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  Introduction to collection Products

i-Cash Collection Products

IDBI Bank offers collections through select locations of its own network. With a view to facilitating superior reach, the Bank also relies on its tie-up with identified correspondent banks.

With technology support and networked branches, advantage CMS are a plenty eg. quick visibility of funds, pooling of funds into one single account as well as collection of funds in customized accounts' structure, customised MIS reports, etc. The customer can efficiently deploy the pooled funds in order to maximize returns. CMS products support the customers in the objective of effectively controlling the receivables and payable as well.

We offer local as well as outstation cheque collections through various products, as described below :


IDBI Bank’s Collection Products are tailor-made to suit customer requirements
  • Local collections at over 345 IDBI locations and over 200 partner bank locations.
  • Partner bank network of over 4000 locations for fast outstation collections
  • Client level MIS customization
  • ERP compliant
Benefits to Customers:
  • Confirmed arrangements
  • Outsourced logistics
  • Enhanced clearing network
  • Pooling / Single Payout Account
  • Customised Reporting
Our collections products can be categorized based on type of collection (local or outstation) and drawn on location (IDBI location or Partner bank location).

Local Cheque Collection:
  1. Express: Local collections on IDBI Locations
  2. Rapid Reach: Local collections on Partner Bank locations
  3. IDBITRF: Cheques drawn on IDBI Bank across all Branches
  4. Speed: Outstation cheques drawn on Bank branches participating in RBI’s Speed Clearing.
Outstation Cheque Collection:
  1. Swift: Outstation collections on the IDBI network
  2. Max Reach: Outstation collections on Corr. Bank Locations
  3. Remote: Outstation collections in locations beyond IDBI and Partner Bank centers
Collections Products Online Access
  1. Deposit slip-wise query with instrument drill down
  2. Instrument-wise query
  3. Reports scheduling
  4. Reports on demand
  5. Delivery status of scheduled reports
 
     
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