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Home > Corporate > Fund Based assistance > i-Cash Payment Products

i-Cash Payment Products - IDBI Bank i-Cash payment products

Corporate have to make payments to several counterparties. These range from vendor payments to taxes and government levies to mass payments of dividend and interest. The corporate treasurer single-mindedly attempts to optimize the payments, such that the disbursal happens at the farthest point in time and at the least cost. IDBI Bank's customized and value enhancing bulk payments solution enables customers to outsource their low-value, high volume payments and thus help the Treasurer achieve this objective. Our Disbursement products are categorized based on type of instrument, drawn on location and specific features of the instrument. The various products existing on the disbursements front are as follows:

Benefits of Disbursements products
      Bullet Prompt Pay: Bulk Demand Draft issuance on IDBI Bank locations.
      Bullet Prompt Pay Plus: Bulk Demand Drafts payable at Non-IDBI Bank locations covered through partner bank network.
      Bullet Quick Cheques (Cheque Writing): Complete outsourcing of cheque issuance by corporate, reducing administrative and operating costs.
      Bullet Remote Pay Order: Printing of Pay Orders at branch locations based on instructions received centrally.
      Bullet Expro Pay: Bulk draft issuance on IDBI Bank’s network on customized instrument format.
      Bullet Bulk RTGS / NEFT through direct upload: Bulk transaction file upload facility for e-payment products such as NEFT and RTGS
Brief Features:
      Bullet Bulk-payment processing capacity
      Bullet Payment instructions through e-mail or direct uploads on i-CashWeb
      Bullet Single file upload for payment through multiple products
      Bullet MICR Band Printing facility
      Bullet Facsimile signatures
      Bullet Online Validation eliminating possibilities of fraudulent encashment
      Bullet Customized MIS with online viewing option or download through i-CashWeb
      Bullet Enhanced reach through correspondent bank tie up.
Payments Products online access:
      Bullet Multi-product payment upload through a single file
      Bullet Payment initiation through 24x7 access via net
      Bullet Scheduling of future dated payments
      Bullet Authorization Verification Matrix
      Bullet Beneficiary master upload
      Bullet Online status updation for all transactions
      Bullet Dynamic signature capture
      Bullet Instruction status query
      Bullet Stop Payment request
      Bullet Email notification
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