5 Collections
Several corporates, such as retail stores, have a huge inflow of physical cash/cheques on a daily basis. This has to be deposited in the corporateās bank account(s) on a regular basis. The corporate can either arrange for the cash/cheques to be deposited at a branch or opt for the pick-up service, where a bank representative collects the cash/cheques and makes the deposit on behalf of the corporate.
The Collections services offered by the bank enable the corporate user to enter the details of the cash/cheque being deposited
Pre-Requisites:
- Transaction access is provided to the corporate user.
- Cash Deposit
- Cheques
- Cash Withdrawal
- View Pickup/Delivery
This option enables the corporate user to view all pickup and delivery points of the logged-in corporate party. - Netting