Overview

Helping high-volume, geographically widespread clients manage their cash collections securely through captive and off-site Recycler/Cash Deposit Machines
Avail of secure, 24/7 cash collections across locations through both card-based and card-less functionalities

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Features &
Benefits

Features & Benefits

  • imgEnable your partners / agents / dealers to deposit cash 24/7 safely and securely through Recycler/Cash Deposit Machines installed in your premises or at designated Axis Bank locations
  • imgSimplified self service facility with validated deposits and functionality for multiple deposits by a single user
  • imgEnable cardless deposit facility on machines installed in your premises
  • imgIssue cards for deposits at designated Axis Bank locations
  • imgNear-real time detailed deposit alerts and transaction posting via APIs
  • imgConsolidated daily MIS reports with location-wise validated collections
  • imgImmediate detection and retention of fake currency notes as per RBI guidelines
  • imgConsolidated credit to designated Axis Bank account

How it works?

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Choose the Recycler/Cash Deposit Machine solution best suited to your needs. Recycler/Cash Deposit Machine installed on your locations as per requirement
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Issue cards / user credentials to your partners / agents / dealers
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Your partners / agents / dealers deposit cash in the nearest available Recycler/Cash Deposit Machine through card PIN or user credential validation
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Get automated alerts / MIS reports for each deposit
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Axis Bank gives a consolidated daily credit to your designated account
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Receive detailed reports via email / API and complete your recon activity
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Fee &
Charges

Fee & Charges

  • On-boarding Fees
  • Transaction based charges
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Value Added
Service

Value Added Service

  • Card based and cardless functionalities

     

  • Captive and off-site Recycler/Cash Deposit Machine
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  • API integration for near-real time deposit alerts and payment posting

     

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Eligibility &
Documentation

Eligibility & Documentation

  • CMS Application Form
  • Recycler/Cash Deposit Machine Form
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CMS application form and Recycler/Cash Deposit Machine form

Apply Now
 

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Contact Us

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