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All posts by ANAND BHIDE

IndusForex: The perfect travel partner for every kind of traveller

Be it a business trip or a vacationabroad, travelling tends to bring with it a sense of excitement mixed withanticipation. And the best way to fill it with good vibes and memories is bybeing prepared. 

IndusForex cards come with several exciting features that help to make transactions while abroad an effortless experience and your trip, a joyful one. Enjoy the freedom that comes with using a forex card and reload it from anywhere, anytime. You could be travelling to study abroad, for a business trip or a solo trip, IndusForex ensures you are provided with a cashless experience on the go. 

The Keen Learner

If you happen to be a studentstudying abroad, you might have considered financing for your stay, commute,and accommodation. But a significant part of your student life also involvesroad trips with friends to discover the cultural richness of Europe or signingup for exchange programs.

Having a forex card comes in handy during such times. The InstaReload option of IndusInd Bank’s Multi-currency Travel Card has the following features:

  1. Recharge your card up toINR 49,000 and have it credited under 60 minutes.
  2. Recharge larger amounts atyour convenience as the transfer takes place within five working hours.
  3. Get money transferred intoyour bank account through SWIFT or wire transfer. You can directly add moneyinto the Forex Card via net banking.
  4. Two InstaReloadtransactions can be done within a span of 30 days.

The Travel Enthusiast

Now if you’re an independenttraveller and have planned a trip through several cities in multiple countriesof the world, the very thought of multi-currency transactions can boggle yourmind. But not if you have an efficient forex card handy!

Here are a few ways IndusInd Bank’s Multi-currency Travel Card allows you to combat any situation when you’re travelling solo.

  1. It provides smooth cashless transactions where you can easily switch between the Swiss Franc to the Britain Pound or  Euro if reloaded previously. You can refill up to 14 currencies at a time. 
  2. Pay from other currency wallets using the card if your local currency wallet is low on funds. 
  3. Shop to your heart’s content with the help of secure cashless transactions.
  4. Get a paired card kit where you can use the spare card in case your original forex card gets lost or damaged.
  5. Withdraw money in the local currency from ATMs to avoid the hassle of exchanging or purchase currency.

The Business Traveller

If your work keeps you in shuttling between timezones, you will find IndusInd Bank’s Multi-currency Travel Card the most convenient mode of carrying currency. You can keep your transactions quick and easy in the following ways.

  1. Engage in a cashlessexperience abroad by carrying multiple foreign currencies in a single travelcard. Enjoy the benefit of transacting in up to 14 currencies.
  2. In case of high-valuetransactions, instead of using your international debit/credit cards with ahigher FX rate, you can transfer through our online portal directly to yourForex card. This way you’ll have a seamless transfer within a few hours on abusiness day, at an exchange rate 5-10% lesser than your credit card.
  3. No need to worry aboutlosing money due to the fluctuating exchange rates. You can lock in theexchange rate and avoid paying for additional conversion charges every time anew currency is added.

The Senior Citizen

If you’re a senior citizen whotravels quite often, either to visit your children abroad or just to fulfilyour dreams of travelling the world, IndusForex is here to assist you and takecare of your transactions.

  1.  IndusInd Bank’s Multi-currency Travel Card provides you with a cashless experience which is hassle-free and convenient. Your funds are secure with us and your IndusForex card is secured with a Pin Number known only to you.
  2. You’ll be regularly notified with transaction alerts through SMS or email. This helps you stay updated with your balance and track your spending in real-time. This also allows you to plan and reload your funds well in advance.
  3. Through the Wire Transfer or SWIFT, you can have a family member assist you in transferring money, in case of insufficient funds. Transfers will be done within 24 hours on a business day.
  4. The remaining funds in the card can be refunded into your bank account. Based on your convenience, the refund will be processed through cash/account transfer or pay order after completing the refund documentation.

Final Words

IndusInd Bank’s Multi-currency Travel Card is a complete package with the essential features for every type of traveller. Engage in a stress-free and smooth travel experience with IndusInd Bank’s first-class forex 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.

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4 Ways IndusForex makes the perfect addon for your European holiday

Eating authentic Neapolitan pizza in Naples. Admiring the Mona Lisa in the Louvre Museum in Paris. Riding the London Eye in London. Climbing Mount Olympus in Greece. Visiting the Anne Frank Museum in Amsterdam. These are some of the beautiful, once-in-a-lifetime experiences you can look forward to during a trip to Europe.

With all your travel essentials tucked away in your suitcase, there’s one more thing you shouldn’t forget to take with you on your travel adventures – the Indus Forex Multi-Currency Card. Its quick, hassle-free transactions ensure that you have a beautiful experience and don’t face any inconveniences when travelling.

Here’s how the Indus Forex Multi-Currency Card makes the perfect addon for your European holiday.

Travelling to multiple countries

A European holiday rarely involves just only one country, after all, there’s so much beauty, history and architecture to marvel at. From England to France and from Austria to Greece, the wonders and experiences are different but well, so are the currencies! With IndusInd Bank’s Multi-currency Travel Card, however, you don’t have to worry about multi-currency transactions and exchange rates. 

It facilitates smooth cashless transactions in 14 currencies, so whether it’s the Swiss Franc, the British Pound or the Euro, you’re good to go. You can easily switch between these currencies. So if you want to spontaneously take a train to another country in Europe, the IndusInd Multi-currency Card has got you covered. 

Making online payments for sight-seeing

When in Europe, there are numerous stunning museums, art galleries and other tourist spots that are a must-visit. Whether it’s the Vatican Museums, which include the Sistine Chapel, in Italy or the Louvre Museum in France, these landmarks attract thousands of tourists every day. This means hours upon hours spent standing in long queues for tickets. You can skip all that hassle and pre-book the tickets online using your forex card. 

Such quick, convenient and easy transactions will save you time, allowing you to fit more fun adventures in your day. In addition to saving you time, it will also help you keep track of your spending since each time you make a payment using the IndusInd Forex card, you’ll receive a confirmation message. 

Shopping in local markets and boutiques

One way to capture your travel adventures is by clicking pictures, and another is by shopping! Bringing a piece of the country you travelled to back home through souvenirs, clothes, chocolates, and more is a rite of passage for every traveller. No matter the budget you set for shopping before your trip, you may be tempted to exceed it when you see the perfect watch in Zürich or catch a whiff of the most amazing perfumes in Paris. 

You don’t have to leave any of those things that your heart is set on behind due to shortage of funds. With the InstaReload feature, you can reload your Indus Forex Multi-Currency Card with whichever currency you need within a few minutes. And the best part? Since it’s a prepaid card, it locks in the exchange rate, which means that you don’t have to worry about the fluctuating exchange rates or paying more later on. 

Indulging in unique experiences

One of the basic purposes of travel is to experience new things that enrich your life while making lasting memories. So, whether it’s wine tasting in Bordeaux or a night-time Gondola ride in Venice, you should say yes to it all.  

For a lot of these experiences, you may need to pay in cash, and with your IndusInd Forex card, quick access to cash in the local currency is always guaranteed. You can withdraw money in the local currency from any of the ATMs and avoid the hassle of exchanging or purchasing the currency. 

Whether inspired by Hollywood classics like the Roman Holiday or Bollywood favourites like DDLJ, a Euro trip makes it into every travel enthusiast’s bucket list. When that’s finally becoming your reality, make the experience stress-free and smooth by getting an Indus Forex Multi-Currency Card.

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.

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5 Compelling Reasons to Use IndusMobile – IndusInd Bank’s Mobile Banking App

Experience next generation PIN-less banking with Indus Mobile – the All-In-One banking app by IndusInd Bank. Indus Mobile allows you to conduct all transactions and manage your finances through a single app. Our mobile banking services bring you the next frontier in quick, on-the-go banking with the availability of 100+ service requests related to your Debit Card, Credit Card, and Savings Account. Experience the convenience of Doorstep Banking, Cheque Book Requests, Demand Draft Request, Locker Booking, Block Card Request, Set/Reset Card PIN, Upgrade Card, and a lot more.

There are many reasons mobile banking services are gaining centre-stage, not least because of the superior banking experience they offer. Let’s take a look at some of the most compelling reasons.

All-In-One Store on IndusMobile App

  • A range of lifestyle transactions on Indus Mobile
  • A comprehensive bouquet of service providers on one single platform – Ola, Uber, Faasos, Nearby, and more. No longer do you need to install multiple apps to order food, book cabs, pay bills, and recharge your mobile, DTH and data card. Use a single app for everyday transactions
  • Cashback offers available on all transactions
  • Easy access to due bills and favourite transactions
  • Tracking of transaction history

Withdraw Money without Debit Card

With the IndusInd Bank mobile banking app – Indus Mobile – you can take control of your daily finances. With the cash-on-mobile service on the IndusInd Bank mobile banking app, you can withdraw money from any IndusInd Bank ATM, even if you are not carrying an ATM Card! Not only this, you can also send money to the mobile number of a friend or family, who can then withdraw the amount from select IndusInd Bank ATMs.

24×7 Free Funds Transfer

A primary benefit of using mobile banking services is the round-the-clock availability of transactions and related services. With Indus Mobile, you can send money using the best-in-class payment options like fund transfer, UPI, scan and pay, QuickPay, etc. IndusInd Bank mobile banking allows you to transfer money instantly, even on holidays!

Rewards and Cash backs

Mobile banking services come with a world of exclusive privileges and rewards. IndusInd Bank offers its customers unique rewards and cashbacks on all transactions. Apart from getting access to all major cab operators and food delivery services on one single app, you also get exclusive cashbacks on your trips and orders.

Safety

Mobile bankingis a completely secure way to bank, with various security protocols andmeasures in place to provide you with a safe and secure banking experience.

If you’re still hooked to net banking for managing your finances, it’s time to make a move to an on-the-go experience with IndusInd Bank mobile banking. Contact us today for more information!

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How to Get a Car Loan in India: A Guide

Looking to purchase a new car that has just hit the market? With a car loan, buying your dream vehicle is within your reach. Here is all you need to know about getting a car loan in India.

Basic Covenants to be Aware Of

Before you get started,here are some car loan basics you should know –

  • You can opt for a car loan from one of the many financial institutions in India, public and private. However, the car loan interest rate, repayment schedule, and tenure will vary. Once you undertake a loan,you will have to pay either fixed or variable Equated Monthly Installments (EMI)to the lender

  • Most lenders offer car loans for both new and pre-owned cars, with varying car loan interest rates
  • When you buy a car using a loan, your car is hypothecated to the lender. In the case of car loans, your car is essentially the collateral.

Budget

Prepare a budget that accurately represents all costs associated with your loan. Most car loans have a tenure of 3-5 years. While estimating your budget for taking a car loan, take into account processing fees during the disbursement of loan and foreclosure charges if there is a possibility of you needing to close the loan earlier. Also, remember that loans finance roughly 80-100% on the ex-showroom price of a new car – you might have to pay the remaining amount like the insurance amount, RTO charges, registration fees, additional margin money etc.. At IndusInd Bank, we finance up to 100% on the ex-showroom price of the vehicle. This quantum varies for different car models and also depends on the borrower’s profile.

Shortlist Model

The lending rates, repayment tenures, and quantum of finance will vary for different car brands and models. While choosing a car model, keep in mind these factors. Check the loan details for a list of cars financed by your lender to avail of a profitable deal. At IndusInd Bank, we offer car loans for a wide range of new and used car models and have tie-ups with various car dealers across the country.

Check Eligibility

Your car loan eligibility  will vary across lenders, based on your profile and income. Some primary factors that affect car loan eligibility are age, salary, employment type, and residence area. You can check your eligibility for an IndusInd Bank car loan here.

Choose a Lender

To get a car loanthat best suits your needs, compare features like repayment tenure, lender tie-ups,interest rates, and other charges levied by various lenders before zeroing inon one.

At IndusInd Bank, we offer flexible repayment tenures and attractive interest rates for car loans on a wide range of car models. We also have tie-ups with an extensive network of manufacturers and authorised dealers. Our expert sales team helps you find the best deal on your car loan.

Decide on Tenure and Amount

The amount you can borrow to finance your car depends on your age, income, and chosen car model. Usually, the loan covers only 80-100% of the ex-showroom price of your car. Car loans do not include registration and re-registration, maintenance, insurance, and road tax charges.The repayment tenure for a car loan depends on several factors like loan amount, the interest charged, and the annual income of the borrower.

Furnish Documents

Keep the following documents handy before approaching a lending institution for a car loan

  • Passport-sized photo
  • Proof of Identity (Passport, PAN Card, Voter ID card, orDriver’s license)
  • Proof of Residence (Passport, utility bills, Voter’s ID cards,etc.)
  • Proof of Income (IT returns with computation/Form 16 etc.)
  • Evidence of Business (in case of businesspersons)
  • Bank statements of the past 3-6 months

Book Your Car

Once you’ve done your research and selected a lender, it’s time to book your dream car. You can approach IndusInd Bank for a car loan through the following ways –

  • Call us at our 24-hour customer care number
  • Give us a missed call at
  • Walk into the nearest IndusInd Bank branch
  • Contact any of our Vehicle Finance Division offices orPersonal Products Division Offices

Moreover,you need not have an account with IndusInd Bank to get a car loan,though having one could mean enjoying several benefits when taking out a loan.Apply for a car loan online with IndusInd Bank today!

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