Cash Management Services

Payment Solution

    We provide different kinds of payment solutions to meet the needs of varied set of customers.

    Customers can use traditional mode of payment i.e. Demand Drafts, or can use Payable At Par cheques or make use of our new age banking solution using Internet– Indus Direct Payment Solutions for making online payments. Each of these services have their own uniqueness adding value and Edge to your business:-

    We provide a comprehensive package of payments products and services that integrate
    with the way you do business, including:

    • RTGS/NEFT Payments
    • Instra bank Account transfers(pay-out and pay-in)
    • NECS Credit
    • Corporate Cheques
    • Bulk demand Drafts
    • Dividend/Interest Payments

Indus DIRECT

    INTERNET BASED CORPORATE PAYMENT SOLUTIONS

    “Indus DIRECT” is IndusInd Bank’s integrated Electronic Payments Platform through which next-generation payment innovations can be made available to its corporate customers. The thrust is on enhancing your banking experience by shifting controls in your hands, enabling the participation of all members leading to a Community Banking, setting up an environment of transparency and access to information and resources, and creating an online platform that is responsive enough to meet your ever changing needs.

    “Indus DIRECT” is designed to suit the requirements of Corporate treasurers by providing secure and efficient transmission of a high volume of payment transactions through an online channel further complemented by offering convenience and flexibility to enquire online account balances and detailed account statements.

    Key features of Indus DIRECT Platform:

    • Anytime, anywhere access from Internet, helps to keep a track from anywhere in the world
    • Supports Maker/ Checker framework, ensuring security of your money
    • Allows for implementation of multi-layered authorisation matrices
    • Facilitates both single and bulk fund transfer modes
    • Online account balances can be enquired for operating INR accounts
    • Online detailed account statements can be downloaded in a variety of formats.
    • Fund transfers are supported for RTGS/NEFT fund transfers, Fund transfers within IndusInd Bank and Demand draft request

Indus Online

    ‘Indus Online’, is the integrated Corporate Internet Banking Portal through which comprehensive banking solutions are provided to our valued customers. ‘Indus Online’ enhances the customer’s banking experience by shifting transaction controls into your hands thus setting up an environment of empowerment and online 24x7 access to information and resources. ‘Indus Online’ delivers a customized work environment by offering a selection of powerful controls over your facilities with IndusInd Bank ranging from Payments & Collection, Trade & Remittances, Supply Chain Financing and more. Key features/benefits of this offering include:

    Comprehensive Product suite

    - Electronic Payments & Collections solutions

    • Online initiations of Payments such as NEFT/RTGS on a straight through basis
    • Initiate requests for bulk issuance of Corporate cheques and Demand draft
    • Out of the box capability for pre registration of beneficiaries at your convenience
    • Facilitation of value-add like issuance of Stop cheque instructions/cheque status query/offline account statement request etc
    • Consolidates and delivers receivables data on demand
    • Ensures predictability of cashflows
    • Optimize operational cost

    - Comprehensive Trade transaction(s) views

    • One stop trade services centre, consolidating detailed information regarding various trade facilities held by you with the bank. Ranging from
    1. Limit utilization reports, Outstanding reports & Status reports for Letter of Credit/ Bank Guarantee/ Domestic and Foreign Bills/ Forward Contracts
    2. Inland and Foreign Packing credit limits availability/ utilization reports
    3. Remittance details reports

    - Integrated Supply chain solutions

    • Manage workflows and financial services to gain control over the purchasing and settlement processes
    • Complete Electronic management of supply chain trade data, convenience in upload of large data files to create purchase orders
    • Automatic identification and isolation of duplicate invoices
    • Efficient utilization of administrative resources / tasks
    • Cash management integration enabling payment, reconciliation and reporting
    • Archiving options through document imaging & storage

    State of the Art Security

    • Utilizes future ready grade of SSL (1024 Bit) encryption to ensure data integrity
    • Deployment of a new security suite called SEC++, designed by IIT Chennai to offer an innovative, secure and cost effective solution to generate dynamic passwords
    • Seamless integration with workflow
    • Customizable setup allows capture entire relationship at an individual or at a group level
    • Designed with a the 4 stages of payment workflow to mirror the current corporate setup- ‘Initiation’, ‘Review’, ‘Authorise’ and ‘Release’.
    • Works on the Maker/ Checker principle separating payment initiation activity from payment authorization activity
    • Support for ERP integration

    Value added features

    • Support for customizing the views on all MIS
    • Upload and download of statements and reports in a wide variety of formats
    • E-mail and SMS alerts triggered and sent to the relevant users during events in a transaction life cycle

    Indus Online will prove to be a critical tool in expanding your business volumes and giving you greater control over your banking and trade facilities.

    Payable At Par Cheques with Your Account

    As an Indus Edge customer, you can get unlimited free access to Payable At Par cheques that are treated as ‘local clearing’ cheques across all our branch locations. The Payable At Par cheques allow you the freedom of making payments at over 155 IndusInd locations.

    Demand Drafts

    In case you decide to use our extended reach to make a payment, enjoy the payment reach benefit at more than 1000 locations including our partner banks. Save the money and effort that goes into the managing and maintaining of multiple accounts with various banks to meet your payment location requirements.

    Power of Electronic Banking

    Experience the power of express fund transfer through Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). As an Indus Prestige customer, RTGS and NEFT services are available to you free of cost, to enable fund transfer to specified branches of banks. Get in touch with your nearest IndusInd Bank branch to facilitate request for NEFT and RTGS.

    Cash Withdrawal at Non-Home Locations

    Indus Edge allows real access to your own money; withdraw cash anywhere in India at the nearest IndusInd Bank branch.


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