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Wednesday, May 16, 2012

Canara Bank launches new payment facilities

Canara Bank launched technology products and facilities for easy and secure banking on Monday.

A press release from the bank said that the products and facilities would enable customers to avail themselves of the service from anywhere, anytime. Dr Thomas Mathew, Director, Canara Bank, and Joint Secretary (CM), Ministry of Finance, Government of India, launched the products and facilities.

Some of the facilities include Internet banking — bill payment; funds transfer by corporate account holder up to Rs 50 lakh per day; welcome kit – provision of Net banking login password; payment of fee to Indian Institute of Science (IISc), Bangalore; electricity bill payment by consumers of Bihar State Electricity Board; and release of booklet on technology products

On the cards segment, the bank launched facilities such as bill payment, electricity consumption bill payment by consumers of Bihar State Electricity Board, payment of fee to IISc Bangalore, bill payment through bill desk and sending e-statement of credit card.

On the ATM front, the bank introduced fund transfer using IMPS, payment of direct taxes, and activation of mobile banking.

For Government business, the bank launched a new pension system, Public Provident Fund 1968 Scheme – launching additionally in all its 3,177 branches.

Customers can avail themselves of these products and facilities from Monday, the release added.


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