Indusind Bank ventures into Safe eTransactions-IMPS Branch Channel

             Indusind Bank has become the first bank in our country to offer IMPS transactions through the Bank branch channel.

            IMPS which debuted four years bank was primarily designed for alternate channels mode i.e customers initiate the transactions on their own, without intervention by bank staff.

            As the main advantage of IMPS is 24*7, 365 days delivery, the volumes were going up. Till date, no Indian bank was offering IMPS through the bank branch channel.

            Now, Indusind Bank has started to offer this facility at its branches. Going ahead, other banks too will offer IMPS at their branch.

            The first mover’s advantage will surely go to Indusind Bank.

            Bank staff has to extra vigilant while keying the beneficiary details. IMPS is instant and the RECALL option is simply not feasible.

Indusind live on IMPS-ATM sub product

            Indusind Bank has tapped one more eTransactions opportunity, to increase the footfalls at its ATMs.

            It has gone live on (Immediate Payment Service) IMPS-ATM sub product. This means Indusind Bank customers can access the IMPS facility through the bank’s ATMs.  

            Once Indusind bank starts advertising the same, across various media channels, the transactions volumes will increase.

            One recent product which Indusind Bank has launched is the ‘Super Savers Pack’, for its saving bank customers.