Immediate Payment Service – Indian Army Jawans – new converts

Majority of Indian Jawans are stationed away from their families, and on receipt of the monthly salary, the first task is to transfer the amount to their families.

Over the decades, various mechanisms have been evolved to ensure quick withdrawal of salary credits by the jawan family holders.

One such initiative was in September 2010, when the Salary credits to beneficiaries’ accounts were executed via NEFT mode. Thereafter the family members of the Jawans could withdraw the amounts through the Debit Cards held with them. Though this mechanism was quick and efficient, from a Jawans view point, it was not very comfortable, as there was no secrecy with respect to their bank financial transactions.

To overcome this lacuna, SBI along with NPCI recently conducted an IMPS awareness campaign.  The target audience was 400 Jawans of 102 Battalion of RAF stationed at Taloja.

As you are aware, the major benefit of IMPS is the Immediate transfer of amount to the beneficiary accounts, 24*7, 365 days a year.  The other benefit from the Jawans angle is that they can contain to maintain the secrecy of their bank accounts.

This is beginning to spread the joy of Safe ePayments in the Defence fraternity.



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