Collection Services

Extensive products with efficient collections

Collection Services

Efficient Collections

HDFC Bank's Collection Services help you speed up realisation of local and outstation cheques and get the funds quickly in a central collection account. As a result, you are able to manage your fund flows more efficiently. You can get this service with or without a current account with HDFC Bank.

Collection Products

Local Cheque Collections

This product provides quick realisation of local cheques deposited at the same location and is available at all locations of HDFC Bank (SPEED) and over 18 locations of our correspondent Bank (RAPID).

Outstation Cheque Collections

This product enables you to deposit outstation cheques drawn on any HDFC Bank location at any HDFC Bank location (SPRINT). Similarly, cheques drawn on over 300 locations of our correspondent bank (EXPRESS) can be deposited at any HDFC Bank location.

Transfer Cheque Collections

This product provides quick realisation of local and outstation cheques drawn on any branch of HDFC Bank and is available at all locations of HDFC Bank (HDFCTRF).

Clean Collections

Deposit cheques drawn on any locations not covered by HDFC Bank or our correspondent bank network at any of our locations and funds are credited to your account as soon as they are received by HDFC Bank.

Comprehensive MIS

HDFC Bank's comprehensive MIS includes:

  • Daily report of deposits made at various locations
  • Location-wise report
  • Credit forecast report
  • Monthly cumulative report - by date or location
  • Monthly charging statement
  • Monthly cheque return statement
  • Customised reports, if any