| Cash Management Services
Objective:
To support a robust Corporate credit quality through good profitability, manageable financial leverage and adequate access to liquidity via domestic banking relationships.
- Unified solution to corporate cash management needs.
- Maximum coverage and coordinated deliveries.
- Relationship Banking.
Special Features
- Exclusive CMP Cells at 33 Collection Centers.
- Guaranteed Credit facility.
- Pick up arrangement from client location.
- HUB and Spoke architecture enables centralise support for tracking and reconciliation.
- 2400 CBS Branches which can be added to the CMS ambit for collection and pooling of funds as per requirement.
- Fully secured STP process for efficiency and accuracy.
- Host to Host integration for data capture and uploads.
CMS Products
Various CMS products are offered to the corporate customers for efficient management of cash in a business to put cash to work more productively and to keep the cash in applications that may produce income.
| Payment |
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| Our services are focused to provide a unified payment solution to facilitate through various methods for inter bank, intra bank, and domestic payments to meet cash management needs of corporate customers. |
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| Dividend Warrant/ Interest Warrant |
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| To facilitate payment of Corporate dividend/interest to its shareholders/depositors at frequent intervals/specified intervals as may be decided by AGM of the Company. Dividend/Interest can be paid by Paper/Electronic instruments. Dividend can be paid through ECS/RTGS/NEFT/DD-CBS, DD-Non CBS/DW/IFT-CBS/IFT-Non CBS. |
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| Demand Draft Payment |
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| Demand draft being a pre-paid Negotiable Instrument, wherein the drawee bank undertakes to make Payment in full when the instrument is presented by the payee for payment. In order to obtain payment, the payee may either present the instrument directly to the branch concerned or have it collected by his /her bank through the clearing mechanism |
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| Internal Fund Transfer Debit/Credit |
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| This is an electronic product and can be used in case Customer and beneficiary both have accounts in Allahabad Bank. In IFT Electronic message will be passed to the core banking application online. For IFT-Non CBS a credit advice will be generated branch wise. |
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| NEFT |
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| Seamless transfer of funds from one branch to another without delays or procedural hassles. This product is ideal for bulk NEFT facility requirements for Corporate customers. |
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| RTGS |
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| Transfer of money under this product is available on a "real time" and on "gross" basis. This is the fastest possible money transfer system through the banking channel. Transactions are not subjected to any waiting period and are settled as soon as they are processed. |
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| NECS Debit/Credit |
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| This is a facility for payments and credits whereby the institutions have to make large number of payments (such as interest/dividend) similarly debit demand can be raised for recovery of periodic payments due from individuals. This is an ideal product for transactions like periodic (monthly/ quarterly/ half-yearly/ yearly) payments of interest/salary/pension/ commission/ dividend/ refund by companies. Transactions to move from a single user source to a large number of destination account holders can be managed through this service. |
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| Collection |
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| Local, outstation, special clearing requirements are taken care of through a bundle of services customized for Corporate customers liquidity management. |
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| Upcountry/ Outstation Cheque Collection |
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| Upcountry cheques are collected through participation in the speed clearing managed by RBI at all MICR centers (Available at 100 MICR centers under RBI jurisdiction.) for all cheques drawn on CBS Bank Branches. |
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| Clear Fund |
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| The above service is available on clear fund basis where the funds are parted with as and when the realization is received. |
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| Gauranteed Credit |
| Under this arrangement funds are available against cheques sent for collection on a guaranteed day as per agreement against uncleared instruments. |
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| Local Cheque Collection |
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| This is an ultimate facility for cheques drawn on the locations where the processing of instruments and its liquidation is managed at the location itself. This product collapses time and eliminates traveling time of cheques. |
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| House Cheque Collection |
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| This is a product available specially for Corporate customers where the house cheques are directly liquidated after due verification of the drawer’s account details subject to availability of clear funds in all CBS branches. |
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| Post Dated Cheque Collection |
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| The post dated cheques deposited in the Banks by customers against loan installments, and corporate clients who have collected cheques in advance from their customers can be managed through CMS. It has an auto-generation mechanism that helps in capturing huge volumes of data which otherwise could be time consuming. |
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| Direct Clearing |
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| For collection of cheques drawn on locations where the Branches belong to other Banks this product has been designed to take care of such instruments and provide maximum coverage and service through a single relationship. |
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Liquidity Management
This service is available soon to leverage the art of managing the organisation’s most valuable asset, cash. Liquidity management & tools & techniques help in maximizing returns on proper investments and minimize expenses on fund borrowing. Liquidity Management ensures availability of funds or assurance that funds would be available as and when required. Thus, it provides a robust control and management of the customer’s funds to increase its flow and reduce transaction costs, thereby boosting earnings.
The two products available under this module are SWEEP and POOLING. Under SWEEP product funds can be moved from multiple contributing accounts to a concentration accounts with sweep back facility. The sweep can also be set to maintain a thresh hold balance in fixed amount, multiple or percentage wise. POOLING provides notional pooling of balances and advises the state of liquidity in the system.
Electronic Invoice Presentment and Payment
Electronic Presentment and Payment (EPP), an internet based system, speeds the Account Receivable process by getting invoices to your customers faster and by enabling them to make Payments and resolve disputes electronically. EPP can also strengthen the competitive position in the marketplace by building closer relationships with customers and delivering “interactive” statement inserts electronically.
Contact: ho.cms@allahabadbank.in |
