From: Vikrant Thakur
Date: 20 August 2009 10:52:48 AM GMT+05:30
To: “‘Sukrit Bharati”,”Sudheer”
Subject: BITS Pilani RE: Update
Dear Sukrit/Sudheer,
I can appreciate the concern, let me try to answer point wise :
1. Some bank wd need to install the EDC machines, Pilani as such does
not have a potential for cards business. The existing banks are not in the
business of installing EDC m/c’s. which ICICI does.
2. The best possible solution which I am trying to workout is of
Internet
enabled Bank accounts from which all payments could be made to BITS
online.
Students wd need to log into BITS site with their ID/password, check
dues against their names and there itself click to pay online. This wd
redirect them to ICICI Bank netbanking portal wherein they cd affect the
payment from their accounts which wd have been funded by their parents from
anywhere in the country. BITS records wd get updated from the confrimation from our
server and BITS cd then generate required MIS. The accounts wd come with
other features like Debit Card, phone banking, sms alerts etc.
Online Semester & Bill Payments in itself is a major part of this
work
and the convenience online banking wd offer to students wd over a
period of
time appreciate the advantages. They cd also make their mobile bill and
other subscription payments online.
3. The requirement of a nominal min balance is to ensure that accounts
are
used and not just opened and left, as each account opened in system
has a
recurring cost involved. We can relook at the minimum balance required
amount.
Please feel assured that, we will not close any possibility for
permanent
and our current offering is purely based on current product
availability and
market situation. We would definitely keep sharing with BITS all
developments that may happen in our product line which cd be of
benefit to Students of Pilani.
Warm Regards
Vikrant
National Manager
Institutional Banking
ICICI.
