IndusInd Bank launches EMI on debit cards to commemorate the festive season

by Business | 20-10-2021 | 389 views

  • Offers flexible repayment tenures ranging from 3 to 24 months

Mumbai: With the country gradually opening up, citizens have welcomed the festive season with open arms.  In a bid to add to the festive fervour, IndusInd Bank today, announced the launch of EMI (Equated Monthly Instalments) facility on Debit Cards to enable its customers to convert their high value transactions into easy instalments. A debit card holder of the Bank can walk into any participating store, and avail this facility by simply swiping/tapping their card at a merchant PoS terminal.

Speaking about the proposition, Ms. Charu Mathur, Chief Digital Officer & Head-Business Strategy, IndusInd Bank, said, “IndusInd Bank has always been at the forefront at driving customer convenience by introducing products that bring unparalled value to their banking experience. We are delighted to launch an EMI facility for our debit card holders that will enable them to purchase products of their choice from a wide array of categories, and also give them the flexibility of making payments in easy instalments over a period of time. With the festive period having dawned upon us, we are confident that such exciting propositions will add to the customer’s celebration, and propel their purchase decisions.

To begin with, IndusInd Bank has partnered with over 60,000 offline merchant outlets, including large format retailers, hypermarkets, multi-brand and stand-alone stores to facilitate purchases across categories like Consumer Durables, Electronics, Apparels, Automobiles, Home Décor, Hospitals and more. The Bank will soon be partnering with leading e-commerce platforms to enable online purchases as well.

Debit card holders of the Bank can avail this facility of buying products and then choose an EMI option with tenures from 3, 6, 9, 12, 18 and 24  months. Customers can even check their eligibility through SMS by typing MYOFR and sending it to 5676757.

To know more about the Debit Card EMI facility, please visit: https://www.indusind.com/in/en/personal/cards/emi-on-debit-card.html\

About IndusInd Bank

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on June 30, 2021, IndusInd Bank has Branches 2,015/ Banking Outlet and 2,870 ATMs spread across 760 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges - BSE and NSE - and major commodity exchanges in the country, including MCX, NCDEX and NMCE. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.

RATING

Domestic Rating:

  • CRISIL AA + for Infra Bonds program
  • CRISIL AA for Additional Tier I Bonds program
  • CRISIL A1+ for certificate of deposit program / short term FD programme
  • IND AA+ for Senior bonds program by India Ratings and Research
  • IND AA for Additional Tier I Bonds program by India Ratings and Research
  • IND A1+ for Short Term Debt Instruments by India Ratings and Research

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