Government Business - Cash Collection Solutions
Axis Bank’s Cash Management Services are based on an extremely robust platform and can easily facilitate the Collections or Payment requirements for your business, whether they are local or present Pan-India.
Designed and developed keeping in mind the need to adapt and cater to different means of collections, we can help you with innovative and integrated cash management solutions customized to your specific needs
Our Clientele for Cash Management services includes:
- Large Corporate
- Small and Medium Segment
- Mutual Funds
- Financial Intermediaries
For any queries please contact:
Contact Number 1860 500 4971 (Working Hours: 9:30 am to 6:30 pm (excluding bank holidays and Sunday)) Email Address email@example.com
We offer bulk cash/cheque collection services across the country at 2000+ CMS enabled branches along with door-to-door pick up facility in partnership with Pick –up agencies.
a. Host to host Integration for MIS for status updates
b. Offline Validation based Collection
c. Customised and Reconciled MIS
Power eColl is a solution allowing corporates to receive inward transactions to virtual accounts for domestic and foreign transactions. This facilitates automated zero reconciliation of voluminous transactions, centralized monitoring and lesser manual intervention. The solution enables through offline or API validation of transaction details and identification of remitter.
NACH Debit is a mandate based collection solution allowing corporates to pull funds at a regular frequency as confirmed by its customers from accounts in other banks to a single account with Axis Bank.
Mandate registration can be initiated via submission of physical documents/authorized scans or eNACH (API eNACH) modes-
For Physical Documentation: Duly signed NACH mandates forms must be submitted to the bank’s central Ops team for further processing.
For Scans: Images of physical NACH mandates as per NPCI’s format can be placed on Bank’s SFTP folder along with details in excel file for further processing.
API eNACH: Permits mandate initiation to be done online from merchant’s website and gets directed to end user’s bank page for user verification using Debit Card/ Net-Banking credentials. This is faster and secure mode for regular collection.
Easypay Online is an integrated multi-modal collection platform through which receivables across multiple payment modes including Netbanking, NEFT/RTGS, Cards (Visa/Master/Rupay), E-Wallets, UPI, BQR, POS, IMPS and branches (Cash & Cheque) can be facilitated through a single integration.
· Flexible form builder solution
· Invoice Based Collection solution
· Agent Collection Solution
· Bulk UPI Collect request solution
· Multiple payment modes
· Validated collection with Enterprise Resource Planning (ERP)/ Application Programming Interface (API) /Software Development Kit (SDK) integration
· SMS & Link based collections
· Corporate front-end for transaction status & MIS
Easypay Branch solution enables corporates to receive collections from their end beneficiaries in the form of cash, cheque and DD at 4500+ Axis Bank branches all over India. The solution facilitates hassle-free collections with features such as centralized monitoring, customized & reconciled MIS and real-time updates in ERP.
CDM solution enables corporates to receive collections in the form of cash from their end beneficiaries via Card or card-less solution.
Card: End user will insert card at any of Axis Bank’s CDM to deposit cash and the amount will be transferred to designated account as per credit arrangement.
Card-less: End user will enter login credentials into Axis Bank’s CDM deployed at client’s location to deposit cash and the amount will be transferred to designated account as per credit arrangement.
- Simplified & secure cash deposits
- Available 24*7 at 5400+ recycler machines across India
- Real-time validation with client database
- Customized MIS to identify depositor details
- Real-time alerts through API Integration for successful cash deposits
Cheque Truncation System is a clearing method used to process outward clearing cheques on scan basis. This arrangement is offered exclusively to Co-operative banks where Axis bank stands as a sponsor bank and ensures that Co-operative banks are able to extend clearing services to their end customers.
ATM sub membership is offered exclusively to Co-operative banks who have Axis bank as their sponsor bank and wish to extend ATM Card services to their customers. This allows Co-operative bank customers to withdraw cash from their accounts in Co-op bank using Axis Bank ATMs.
Business Correspondent (BC) for Cash Collections is offered to corporate customers, to deposit cash at locations / retailer outlets without coming to Axis Bank branches.
Under CMS arrangement, we have on-boarded BC’s who facilitate Cash Deposit services* for customers at their retailer outlets.
The list of BC’s under CMS are given below.
- Nearby Technologies Private Limited
- Digicard Services Private Limited
- Spice Money Limited
Click here to view the CMS Application Form
Click here to view the Cash & Cheque Form
Click here to view the CDM Form
Click here to view the Easypay Form
Click here to view the NACH & Direct Debit Form
Click here to view the Power eColl Form
Click here to view the product wise process description
Click here to view the NACH & Direct Debit Front End Access Form