The A.P. Mahesh Co-operative Urban Bank live on IMPS using Account No and IFS Code on 24th August, 2012

The A.P. Mahesh Co-operative Urban Bank Ltd., with its H.O being: ISO 9001:2008 Certified now offers to its customers the IMPS product i.e IMPS using Account No and IFS Code.

            This new facility was rolled out to its customers on 24/08/2012. Readers will remember that Mahesh Bank had gone live on IMPS in Mar 2012. Within a short span of 6 months, it has adopted another Safe ePayments mode.

            In another customer retention activity or CSR, Mahesh Bank has announced a free computer awareness program. The awareness program will be conducted at the Bank’s Staff Training College, Near Muslimjung Bridge, Begum Bazar, Hyderabad.

            Yes, Hyderabad residents can be the participants of this free course. Go ahead, join it. The syllabus is Basics of computers, MS-word, MS-Excel, MS Access, Internet Browsing

           

Re-disseminated by Prashant N. Banker by daytime-Blogger by night

Tamilnad Mercantile Bank live on IMPS using Account No and IFS Code

                Way back in January 2012, Tamilnad Mercantile Bank had gone live on IMPS, with a public launch. 

                On 17/08/2012, in another customer-friendly initiative, Tamilnad Mercantile Bank has launched another IMPS sub-product i.e IMPS using Account No and IFS Code.

                With this feature, now TMB customers can receive funds via IMPS without the sender not knowing the MMID also.

                      Mr A.K. Jagannathan, Ex-Managing Director had a vision to change the Bank Logo. The new ‘logo’, was unveiled on May 3 2012, at the Banks AGM. Mr A.K. Jagannathan stepped down office on May 5 2012.

               Tamilnad Mercantile Bank is part of the old generation private sector Bank network with its Headquarters in  Tuticorin, Tamilnadu.

                One more step in Safe ePayments. Cheers TMB.

JAIIB/CAIIB – Pay your Exam fees online now

                Indian Institute of Banking and Finance (IIBF), the professional body of banks, financial institutions, has migrated majority of its financial transactions to the ePayments mode.    

The institute’s major share of financial transactions is the payments of membership fees and the examination fees.

                Over the years, the preferred payment mode was the Demand Drafts. However, as finance bodies started to adopt ePayments, IIBF too entered the domain of ePayments.

                Today, when I logged on to the IIBF website, the following message warmed my heart.

Quote

Register for Ordinary Membership Online.

No physical form with Demand Draft/Pay Order will be accepted by the Institute from 18th June 2012.

Unquote

The JAIIB/CAIIB examination fees too, can be paid online i.e Credit Card/Debit Card/Net Banking.

As of now, the IMPS mode has not yet been activated. Well, in future, IMPS too will be an additional payment mode.

Go ahead, remit your JAIIB/CAIIB fees online.

                 

IMPS - (India's Magical Payment System )Member Banks reaches the 50 mark

The IMPS enabled member bank list has reached 50, with Punjab and Maharashtra Co-operative Bank joining IMPS on 23-Jul-12.

July 12 had been a particularly busy period for IMPS network, with 6 Banks becoming part of the IMPS family.

The following Banks have joined IMPS in July 12.

• Punjab and Maharashtra Co-operative Bank on 23-Jul-12
• Standard Chartered Bank on 22-Jul-12
• ING Vysya Bank on 21-Jul-12
• Karnataka Bank on 20-Jul-12
• Janata Sahakari Bank, Pune on 12-Jul-12
• United Bank of India on 4-Jul-12

All the above banks have are still in the soft launch stage. Once the IT Applications are stabilized, and Operations Team familiar with the in and out of the IMPS flow, the respective Bank Customers will be invited to avail the IMPS benefits.

Janata Sahakari Bank Ltd., Pune offers IMPS.

Janata Sahakari Bank Ltd., Pune established on 18th October 1949, with over 37 branches spread in the 7 districts in and around Pune has entered the IMPS network.

Late Moropant Pingale, an RSS Pracharak was the main inspiration in the establishment of the Bank. To remember his memories, the Bank has instituted an award in his name. The award is given to a Organization engaged in Social work.

With the beauty of IMPS, JBS-Pune customers can now receive and send funds instantly to all the 46 Banks customers on the IMPS network. This dramatically increases the reach of the JBS customers.