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:
Express: Local collections on IDBI Locations
Rapid Reach: Local collections on Partner Bank locations
IDBITRF: Cheques drawn on IDBI Bank across all Branches
Speed: Outstation cheques drawn on Bank branches participating in RBI’s Speed Clearing.
Outstation Cheque Collection:
Swift: Outstation collections on the IDBI network
Max Reach: Outstation collections on Corr. Bank Locations
Remote: Outstation collections in locations beyond IDBI and Partner Bank centers
Collections Products Online Access
Deposit slip-wise query with instrument drill down