(An exclusive Service for speedy collection of bulk/ retail outstation cheques for Corporate Clients, NBFCs, Private/Foreign/Scheduled Banks)

Corporates/Institutions having wide spread network of branches, outlets often have clients spread across a vast geographic area.  Getting receivables through cheques, drafts and other clearing instruments into their possession itself consumes considerable time.  Besides, they often find it difficult to have access to funds at the required time since banks pass on the credit only on realizations. Corporates are not certain of the time lag to get the instruments collected through normal channel of banks and get the funds credited to their accounts which hinders the treasury management portfolio and strain their liquidity and profitability.  Today's treasurers need rapid and reliable information so that risk and exposure can be accurately monitored for improved decision making. Efficient cash management processes are needed to execute payment, collect receivables and manage liquidity. A strong cash management tool is essential to execute company's financial strategy in a world of intense competition & ever changing business opportunities and economic volatility.

The Allahabad Bank Advantage

Our pan India network of more than 2105 branches, alliance with correspondent banks and professional staff-customer relationship service provides the precise platform to meet your needs of effective cash management, liquidity and profitability. All of our cash management solutions are delivered through 5 dedicated Quick Collection Service Centres at Kolkata, New Delhi, Mumbai, Lucknow and Chennai and 18 CMS Hubs at the following centres across the country

CMS Products Being Offered Are:
1. Guaranteed/Assured Credit (Day-7)
2. Collection through Local Arrangement (Credit on Day-2)
3. Collection on realization basis
4. Bulk DD Issue.
5. Direct Credit Facility
Features of the CMS Products

• Credit to Customer’s Account on realization on pre-determined day
• Delivery of unpaid Cheques as per convenience
• Periodical MIS giving details of: Instruments sent for collection, Instruments returned / unpaid, Charges debited, etc.
• Direct credit in Accounts pertaining to CBS Branches.

Benefits for Customers:
1. Better customer service.
2. Effective Fund Management
3. Expansion of business by offering better Cash Management Solution.
4.  Effective Cost Control.
5. Surety of credit on specified date.