IndusInd Bank launches IndusMobile–mobile banking service

IndusMobile will allow customers to bank anytime through their mobile phone

IndusInd Bank has launched an innovative mobile banking application called IndusMobile.

IndusMobile will allow the customers to bank anytime anywhere through their mobile phone. Customers can access information and transact at absolutely no cost charged by the Bank and at high level of safety. Customers will also be able to book movie tickets, pay their bills and even perform mobile to mobile funds transfer, NEFT and RBI's inter-bank mobile payment service (IMPS).

IndusInd Bank also allows its customers to initiate cardless cash withdrawal transactions through the mobile application; which means the beneficiary can withdraw cash from select IndusInd Bank ATMs without using an ATM/Debit Card.  

IndusMobile is a downloadable application which is installed on phone. Those who do not wish to download and install may use the SMS channel for using IndusMobile.

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ICICI Pru MF unveils three years fixed maturity plan

ICICI Pru MF new issue closes on 2nd September

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 57-3 Year Plan A, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the plan. The tenure of the scheme is three years.

The new issue closes on 2nd September. The minimum investment amount is Rs5,000.

CRISIL Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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BNP Paribas MF launches Fixed Term Fund-Series 22 D

BNP Paribas MF new issue closes on 7th September

BNP Paribas Mutual Fund has launched BNP Paribas Fixed Term Fund-Series 22 D, a close-ended income scheme.

The investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme. The tenure of the scheme is 369 days.

The new issue closes on 7th September. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Alok Singh is the fund manager.

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