INDIE For Business 1.0.7

IndusInd Bank introduces 'INDIE for Business—Better Business Banking', a platform aimed at streamlining banking operations for businesses through a fully digital interface. This initiative seeks to eliminate the need for physical bank visits by providing do-it-yourself banking solutions, allowing businesses to focus more effectively on growth without being encumbered by traditional banking processes.

What are the key features of INDIE for Business?

• Seamless Digital Onboarding: Users can access the platform via the INDIE for Business app and web portal without paperwork. Registration is swift, utilizing registered mobile numbers and two-factor authentication through Debit Card, Net-Banking, or Aadhaar.
• 360 Degree View: Managers can oversee all banking accounts, including current accounts, loans, and overdrafts, through a single login.
• No More Bank Visits: Users can view and download statements, repayment schedules, and manage other account details remotely.
• Smart Statements: Transactions are tracked with segregated credits and debits; filters can be customized to facilitate straightforward accounting.
• Quick Pay Feature: Payments up to Rs 50,000 can be made instantly without beneficiary registration.
• Flexibility to Pay: Payments can be directed from preferred accounts such as current accounts or overdrafts.
• Highest FD and RD Rates: Fixed deposits and recurring deposits can be opened instantly with competitive interest rates via the platform.
• Debit Card Management: Features include PIN reset, temporary/permanent card blocking/unblocking, and setting transaction limits for enhanced control.

Additional functionalities provided by INDIE for Business include:

• Exclusive Merchant Services: Transitioning from Indus Merchant Solutions grants access to digital settlement statements, dynamic QR codes for payments, payment links, UPI/QR activation, customer dues tracking through Khatabook, among others.
• Tax Payment Integration: The platform facilitates secure payments for GST, Income Tax, and other direct taxes through a simplified interface.
• DIY Sub User Management: Businesses can assign roles such as maker, collector, reviewer, or releaser to users for task delegation while maintaining comprehensive oversight.
• Enhanced Cheque Management: Capabilities include requesting cheque book issuance, tracking status, stopping cheques, and pre-approving cheques for clearance.
• Pre and Post Shipment Loan Management: Users can view summaries of loans related to shipments, monitor outstanding amounts, track expiry dates for repayment deadlines, and manage multiple loans centrally to streamline financial oversight.
• Positive Pay Verification: Cheque authenticity is confirmed through digital pre-approval prior to processing, reducing fraud risks.
• Bill Payments: Routine business and personal expenses such as electricity, DTH, cable TV, mutual funds, and subscriptions can be settled swiftly through the platform.
• Service Requests: Quick actions like viewing account statements, blocking/unblocking cards, resetting PINs, or stopping cheque payments are easily accessible.
• Enhanced Security with SIM Binding: Additional security measures ensure robust account protection.

The platform invites users to sign up now and experience the efficiencies of INDIE for Business across both mobile and web platforms.