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Benefits to Corporates |
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| If your organisation is multi-locational, managing outstation funds collections and payments can often be time consuming and expensive. Delays of days or even weeks in realising outstation cheques, constant tracking and follow-up to transfer funds from outstation collection accounts, uncertainty and delays regarding information on the fate of cheques etc., are common.
At HDFC Bank we offer a comprehensive range of Collections and Payments solutions under our Cash Management Services (CMS) umbrella to meet your needs and put you in control of your cash position.
HDFC Bank's Cash Management Services will enable you to :
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Lower Interest Costs |
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Our collection services enable you to receive funds in your main (concentration) account with the bank with a minimum transit time thereby reducing interest costs.
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Improve Liquidity |
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Saving on transit time enables you to realise cheques and use funds earlier and therefore gives you enhanced liquidity.
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Better Accounting and Reconciliations |
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Detailed information on cheques deposited are made available on a daily / weekly basis/periodically thus simplifying accounting, reconciliation and query resolution. HDFC Bank can also provide customised MIS as per your requirements.
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Achieve Overall Operational Convenience |
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HDFC Bank's Collection Services enable you to derive convenience in banking operations thereby facilitating management of cash positions through a central treasury. Also, the same may be used for improved control over different business segments. The advantages of our collection products can also be availed without opening a current account with HDFC Bank.
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Interconnectivity |
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Experience realtime online banking on E-Net with your CMS account. E Net is an Internet based software, which allows you to view current a/c balances, download statements, view CMS collections, effect payments / receive payments online, plus a host of other activities.
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Centralised Service Desk |
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HDFC Bank provides a dedicated service desk to ensure that your queries are resolved quickly and efficiently. |
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