Presenting open by Axis Bank - AXIS MOBILE is Now open!

The Best of AXIS is at Your Fingertips: Presenting open by Axis Bank - AXIS MOBILE is Now Open!

In this blog post, we'll explore the exciting world of open by Axis Bank and the rebranded AXIS MOBILE app, where all your banking needs are just a touch away. Discover the convenience, security, and innovation that Axis Bank has brought to your digital banking experience.

 

Axis Bank has unveiled 'open by Axis Bank,' its digital banking initiative, as part of the Open 2023 campaign, showcasing the top 15 features of their digital offerings.

This move represents the bank's ongoing transformation into the digital space, emphasizing its commitment to a personalized and hassle-free digital banking experience.

The introduction of this mobile application underscores Axis Bank's shift toward enhanced digital services.

The AXIS Bank OPEN App provides a wide range of Pre-Login and Post-Login Features, making it a versatile digital banking tool.

One of its standout Pre-login Features is the Recharge option, which is particularly innovative and user-friendly. This feature is designed for both IOS and Android devices, and it allows users to recharge any mobile number directly from their contact list without the need to log in. Users can simply select a mobile number from their phone's contact list or manually enter the number they wish to recharge. After entering the recharge amount and confirming it with their mPIN, the recharge is swiftly completed, streamlining the process for added convenience.

Moreover, it's important to note that there are no charges for registering on Axis Mobile, whether you're using it on your iPhone or Android devices. This commitment to providing a fee-free registration process demonstrates Axis Bank's dedication to offering a cost-effective and user-friendly digital banking experience for its customers.

For over 30 years, the principles of 'open' have guided Axis Bank's customer-centric approach in the physical world, and this campaign marks their transition into the digital realm. 'open by Axis Bank' aims to establish itself as the epitome of digital banking, providing a user-friendly and modern interface for both existing and new customers.

The 'Open 2023' campaign showcases the top 15 features of the bank's digital offerings, emphasizing a personalized, intuitive, and hassle-free digital banking experience.

This move marks the bank's transition into the digital realm while staying true to the consumer-centric 'open' principles that have been its foundation for three decades.

As of now, 'open by Axis Bank' has seen significant growth, with around 13 million monthly active users, including approximately 8.4 million non-Axis Bank customers. With a high rating of 4.8 on the Google Play Store, Axis Bank maintains a strong position in the digital banking sector, offering more than 250 banking services on their mobile app.

Axis Bank remains committed to its 'open' principles, promising to deliver exceptional and distinct digital experiences in the ever-evolving world of banking.

Axis Bank, the third largest private sector bank in India, provides a wide range of financial services to various customer segments, including Large and Mid-Corporates, MSMEs, Agriculture, and Retail Businesses.

 

They have a vast network of 5,000 domestic branches and 15,751 ATMs across India. Additionally, they operate internationally with offices in Singapore, Dubai (at DIFC), Gift City-IBU, and representative offices in Dhaka, Dubai, Abu Dhabi, Sharjah.

They also have an overseas subsidiary in London, UK, focusing on various financial services.

Axis Bank, established in 1994, boasts a substantial balance sheet with a size of Rs. 13,17,326 crores as of March 31, 2023.

They have shown consistent growth, with a 5-year Compound Annual Growth Rate (CAGR) of 14% in Total Assets & Advances and 16% in Deposits from 2017-18 to 2022-23.

The key difference in the location of the registered and corporate offices is as follows:

 

01) Registered Office: The registered office of Axis Bank is situated in Ahmedabad, Gujarat, at the address 'Trishul', 3rd Floor, Opposite Samartheshwar Temple, Near Law Garden, Ellisbridge, Ahmedabad, Gujarat - 380 006.

 

02) Corporate Office: The corporate office of Axis Bank is located in Mumbai, specifically at Axis House, which has received a 'Platinum' rating from the US Green Building Council for its environmentally friendly facilities and carbon emission reduction efforts.

Disclaimer: My only joy is in spreading safe ePayments. I have no connection with Axis Bank, except as a Citi Card Holder. Please note that the information provided is based on publicly available knowledge, and I do not have any official affiliation with Axis Bank.

It's essential to verify and cross-check any financial or banking information independently before making any decisions or transactions.

 

 

 

UPI Tap n Pay Live on NPCI BHIM

          Now is the perfect moment for us, as bank account holders, to promote NPCI BHIM.

The developers behind NPCI BHIM have significantly improved its features, and the user interface is both stylish and adaptable.

Don't hesitate to give it a go.

UPI Tap & Pay is a convenient payment method that allows consumers to make transactions by simply tapping Near Field Communication (NFC) enabled QR codes at merchant locations. This technology aims to streamline and expedite the payment process for users.

UPI Tap & Pay: Customers will now have the convenience of swiftly finalizing their payments by simply tapping Near Field Communication (NFC) enabled QR codes at merchant establishments. This streamlines the transaction process, making it more efficient.

QR codes have seamlessly become an integral part of the UPI payments ecosystem, serving as a pivotal element in facilitating digital transactions.

In a significant step towards boosting the adoption of QR code and Near Field Communication (NFC) technology, the RBI Governor has introduced UPI Tap & Pay. Alongside the traditional Scan and Pay method, users now possess the option to effortlessly tap NFC-enabled QR codes at merchant locations to complete their payments.

Tap & Pay through UPI enables users to complete their transactions swiftly by simply tapping NFC-enabled QR codes at merchant locations. This method enhances the convenience and efficiency of digital payments.

Greetings: These thoughts are exclusively my own. Consequently, I bear full responsibility for any inaccuracies. It's important to emphasize that my primary focus is on ensuring Safe ePayments.

 

Diabetes Care Motivator #DiabetesCareMotivator

UPI LITE X (Offline) in Vande Bharat Trains

         Eagerly anticipating the opportunity to buy food onboard Vande Bharat Trains using the UPI LITE X (Offline) feature.

The UPI LITE X (Offline) functionality has been launched on the NPCI BHIM App, and now it's Indian Railways' turn to activate UPI Lite X for food transactions on Vande Bharat Trains. We should actively discourage the traditional cash payment method.

It's worth noting that passengers who initially didn't choose to include meals when booking their tickets can still purchase food while onboard Vande Bharat Trains.

Naturally, it's essential for the catering team to ensure they have an adequate supply of food items available on these trains.

Passengers who do not pre-purchase their meals will incur an additional charge of ₹50 if they choose to order food on the train, provided it is available.

 

Railway sources have indicated that there has been some confusion regarding the availability of food items on Vande Bharat trains. To address this, moving forward, passengers will receive SMS notifications about catering services at the time of booking and again 24 to 48 hours before their journey for confirmation.

 

Rail officials stated, "The SMS notifications will also include details about the meals and the portion sizes that will be served." Many passengers had previously expressed dissatisfaction, citing instances where they were served vegetarian breakfast despite having paid for a non-vegetarian option. This new system is aimed at enhancing transparency, ensuring that passengers are fully aware of what they are paying for.

 

Expanding upon the success of the UPI LITE feature, the RBI Governor has introduced UPI LITE X for offline payments, enabling consumers to make payments from any location, even in situations with limited or no internet connectivity.

This innovative product leverages Near Field Communication (NFC) technology.

This advancement greatly simplifies transactions, particularly in areas with unreliable connectivity, ensuring that money can be sent and received without interruptions when internet access is unavailable.

UPI Lite X extends its transaction capabilities to regions with connectivity challenges, such as underground stations and remote locales, distinguishing itself from both regular UPI and UPI Lite.

While regular UPI facilitates seamless money transfers between bank accounts regardless of the amount, UPI Lite is tailored for small payments.

UPI Lite X, on the other hand, surpasses both by enabling offline transactions in areas with poor or no connectivity.

To ensure the reliability and effectiveness of these offline transactions, it's crucial that the sender and receiver are in close proximity to each other—a sort of digital handshake between devices.

With UPI Lite X, users can initiate a one-time maximum payment of Rs. 500, making it a convenient solution for swift, small transactions.

While individual transactions through UPI Lite X are capped at Rs. 500, users still have the flexibility to make payments totaling up to Rs. 4,000 per day.

Let's highlight the distinctions between UPI Lite X, UPI, and UPI Lite:

01) UPI Lite functions as a payment solution utilizing the NPCI Common Library (CL) app, primarily designed for low-value transactions. On the other hand, UPI operates as a 24x7 instant payment system, facilitating real-time fund transfers between two bank accounts.

02) When utilizing UPI or UPI Lite, the recipient doesn't necessitate physical presence and can accept funds from anywhere within the country. Transactions can be executed by scanning a QR code or by using the recipient's UPI ID or linked phone number.

03) In contrast, UPI Lite X transactions necessitate both the sender's and receiver's devices to be in close proximity. These transactions employ NFC technology to transfer money between on-device wallets, eliminating the necessity for internet access.

 

 

Meanwhile, the newly introduced Vande Bharat trains are set to ply on several key routes across the country, including the Udaipur-Jaipur, Tirunelveli-Madurai-Chennai, Hyderabad-Bengaluru, Vijayawada-Chennai (via Renigunta), Patna-Howrah, Kasaragod-Thiruvananthapuram, Rourkela-Bhubaneswar-Puri, Ranchi-Howrah, and Jamnagar-Ahmedabad corridors.

 

These trains are poised to become the fastest means of transportation on their respective routes, promising time savings ranging from 30 minutes to three hours.

 

These nine Vande Bharat trains will significantly enhance connectivity across eleven states, namely Rajasthan, Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Bihar, West Bengal, Kerala, Odisha, Jharkhand, and Gujarat.

 

Operational on specific routes, these Vande Bharat trains are designed to offer passengers the quickest travel experience possible.

 

Compared to the current fastest trains on these routes, the Rourkela-Bhubaneswar-Puri Vande Bharat Express and Kasaragod-Thiruvananthapuram Vande Bharat Express will cut travel times by approximately 3 hours, the Hyderabad-Bengaluru Vande Bharat Express by over 2.5 hours, the Tirunelveli-Madurai-Chennai Vande Bharat Express by more than 2 hours, the Ranchi-Howrah Vande Bharat Express, Patna-Howrah Vande Bharat Express, and Jamnagar-Ahmedabad Vande Bharat Express by about 1 hour each, and the Udaipur-Jaipur Vande Bharat Express by approximately half an hour.

 

In accordance with the Prime Minister's vision to enhance connectivity to significant religious sites across the nation, the Rourkela-Bhubaneswar-Puri Vande Bharat Express and Tirunelveli-Madurai-Chennai Vande Bharat Express will connect important pilgrimage destinations like Puri and Madurai.

Additionally, the Vijayawada-Chennai Vande Bharat Express, operating via the Renigunta route, will offer connectivity to the Tirupati Pilgrimage Center.

  

Notice: The statements in this blog post represent my individual perspectives exclusively.

The fundamental objective is Safe ePayments, nothing beyond, nothing less.

Copyrights, if any belong to the original copyright holder only.

 

Diabetes Care Motivator. #DiabetesCareMotivator