Exploring new destinations to discover new cultures and experiences has become a popular way to press pause on a busy lifestyle and hit the refresh button for most millennials. Being the high-functioning, multi-tasking, aspirational go-getter that you are, you wouldn’t want to be slowed down by long queues, always counting cash or carrying multiple cards, let alone having to pay more than you should for something. That’s why you need a better and modern way of managing money while travelling abroad.

Here’s why the IndusForex card can be the best travel partner for new-age travellers like you.

You are a go-getter

There is so much you want to see and do when you travel to a different country. You want to fit as many activities as you can in your itinerary and looking for ATMs or currency exchange booths isn’t one. This is where your IndusForex card can come to rescue. Its ‘tap and pay’ feature allows you to make hassle-free vendor payments at zero extra charges in almost any country across the globe.

You are unstoppable

There is no limit to where your spontaneity can take you and sometimes that means spending more than you plan to. But why should that stop you from executing a sudden plan or chasing the next adventure? If you don’t want the lack of funds to be a reason for unachieved travel goals, the InstaReload feature allows you to reload funds of up to Rs. 49,000 on your IndusInd Multi Currency Forex card at any time and within minutes.

You want convenience

You live in the age of convenience, and everything you do is to reduce effort and increase comfort. Particularly when you are travelling, you try to avoid anything that could make your experience cumbersome and inconvenient. One of the reasons why the IndusInd Forex card is perfect for you is because it allows you to load up to 14 different currencies at fixed exchange rates on the same card. So, if you are travelling between countries, you don’t have to carry multiple cards or worry about handling large amounts of cash. Even before you set off for your trip, you can easily apply for a forex card online and have it delivered to your doorstep within 24 to 48 hours.

You are tech-savvy

You use technology in almost everything you do and love the ease it brings in your life. That’s why you would prefer the option of making secured online transactions with your IndusInd Multi Currency Forex card. You would also appreciate that from applying for the card to reloading it; you can manage it online from anywhere in the world. Additionally, every time you make a transaction, you get instant alerts via SMS or emails.

You are thrifty

You are diligent and wouldn’t want your hard-earned moneyto go to waste. That’s why you always look for great deals and offers – whetherit is while booking flights and hotels, or when shopping at your favouritestores. Apart from exclusive offers, the IndusForex card provides theadvantage of protection against currency fluctuations as the exchange rate isfixed at the time of loading the card. It also allows you to make two freewithdrawals per currency in a month from an ATM while abroad. And if you haveany balance in the card on return, you can encash it after the completion of afew basic formalities.

Just like you, the IndusInd Multi Currency Forex card stays ahead of the curve to bring you the best-in-class services. So, the next time you are venturing outside the country, make sure you opt for a suitable forex card that enables a smooth and hassle-free banking experience.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

We are fast moving towards a truly digital era, especially when itcomes to making everyday payments. Given the importance of a smooth dailycommute to and from work, it only makes sense to have a convenient paymentoption at your disposal.

Initiated by the Government of India in 2014, FASTag is now a mandatory requirement for all vehicles using toll plazas to pay quickly and conveniently. 

What is FASTag?

FASTag is a Radio-frequency ID (RFID)-powered prepaid rechargeable tag affixed on the windshield of a vehicle. Developed by the National Payments Corporation of India (NPCI) and Indian Highways Management Company Ltd. (IHMCL), FASTag allows for quick and contactless toll payments when a vehicle passes through an authorised toll lane. This means that when you use a toll plaza, you don’t have to stop and pay in cash. The FASTag-reading RFID technology will automatically detect your FASTag account and deduct the requisite fee from the linked bank account or prepaid wallet.

Currently, FASTags are being issued by 27 certified banks through various channels.

Is FASTag Mandatory in India?

The FASTag became mandatory on January 15, 2020.

In May, the Ministry of Road Transport and Highways issued a notification, which says that if a vehicle not fitted with a valid & active FASTag enters a FASTag lane, it will have to pay twice the fee applicable to its category.

How it Works

Acquiring, using, and maintaining a FASTag is a prettystraightforward process. You just need to have your vehicle’s registrationcertificate and your KYC documents available.

Millions of people across the country are already using it, and you can too, by following the steps below.

Getting a FastTag

You can get a FASTag at four places – at select toll booths, on your bank’s website (like fast2ag.indusind.com) or branch, on the “MyFASTag” app or an e-commerce platform like Amazon. Purchasing a FASTag at the former two will mean that it will be bank neutral, and you will have to use a prepaid wallet associated with your FASTag account. However, when you apply for a FASTag at a bank like IndusInd Bank, the FASTag can be connected directly with your account.

Using a FASTag

All you have to do is paste the FASTag on your windshield, face down. When you next use a NETC FASTag enabled tollbooth, a scanner will use RFID to scan your FASTag automatically. The amount will be deducted from your wallet/account directly, and you will receive a message from your bank regarding this transaction.

Maintaining a FASTag

Much like any other recharge, you will have to top up your FASTag regularly. If your FASTag is already connected to your bank account, you can use the bank’s e-Portal to top up. Banks like IndusInd Bank make it convenient and quick. If you do not have a bank account associated with your FASTag, you can use your FASTag provider’s website, the MyFASTag app, or a physical toll booth to top up your account.

What are the Benefits of FASTag?

Using a FASTag indeed makes life much easier for everyone on the road. There are several benefits associated with it, which make your travel faster, convenient, and straightforward.

Tracking Expenditure

One of the biggest hassles associated with physical receipts of your toll expenses is keeping track of them. If you use FASTag for highway toll payments, this is not a problem anymore. At IndusInd Bank, you receive text messages for every transaction with a FASTag and all your FASTag transaction details can be accessed anytime through the customer portal: fastag.indusind.com .

Cashless Payments

At a toll booth and don’t have the exact change? With FASTag, that will not be a problem anymore. The scanner will deduct your payments automatically, so you don’t have to worry about carrying exact change. Also, banks like the IndusInd Bank allow you to top up your balance digitally & instantly, making payments easier than ever.

Save Time and Money

No commuter wants to waste time waiting in long toll plaza lines. With FASTag, you can pay much faster, which saves you and the others’ time.

Get an IndusInd FASTag Today

For hassle-free trips and commutes on nationalhighways, get IndusInd FASTag today. With IndusInd Bank’s Auto Top-Upfunctionality & a linked IndusInd Bank account, when your tag approaches alow balance, it automatically funds itself from your account without requiringyou to intervene.

The FASTag highway toll payment system at IndusInd Bank is designed to make your daily commute and other inter-city travel much easier. Apply for a FASTag at IndusInd Bank digitally and make your life easier with cashless payments.

Credit Cards have become a necessity rather than a luxury. Credit Cards can help you in managing your finances, provided you use them in the right way. The one-size-fits-all formula doesn’t apply for Credit Cards. Each Credit Card has its own set of perks and benefits, which makes it necessary to do thorough research. Starting from the credit limit, rewards to annual maintenance fee, there are a lot of points that you need to check before making the final decision. So, if you are planning to apply for a new Credit Card, here are some important points that you must check to avoid any financial woes in the future. Read on.

Type of Card

There are approximately 15 different types of Credit Cards available in India. The first step in choosing a Credit Card is to identify the type of Credit Card that you need depending on your financial requirements. While some Credit Cards provide cashback and reward points, others offer discounts. The type of card you can use depends completely on your financial objectives, income and credit score.  So, if you need to travel a lot, go for a travel Credit Card, which offers benefits such as travel insurance, global acceptance and profitable currency conversion rates.

Annual Percentage Rate

The thumb rule of Credit Card payments is to pay the full due amount every month. However, if for any reason you miss paying the bill on time interest may accrue on the pending amount. The interest rate is displayed as an annual percentage rate (APR), which can be a fixed or variable rate of interest. Opting for a fixed-rate card is beneficial as you will know the amount of interest that you will need to pay if don’t pay the full due amount. So, if you carry a balance, make sure you take into account how the APR is calculated. It is advisable to avoid Credit Cards that compute the balance in two billing cycles as it will cost more.

Spending Habits

Another important point to consider when choosing a Credit Card is spending habits.  If you are planning to use the card for bulk purchases, choose a Credit Card that has a higher credit limit and low-interest rate. In addition, opt for a Credit Card that has a good Rewards Program so that you can earn some cashback or rewards for using the Credit Card.

The Annual Fee

Even if a Credit Card gives you a lot of benefits, you may end up spending a lot on the annual fee without knowing about it. Credit Cards that have an Annual fee also come with some attractive reward plans in return such as savings on dine-out or booking a movie ticket. These rewards may offset the Annual fee that you need to pay. It is advisable to opt for Credit Cards that don’t charge any kind of Annual fee.

Credit Limit

The Credit limit is the amount of money that the issuer of the card will allow you to borrow. The Credit limit is determined after checking your credit history. Depending on your credit history, the Credit limit may vary from a few thousands to lakhs. However, even if your card has a good credit limit, make sure you don’t max it out. Maxing out your Credit limit will not only harm your credit score but some Banks may also reduce your Credit limit to a lower amount. In addition, you will also have to pay a penalty for maxing out your Credit Card.

Balance Computation Method

Another important point to consider is the balance computation methods that apply to your Credit Card. The Card Issuer uses your average daily balance to find out the amount of interest that is due on your Credit Card payment. The average daily balance considers the balance owed at the end day during the billing period instead of calculating the same at the end of a week or month. Customers need to understand the method used by a Credit Card Issuer to calculate the interest. The reason is the method of calculation affects the amount of interest levied in the card account of the users.

Rewards

A benefit of using a Credit Card is the Rewards Program. The purchases that you make using a Credit Card help you earn reward points that can be used for several purposes such as retail purchases or booking a flight ticket. When applying for a Credit Card, choose something that helps you earn rewards when you use the card for certain purchases at retail outlets, grocery stores and online retailers. However, make sure you don’t overspend using the Credit Card to earn reward points.

Consequences of Picking the Wrong Card

Without proper research, you may end up selecting a wrong Credit Card, which may also harm your finances. The result- you not only end up overpaying but earn no benefits at all, benefits that are the USP of using a Credit Card. When you apply for a wrong Credit Card without proper research, you may end up spending more without earning any rewards. At times, you may end up choosing a Credit Card and earn reward points that you don’t plan to use. So, make sure you follow the points above, do thorough research before applying for a Credit Card. IndusInd Bank offers different kinds of Credit Cards that come with many benefits. If you are planning to apply for a Credit Card, check out the different options available at IndusInd Bank. To know more about the types of cards, benefits and all other details about our Credit Cards, click here.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Just when you thought that mobile banking is as good as it gets, IndusInd Bank launches another innovative service offering superior ease and convenience – IndusInd Bank Video Branch. This customer-centric initiative allows you to schedule a video conference call with the bank staff, instead of spending several minutes trying to reach an executive on a phone call. Read on to know more about these video banking services.

What is IndusInd Bank’s Video Branch?

Time is the currency of our times, a treasure we cannot afford to squander away. IndusInd Bank understands this well enough and offers video banking services to help you save time each day. The IndusInd Bank Video Branch service allows customers to schedule video calls with the branch and relationship managers or connect with the central Video Branch instantly. This means you can schedule your interactions with the bank at your convenience, using either your phone or laptop.

Part of IndusInd Bank’s Responsive Innovation set of offerings, this facility allows customers to conduct some transactions – NEFT, RTGS, FD booking – through a video chat with a contact centre executive or with the branch manager.

Here’s why it is time to switch to IndusInd Bank’s Video Branch services.

Easy to Use

Gone are the days when you had to plan your entire day around a trip to the bank. Through video banking, you can manage all your banking transactions and resolve your queries from the comfort of your home. The Video Branch service is available to all existing customers of IndusInd Bank. You can start a face-to-face interaction with a bank representative by simply downloading the Video Branch app from Google Play Store or Apple App Store or by logging onto IndusInd Bank’s website www.indusind.bank.in.

Available 24*7

IndusInd Bank’s Video Branch service is available 24*7, allowing you to interact face-to-face with a bank executive using your desktop, tablet or smart phone. The bank’s customers can perform all transactions they previously conducted at the bank branch from the comfort of their home using the Video Branch app.

Versatile Banking Solutions

The Video Branch service allows you to conduct a number of activities with ease. Even if you have a simple query, you can use the app todirectly talk to the bank staff. Video banking can take care of several issues without requiring you to step into a bank branch.

Following is the complete list of IndusInd Bank’s video banking services –

• Aadhar card updation
• Cheque/card stop payment
• Disputes – ATM and POS
• IndusMobile registration, unlocking, and PIN reset
• Loyalty point redemption and queries
• Doorstep banking request
• OTP and VBV request
• Fund transfer
• Recurring deposits
• Demand Drafts
• Credit card bill payments
• Gold Loan part payment
• Personal Loan closure
• Schedule a call with your respective RM/BM
• Adhoc Statement vide Email/Post
• Debit Card activation
• Demat Holding statement
• Loan account information
• Re-issue of ATM/Debit card and its PIN to correspondence address
• Registration and activation of E-statements, Mobile Banking, and Internet Banking
• Request on duplicate internet banking passwords
• Request for Fixed Deposit email advice in duplicate
• Unlocking of IndusNet account
• Updating contact numbers and email ID
• Complaints and suggestions
• Request for Fixed Deposit
• Fixed Deposit pre-closure
• Re-KYC updation
• OD payment
• Sweep-out and Sweep-in facility
• PAN updation request

IndusInd Bank has always endeavoured to offer easy, convenient, and innovative services that make for a seamless banking experience. With the Video Branch service, we aim to embrace the future of banking – digitization. Get in touch with us today to learn more about our video banking services.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.