IndusInd Bank gets authorised by RBI to

 IndusInd Bank gets authorised by RBI to collect Direct and Indirect Taxes

IndusInd Bank today announced, that it has been authorised by the Reserve Bank of India (RBI) for collection of Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC)

The authorization has been awarded basis a recommendation from the Controller General of Accounts as well as the Ministry of Finance (Govt. of India), and comes close on the heels of the Bank being appointed as an ‘Agency Bank’ of the RBI to conduct government business

With this, IndusInd Bank customers will soon be able to pay their Direct and Indirect taxes through the Bank’s state-of-the-art digital platforms such as ‘Indusnet’ – its net banking platform and ‘IndusMobile’ – its mobile banking application.  Additionally, customers can even walk into their nearest branch to avail this service.

Speaking on the development, Mr. Soumitra Sen, Head – Consumer Bank, IndusInd Bank said, “We are delighted to be authorised by the RBI to facilitate the collection of direct and indirect taxes on behalf of the Government. As a responsible financial entity, this empowers us to offer customers with a comprehensive platform to pay their taxes in a convenient and seamless manner. Backed by the strength of our best-in-class technology channels, we look forward to bringing unparalled value to all our partner stakeholders, in their effort to widen the tax collection network.”

Honda Cars India ties up with IndusInd Bank to offer

Honda Cars India ties up with IndusInd Bank to offer 

lucrative financing schemes ahead of festive season

Honda Cars India Limited (HCIL), leading manufacturer of premium cars in India has partnered with IndusInd Bank to offer a gamut of convenient, affordable and personalized finance schemes for its customers, addressing their varied financing and payment needs. The partnership will facilitate customers to avail custom-built financing solutions on purchase of Honda Amaze and Honda City such as Low EMI, Flexi term, upto 100% ex showroom funding and customised schemes for specific customer groups like Farmers etc. 

Considering the auspicious festive period ahead of us, HCIL has tied up with multiple financiers including PSU Banks, Retail Financiers and NBFCs, with a keen focus on semi-urban and rural regions, to offer competitive interest rates and flexible repayment options to enhance customer convenience during their car purchase.  Special schemes have also been offered to make this buying season even more attractive and rewarding. These schemes will offer easy to buy options for customers in the prevailing COVID scenario, where more and more customers are opting for personal mobility to keep themselves safe and healthy.

Commenting on this partnership and roll out of special schemes, Mr Rajesh Goel, Senior Vice President & Director, Marketing & Sales, Honda Cars India Limited, said, “The partnership with IndusInd Bank is an extension of our efforts towards making personal mobility more accessible and affordable to diverse set of customers, both salaried and self employed. We anticipate increased demand during festive period, and with this partnership we will be offering easy, hassle – free and personalised financing solutions designed to encourage purchase and elevate car ownership experience.” He further added “Leveraging IndusInd Bank’s wide network of distribution points and branches, we will be increasing our reach and penetration across the country while making the brand interaction and purchase process much easier for customers.”

Speaking about the partnership, Mr. S. V. Parthasarathy, Head – Consumer Finance Division, IndusInd Bank, said, “We are proud and excited to be partner with Honda Cars India. With this, our customers will have a seamless journey towards financing and ultimately driving their dream cars.” Elaborating further on the partnership, Mr. T.A.Rajagoppalan, Executive Vice President, IndusInd Bank, said, “Our association with Honda Cars India will further enrich customer experience and aid the journey to purchase their dream cars with our pocket-friendly financial schemes, warm customer service and extensive market knowledge. These lucrative and customized financial schemes can be availed by all customers through an easy documentation process followed by our network pan-India.”

IndusInd Bank supported para-athletes qualify for

IndusInd Bank supported para-athletes qualify for 2020 Summer Paralympic Games, Tokyo

·         The Bank supports 43 para-athletes under its ‘Para Champions’ Programme, in collaboration with GoSports Foundation

 

·         21 of the supported athletes will represent the country in Tokyo, comprising nearly 40% of the overall Indian contingent.

IndusInd Bank believes in the inclusive and transformational power of sports. The Bank, through ‘IndusInd for Sports’ – its non-banking sports vertical supports programmes, under the Corporate Social Responsibility Act. 2013, that straddle the worlds of women athletes, able-bodied rural champions as well as elite para-athletes, with the sole purpose of bringing out the best in each of them.

As a testament to its effort at encouraging athletes to compete at the highest level, IndusInd Bank is proud to announce that 21 of its supported para-athletes who are part of the Bank’s ‘Para Champions Programme’ (In collaboration with the GoSports Foundation) will represent the country at the 2020 Summer Paralympic Games to be held in Tokyo between August 24 – September 5, 2021.

These 21 athletes comprise nearly 40% of the overall Indian contingent who will compete with the best in the world across disciplines such as Javelin throw, Shooting, Swimming, Archery, Badminton, High jump and more.

Speaking on the qualifications, Mr. Sanjeev Anand, Head – Commercial & Rural Banking and In-charge of IndusInd for Sports, IndusInd Bank said, “It is a matter of great pride to witness 21 of the Bank’s supported Para Champions represent India at the Summer Paralympic Games in Tokyo. In fact, 40% of the overall contingent that will represent the country are part of this programme, which itself, is a momentous achievement. We shall now wait to see them take centre stage with some of the best para-athletes across the globe, and wish them the very best for all their endeavours thereafter. Through our partnership with the GoSports Foundation, we aim to keep supporting all our para-athletes by providing them with necessary resources in their quest to bring more laurels for the country.  We do hope that the initiative goes on to inspire many others by bridging social barriers, building social acceptance and creating circles of excellence in the years to come.”

The following para-athletes (supported by the Bank) will represent India at 2020 Summer Paralympic Games:

 

Sr. No.	Athlete	Sport	Sr. No.	Athlete	Sport
1.	Sumit	Para -Javelin Throw	12.	Deepender Singh	Para -Shooting
2.	Varun Singh Bhati	Para – Javelin Throw	13.	Ekta Bhyan	Para – Club Throw
3.	Manish Narwal	Para -Shooting	14.	Avani Lekhara	Para -Shooting
4.	Suyash Jadhav	Para - Swimming	15.	Parul Parmar	Para - Badminton
5.	Rakesh Kumar	Para - Archery	16.	Pramod Bhagat	Para - Badminton
6.	Sandeep Chaudhary	Para – Javelin Throw	17.	Tarun Dhillon	Para - Badminton
7.	Sharad Kumar	Para – High Jump	18.	Rampal Chahar	Para – High Jump
8.	Amit Kumar Saroha	Para – Club Throw	19.	Dharambir	Para – Club Throw
9.	Jyoti Baliyan	Para - Archery	20.	Jaideep	Para - Powerlifting
10.	Manoj Sarkar	Para - Badminton	21.	Suhas Yathiraj	Para - Badminton
11.	Niranjan Mukundan	Para - Swimming

IndusInd Bank launches IndusEasyCredit a comprehensive

 IndusInd Bank launches ‘IndusEasyCredit’, a comprehensive digital lending platform

 ·         Empowers customers to meet their financial requirements from the comfort of their homes 

·         Customers can avail personal loans, credit cards instantly on a single platform in a fully digital manner 

IndusInd Bank today announced the launch of ‘IndusEasyCredit’, a comprehensive digital lending platform that enables customers to meet their financial requirements from the comfort of their homes. With this, both existing as well as non-IndusInd Bank customers can instantly avail personal loans or credit cards on a single platform in a completely paperless and digital manner. 

A first of its kind proposition, 'IndusEasyCredit' offers a fully digital end to end process that leverages the power of India’s public digital infrastructure - ‘Indiastack’ to offer personal loans and credit cards in a paperless, presence less and cashless manner. The stack leverages more than 35 interfaces to digitally verify KYC and employment information as well as analyse bank statements. It then leverages advanced analytics and machine learning based models to assess eligibility in real time. Post this, the customer can conduct Video KYC and get the loan disbursed into his or her account after executing the agreement digitally; without having to visit a branch or do any lengthy documentation. The stack will also be leveraged by various partners of the Bank.

Speaking about the new proposition, Ms. Charu Mathur, Chief Digital Officer & Head-Business Strategy, IndusInd Bank said, “Over the past few months, we have been constantly working towards creating a comprehensive solution that enables customers with easy access to credit from the comfort and safety of their homes. ‘IndusEasyCredit’ is a testament to that effort which provides customers with the flexibility to avail a personal loan or a credit card on a single platform, in a completely seamless, paperless, and digital manner. Backed by IndusInd Bank’s strong technological prowess, we believe, that this proposition will offer customers a differentiated banking experience."

Existing as well as non-IndusInd Bank customers can avail an instant personal loan by following the below mentioned steps: 

• Complete e-KYC and provide basic details to check eligibility (only applicable for non-IndusInd Bank customers)

·        Select the amount from pre-approved loan offer as required. Accept the auto populated interest   rate, processing fee and EMI amount 

·        Complete Video KYC (only applicable for non-IndusInd Bank customers)

·        Authenticate the request for enabling instant money credit into their account, after digitally signing the agreement 

·        The money gets transferred to the customer's account instantly on completion of this procedure

In order to avail credit card, customers can simply follow the below steps: 

• Complete e-KYC and provide basic details to check eligibility  (only applicable for non-IndusInd Bank customers) 

·        Customers will get the pre-approved offer

·        They can then select the desired IndusInd Bank Credit Card product

·        Complete Video KYC (only applicable for non-IndusInd customers)

·        On completion of Video KYC, the said card is dispatched to customer 

 Currently, customers can only apply for the 'IndusEasyCredit' facility through the Bank’s website. It will also be made available shortly on IndusMobile, the Bank’s mobile banking application. 

To know more about this facility, click on the following link: https://induseasycredit.indusind.com/customer/ecp/home

IndusInd Bank’s support towards COVID -19

IndusInd Bank’s support towards COVID -19 relief work

IndusInd Bank has been working with the Government and its agencies across several states as well as at the national level, in their efforts to fight against the COVID 19 pandemic. IndusInd Bank has committed Rs. 30 crore towards this cause and is monitoring the requirements closely.

As part of the commitment, the Bank has already supplied relief materials such as face masks, hand sanitizers and gloves to the affected areas to combat the Corona Virus pandemic. The Bank is also working on facilitating Personal Protective Equipment (PPE) for medical officials on duty.

The Bank has been given a mandate of opening an account towards the collection of contributions towards ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund).

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