IndusInd Bank launches Digital Banking Units to commemorate

75th Year of Independence

· Two Digital Banking Units (DBUs) have been launched, one each in Punjab and Tamil Nadu

· DBUs offer various banking services through dedicated Digital Experience zones

· The DBUs has been launched in line with the recent advisory released by RBI

India, August 23, 2022: IndusInd Bank has launched two Digital Banking Units (DBUs) at Jalandhar (Punjab), and Chengalpattu (Tamil Nadu) to commemorate the 75th Year of India’s Independence. This announcement is in line with the recent Digital Banking Unit advisory, to accelerate and widen the reach of digital banking services in the country.

The DBUs will offer a gamut of Digital, Do It Yourself (DIY) journeys. This includes the instant opening of Savings & Current Accounts, Term Deposits, instant processing of Personal and Business loans, KYC updates, DIY Credit Card journeys, internet banking, and account statement generation. Customers will also be able to deposit and withdraw cash through a Cash Recycler. To assist the customers in their DIY journeys, banking experts will be available during standard banking hours. These experts will also guide, support, and educate the customers. Certain services like cash withdrawal/ deposit and internet banking will also be available 24×7 for the convenience of customers.

Commenting on the development, Mr. Soumitra Sen, Head – Consumer Bank, IndusInd Bank said, ‘’We are delighted to inaugurate Digital Banking Units in Jalandhar (Punjab) and Chengalpattu (Tamil Nadu), two promising markets for the Bank. The mandate is in line with the Bank’s endeavour to promote the adoption of digital banking services throughout the length and breadth of the country for better efficiency and turnaround. As we expand into deeper geographies to serve the local populace, we look forward to bringing a whole new world of digital banking convenience and flexibility to our customers.”

On the overall digital commitment of the Bank, Ms. Charu S. Mathur, Head – Digital Banking & Strategy (Existing Business), IndusInd Bank added, “We are committed towards increasing digital banking adoption. With the Bank’s Digital 2.0 strategy, our digital-only offerings across various lines of businesses have seen significant growth and traction and we are happy to extend our full stack digital capabilities in Digital Banking Units (DBUs) to drive customer awareness and adoption.”