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Cash Management Services

CASH MANAGEMENT SERVICES FOR CORPORATES

Cash Management is logistics of movement of money. Trade transactions result in movement of money across locations & across parties. This product is offered to any customer irrespective of the fact, customer enjoys credit facilities with the Bank for not. The Bank offers various CMS facilities with customized & enriched MIS reports for corporate keeping in mind value for money.

SALIENT FEATURES OF CASH MANAGEMENT SERVICES

·    Collection services (Auto Debit Mandate/ Standing Instructions, ECS & transfer through Bank’s own cheques) and pooling of funds. 

 

·     Multi-dimensional MIS reports.

 

·     Monthly charging statement

 

 

PRODUCTS BEING OFFERED

 

 

1.  Under Collections Services:

a. "SI" (Standing Instructions / Auto Debit Mandate) 

 

b. OBCNET (Instruments drawn on our own branches locally / outstation)

 

2. Under Payment Services (Disbursements):

a. Redemptions (A/c Transfers) 

 

 

BENEFITS TO THE CUSTOMERS  - COLLECTION

 

·     Efficient management of money.

·     Pooling of funds at a centralized location.

·     Reduced working capital requirement.

·     Interest savings.

·     Speedy collection / payment services

·     Reduced efforts for account reconciliation.

·     Customized MIS.

·     Reduces Liquidity risk.

 

BENEFITS TO THE CUSTOMERS  - PAYMENTS

 

·     Convenience of fund disbursement.

·     Cost savings.

·     Optimized human resource.

·     Online information regarding Instrument status.

·     Customized MIS.