Focusing on the specific Cash Management Needs aims to meet your specific Cash Management Needs. What is CMS in Banking? The cash management solutions and services offered by Bank ensures that your cash needs are being met seamlessly.
Why use CMS in Banking?
Our unique dedicated team of Cash Management Professionals and Credit Managers guide you through every step of cash management for optimal business operation, with focus on customer satisfaction. We have been a pioneer in managing receivable and payable for all types of businesses, like small, medium and big enterprises, super market, money exchangers etc.
In a nutshell, we have a team of professionals, who hold expertise and deep experience in all aspects of banking. Our dedicated team of Credit Managers can meet all your needs. The scope of cash management services offered by us is very vast. From processing low value commercial transactions to high value trade transactions, and giving the most cost-effective risk management solutions to your business.
Benefits of using a CMS in Banking
CMS in Banking is highly flexible, simple and easy to operate. The funds received by your bank are fully protected. Safer financial transactions are done. Protect all the funds in your account. Access to all your critical data including your account details, account number, transaction amounts, etc. Efficient cash management of transactions between your bank and their end customers.
Available 24×7 with latest technology. CMS in Banking is a prime partner in the banking industry. It offers high end technologies and products that meet your banking requirements. It also ensures high levels of security with the use of technology. It helps you store your cash and to safeguard your transactions.
FAQs on CMS in Banking
What is Cash Management Services in Bank? Cash Management Services is a service that provides options to disburse money in your favour with quick and seamless interface to manage your daily cash flow requirements. Where can I avail this service from? There are four options for this service: Central Depository Services (CDSL): Can be availed at any branch.
Select and save any account and order for transportation of money via physical delivery. The account will be disbursed into your account within 7 business days from the time of delivery. It does not require any physical presence of the customer in any branch of the Bank. Airtel Money (Money Market Services): You can avail the services from anywhere in the country with a mobile number and bank account.
How often should the CMS be updated?
The maintenance of the CMS is on a regular interval basis i.e. at least once in 4 weeks. Should I get a same day update? No! You will get only a time sensitive update i.e. within 2 hours. What is the deadline for CMS? The CMS is on a maintenance mode on a regular basis. We usually do not check if the software is up to date on a daily or weekly basis.
Instead we focus on working on critical aspects of the software to improve its functionality. What are the capabilities of CMS? CMS is capable of performing all the functionalities. The functionality of CMS is designed for any business operations irrespective of whether it is BFSI or Retail, hence it can perform multiple operations in a single click without any interruption. Which bank customers should use CMS?
What if I need to change banks or my bank account number?
If you wish to change your account number, please submit a request to your financial institution along with evidence of previous account address. With a single call, you can make the change online at bank.
The branch code and your account number are visible to staff in the safe-deposit box so you can verify your deposits. Where do I file documents and other financial documents like cheque books, credit card, card statements, etc.?
How much does it cost to use a CMS in Banking?
The processing fee charged by us is set out as a percentage of the total amount of the outstanding. It is not capped, it depends on the number of documents submitted and the complexity of the transaction. We also work within a range of certain per transaction fees as mentioned below:
1. Receivables Processing Fee is a flat fee for all receipts received over Rs 50,000.
2. Pending receivables processing fee is a flat fee for any outstanding amount of non-pending receipts.
3. Cash Availability Processing Fee is a flat fee charged to you on the basis of the amount of cash which you need to withdraw from your own business account in your bank. It is also calculated on the per transaction basis.
Also Read National Savings Certificate Online