HDFC Bank's Collection services is aimed at ensuring quick realisation of local and outstation cheques and providing the funds in a central collection account. This enables you to manage your funds flow position most effectively from a central location. This service can be availed with/without a current account with HDFC Bank.
HDFC Bank provides the following Collection Products :
Local Cheque Collections
This product provides quick realisation of local cheques deposited at the same location. This product is available at all locations of HDFC Bank ("SPEED") and over 180 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 900 locations of our correspondent bank ("EXPRESS") can be deposited at any HDFC Bank locations.
Transfer Cheque Collections
This product provides quick realisation of local/outstation cheques drawn on any branch of HDFC Bank Ltd. This product is available at all locations of HDFC Bank ("HDFCTRF") locations.
Clean Collections
Cheques drawn on any locations which are not covered by HDFC Bank or our correspondent bank are also collected at any of our locations and proceeds credited to your account as soon as credit is received by HDFC Bank.
HDFC Bank's comprehensive MIS includes :
Daily report of deposits made at various locations.
Location wise report
Credit Forecast report
Monthly cumulative report - date wise / location wise
