar number via their website too.

                The bank had earlier launched four alternate channels for Aadhaar seeding, empowering the customers to request Aadhaar seeding from the comfort of their home or office without having to visit the branch.

According to R. K. Dubey, Chairman and Managing Director, Canara Bank, “The bank is the first to launch such a self-check facility for the customers. The facility offers Aadhaar seeding without having to visit the branch.”

The customer has to simply key-in details, such as account number and customer ID. The system checks whether the Aadhaar number is available in the bank’s server.

If yes, it informs the customer about its presence. If no, it prompts the customer to provide Aadhaar number through simple steps. In a matter of few minutes the customer’s Aadhaar seeding request is taken.

The customer can simply SMS the Aadhaar number along with bank account number to get his/her Aadhaar linked to the bank account. Another option is to call the bank’s call centre. All the requests are centrally processed and on successful seeding of the Aadhaar number, an SMS is sent to the customer.

The web facility is available only for Canara Bank’s customers who have been registered for mobile banking. This is because, an OTP (One Time Password) is sent for validation of the customer’s mobile number. 

Canara Bank to launch its eLounge services in Bangalore and Delhi

            One more public sector banks, has joined the eLounge bandwagon. The latest public sector bank is Canara Bank.

            Like all other PSB’s the eLounge is targeted at Metro customers only. Somewhere Indian Bankers think that only the Metro customers are only interested for eLounge facilities, and there is no demand in Semi-Urban, Tier I and Tier II cities.

            Banks would be surprised at the latent demand in non-metro cities. In metro cities, majority of the bank customers have access to secure computer access, through which they prefer to carry out their banking needs via the Banks net modules.

            Canara Bank’s  e-Lounge is one stop facility targeted at corporate, IT and business professionals depending on their needs.

Like other eLounges, Canara Bank eLounge also offers similar services viz

01) Services of ATM,

02)cash deposit kiosk,

03)check deposit kiosk,

04) pass book update,

05)internet banking terminal,

06)online trading terminal,

07)corporate web site terminal to offer latest information of bank’s services.

            The first e-Lounge facility will be inaugurated by bank’s Chairman and Managing Director R K Dubey, at Koramangala Branch, Bangalore.

            Yes, even in Metros if the facility is properly publicized, there is a fair chance that Bank Customers would make use of the varied facilities. Otherwise, it will be just another revenue guzzler. 

Who will be the major client of Yes Bank IMPS-MPS?

IMPS-Merchant Payment Service pilot launch with Yes Bank

            Yes Bank was one of the banks who were in the Pilot Launch of IMPS in November 2010. Taking this tradition forward, Yes Bank has also joined the Pioneer Club for the IMPS Merchant Payment Service.

            Yes Bank joined the IMPS Merchant Payment Service last month i.e August 2012. With this, Yes Bank would now be able to offer this new ePayment mode to their ‘Cash Management Services’ clients.

IMPS-MPS will be beneficial for Accounts Receivables more than Accounts Payables teams.

            HSBC, State Bank of India, Canara Bank, ICICI Bank, Kotak Mahindra Bank, Union Bank of India are the banks which are already online with IMPS-MPS.

            State Bank of India’s’ major client is IRCTC. HSBC’s major client is Reliance Mutual Fund. With reference to other banks, at present, no information is available in the public domain.