Overview of IndusInd Bank Integration with Marg ERP Software

Process to Integrate IndusInd Bank with Marg ERP Software

Overview of IndusInd Bank Integration with Marg ERP Software

In Marg ERP Software, IndusInd Bank's integration enables seamless connected banking with an integrated banking and accounting ecosystem. It helps businesses manage transactions efficiently, automate financial processes, reduce manual work, improve accuracy, save time, and maintain smooth synchronization between banking activities and accounting operations.

Process to Integrate IndusInd Bank with Marg ERP Software

• Go to Digital > Registration > Connected Banking.

• The user will select 'IndusInd Bank' from the dropdown.

• The user will click on 'Go Button'.

The user will enter details as follows:

a. Contact Person: The user will enter contact person name.

b. Regd E-mail: The user will enter the registered email.

c. Regd Mobile: The user will enter the registered mobile number.

• The user will click on 'Authenticate' button.

• An 'Authentication Required' window will appear.
• In 'Send OTP to' option, the user will select the mode in which otp needs to be sent.
• Suppose select 'Both'.

• The user will click on 'Send' button.

• An 'OTP has been sent' notification will appear.
• Click on 'Ok'.

• The user will enter the OTP which is received on registered email or mobile number.
• Click on 'Verify'.

• The user will click on 'Save & Register' button.

• An 'IndusInd Bank' window will appear.
• If the user has entered the bank account number in the ledger, it will be automatically picked; otherwise, they need to manually enter the bank account number.

• Then, the user will mention the Customer ID, Maker, Checker, and then click on 'Save'.

• The user will enter the user id, password, captcha, and click on 'Login' button.

• Click on 'Payment & Account Services Go to Application'.

• Go to Administration > Fintech > User Authorisation

• Click on Authorise to Accept and Reject to Refuse. Once the user is authorised for FinTech, the user will appear here.

• The user will enter transaction password, and otp received on mobile number.
• Click on 'Submit'.

• Click on 'Registration status' button.

• Once the request is approved by the bank, the registration status button will be automatically hidden.

After following the above steps, the user can view that IndusInd Bank will be integrated with Marg ERP Software.