|
| HDFC bank launches e-payment for religious institutions |
| Komal Amit Gera / New Delhi/ Chandigarh Feb 08, 2010, 00:31 IST |
|
HDFC Bank has rolled out its electronic payment gateway for the Golden Temple, Amritsar.
Talking to Business Standard, HDFC Bank Country Head (Operations) A Rajan said this would also facilitate the donors across the world to make online donations for 37 religious institutions across the country.
He apprised that the bank maintained 130 accounts of institutions of various religions and had signed agreements with 37 institutions for making online payments through the portal of the bank.
Considering it to be a philanthropic initiative of the bank, Rajan said, “We would facilitate 1.5 crore customers of the bank through this technology and even those who donot maintain account with the bank can make donations through credit card.”
He added that there was no restriction of the minimum and maximum amount of donation.
Acknowledging it to be a win-win situation for customers and the bank, he said that HDFC Bank would be able to mobilise additional funds and customers would get a hassle-free and transparent means of donation.
He said that some religious units were not allowed to maintain account with non-government banks, so the bank with the help of Real Time Gross Sharing (RTGS) transferred funds into their account.
He said it would help the non-resident Indians (NRIs) in a big way to make their donations. The bank, according to him, had incorporated the religious institutions of various faiths, keeping in line with the ethnic and religious diversity of India.
|
|
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
