IndusInd Bank launches its festive EMI feature


IndusInd Bank brings an amazing feature for its customers in this festive season. It has launched an EMI facility on Debit cards that enable customers to get easy installments by converting their high-value transactions.

IndusInd Limited, recognized as a new generation Indian Bank has its headquarters in Mumbai. It has almost 2000 branches spread over 147 geographical locations. It nearly has 2.5 crore customers.

It got its name IndusInd inspired by the Indus Valley civilization. Its mission is to emerge as India’s convenient bank with perfect financial metrics that are best in the nation.

The bank provides a wide range of personal banking facilities like deposits, loans, insurance, etc. Other facilities include corporate banking, wealth management services, and international management.

The bank is highly customer-centric. It comes with the tagline “We make you feel richer”.  It’s known for offering features like commercial, transactional, and electronic banking products and services to its customers that provide unique value to their banking experience.

The EMI (Equated Monthly Instalments) facility can be availed by the debit cardholders of the bank by tapping/swiping their cards at a merchant PoS terminal.

The new feature gives its debit cardholders the choice to purchase products from a wide variety of categories. The cardholders can make payments in easy installments.

They should pay back the installments based on the EMI option they have chosen with tenures from 3, 6, 9,12, 18, and 24 months. This feature provides relief and a bonus to the customers of IndusInd bank.

Charu Mathur, Chief Digital Officer & Head-Business Strategy, IndusInd Bank, said that the feature could add an extra slice of happiness to their customers in these festive seasons.

The IndusInd bank has partnered with sixty-thousand offline merchant outlets. These include hypermarkets, multi-brand stores, and large format retailers.

Suzuki Motorcycle partnered with IndusInd bank to offer retail customer finance. It has tied with Tata Motors for dealer financing. It has also agreed with Finacle from Infosys for its core banking transformation.

These large networks help them ease purchases across categories like apparel, automobiles, consumer durables, electronics, home décor, etc. The future aim of the bank is to partner with leading e-commerce platforms that would permit online purchases.

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