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Why the IndusMobile Cash-on-Mobile Feature is Next-gen Banking
Posted on Wednesday, September 2nd, 2020 | By IndusInd Bank
Have you ever forgotten your wallet at homeand realised that you neither had cash nor your ATM card with you? Are theretimes when you’ve wanted to send money to someone without a bank account?IndusInd Bank’s Cash-on-Mobile facility takes care of all such problems byallowing for card-less withdrawals and transfers.
What is Cash-on-Mobile?
IndusInd Bank takes banking to the next level with its mobile banking application – IndusMobile. The mobile banking application’s Cash-on-Mobile feature is a card-less cash facility that allows for withdrawals at select IndusInd Bank ATMs, without the need for a debit card. This innovative feature allows you to withdraw and send money by just using the receiver’s mobile number. When Can I Use Cash-on-Mobile?
Given below are some scenarios in which IndusMobile Cash-on-Mobile works best:
- The receiver prefers cash
- The receiver needs cash instantly
- The receiver does not have a bank account
- The receiver’s bank details are not known
- The receiver is not within close proximity
Transferring money from your bank account to someone else’s is certainly convenient but there are still many who prefer receiving cash for their services. Or, there may be a case in which the receiver doesn’t have a bank account at all. In such a situation, you can use IndusMobile’s Cash-on-Mobile feature to send the receiver cash on their mobile.
How Can I Use Cash-on-Mobile?
Download the IndusMobile app and use your MPIN (mobile personal identification number) to request the card-less withdrawal facility. Following this, the bank will send you a temporary PIN. Once at the ATM, choose the cash-on-mobile option on the screen, enter your mobile number with the amount and the temporary PIN. Once all credentials match, the ATM will dispense cash. You may also use Cash-on-Mobile to send money to a third party.
Take another example: You’d like to sendmoney to your sibling in another city. Go to the mobile banking application andenter the receiver’s mobile number and desired amount. The bank will then sendthem a temporary PIN which they can use to withdraw cash at select IndusIndBank ATMs. The best part about this service is that the receiver need not evenbe an IndusInd Bank customer. In fact, they need not have a bank account atall!
How Do I Get Started?
To get started with Cash-on-Mobile, download IndusInd Bank’s mobile banking application – IndusMobile. The service is entirely free of cost. Apart from the ATM facilities, you also get balance enquiry, mini-statement, and can request for a cheque book. What is more, IndusMobile allows you to make intra-bank fund transfers, mobile-to-mobile fund transfer, mobile-to-account fund transfer, NEFT, and IMPS transactions.
With IndusMobile’s innovative Cash-on-Mobile feature, sending and receiving cash is easier than ever before. Get IndusMobile today and start enjoying the features of this powerful app.
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.
