Domestic Payments and Receivables
Domestic Payments and Receivables
Our advanced and superior corporate net banking platform (‘Bank O Net’) integrates with your accounting software / specific application to deliver robust and innovative cash management solutions. Our experienced cash management and transaction service specialists, support you with a full range of CMS services to efficiently process your receivables and payables.
Key Benefits
- Single file upload mechanism for all payments – NEFT / RTGS
- Facility to print Cheques / Drafts at remote location
- Cheque Protect to ensure your payments are always honored
- Virtual Account – managing electronic receivables
- Reconciliation Management
- Doorstep Banking*
- Direct and Indirect Tax Payments*
- Prepaid Cards
Outsourced Cheque Printing
- Cheques / Drafts printing at remote location, at reduced cost and increased efficiency.
- Facility to courier payment instruments directly to the beneficiary.
- Benefits of enhanced reconciliation and resource optimization in payment processing.
Priority Bulk Payments
- Single file upload mechanism for all modes of payment (RTGS/NEFT/CHQ/DD).
- Physical instruments are printed along with payment advice.
- Beneficiary intimation for all electronic (NEFT/RTGS) payments.
Cheque Protect
- You can be sure of your commitments being honored with our cheque protect facility.
- We facilitate utilization of available balance in all your linked accounts to honor cheques issued.
Tax Payments
- Make timely payment of your taxes with the convenience of our tax payment module.
Prepaid Cards
We provide Prepaid Cards in alliance with various partners
- Make reimbursements to employees for business expenses, petty cash etc. without opening an account.
- Disbursement of funds for specific purpose – Medical, Meal, Travel Allowance etc.
- Prepaid cards can be used for both ATM / POS / e-comm transactions.
- Access to Web based portal of alliance partners, for managing the cards.
- Seamless processing, tracking and management of your receivables.
- Virtual Account (VA) solution for electronic receivables (NEFT / RTGS).
- Reconciliation of invoices with remitter details.
- MIS for receivable details can be scheduled for every two hours or at the end of the day.
- Through API integration, VA MIS can be fed into ERP for auto reconciliation.
Reconciliation Management
- Superior cash flow projections and enhanced operational efficiency.
- Real-time accurate information to identify exceptions and help prevent frauds.
- ERP / Accounting System Integration and customized templates.
Doorstep Banking
- Enhanced limits for cash delivery and pick up.
- Cheques and Trade Documents can also be picked up from your registered office or home address.
*For more details Refer Terms and Conditions
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