IndusInd Bank launches doorstep banking facilities and sale of gold

Gangtok, May 22 (UNI) IndusInd Bank launched its 'door step' banking facility and sale of gold coins today from its branch in Gangtok.

"For the first time in the country, we are launching our door step banking facility from Gangtok", said IndusInd Bank Executive vice-president Suresh Pai.

Sikkim Governor V Rama Rao, who inaugurated the door-step facility and sale of gold coins, said that banks were coming to set up their business in Sikkim. He appealed the banks to inculcate saving habit among the people and to provide local employment generation schemes.

Claiming the door-step banking facility as a milestone in delivery services, Mr Pai said the facility comes following the directions of RBI to provide banking facilities to general public.

"This facility will allow our customers to do business transactions from their homes or offices'', he said.

The cash pick up facility of IndusInd Bank is available to all its customers, who maintain an average quarterly balance of Rs.10,000 with the Bank. One special delivery van with the usual security cover has been utilized for the door step bank facility in Gangtok area.

Mr Pai said that Sikkim was chosen as a launching venue because the IndusInd Bank was expanding in the Northeast region. Similar facilities will be launched soon in the targeted areas of Northeast and rest of the country soon, he said.

The sale of premium 'Suvarna Mudra' range of gold coins by the Bank is also a first in the state. Subject to daily changes in rates, the gold coins are offered as a 50 grams gold biscuit, 5 and 10 grams gold coins. Gold coins are good investment, Mr.Pai said.

Since launching busienss in Sikkim in 2005, the Bank made some Rs.75 crore busienss so far. He asaid the strength of the bank was in financing vehicle purchase.

IndusInd Bank has a network of 170 branches and 99 off site ATMs spread over the country.

UNI