IndusInd Bank to facilitate digital transactions on e-NAM

IndusInd Bank has been empaneled by the SFAC to facilitate digital collection and settlement services on e-NAM portal.  

Under this arrangement, the bank will offer an array of transaction services through digital modes including multi-net banking , debit card, NEFT, RTGS, IMPS and UPI to the buyer and seller. As of January 2022, there are over 1.7 crore farmers and more than 1.8 lakh traders who are registered on eNAM and have benefitted from the digital marketplace.