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Axis Bank offers Collection Solutions to corporates to help them with managing receivables collections. Axis Bank’s Collection Solutions facilitates faster collections by enabling quick realization of local and upcountry cheques and pooling the funds in a central account.
The products offered as part of Axis Bank’s Collection Solutions in India include Local Cheque Collection (LCC), Upcountry Cheque Collection (UCC), Bulk Collections – Utility Bills or PDCs Management, Collecting Bankers for IPO or FPO.
LCC enables you to realise funds (on an assured day) through cheques payable within the purview of local clearing. We provide these services at
UCC enables you an assured credit for outstation cheques on a designated day in any of your account across the country (at any of the Axis Bank branch) with a customized MIS. In addition to Axis Bank and correspondent bank centers (3000 locations), all the locations are being covered under Remote Cheque Collections, offering you a one-stop-solution for all your outstation cheques across the country.
At Axis Bank, we offer solutions to meet Bulk Collection Requirements ie, Post Dated Cheques (PDCs), Bulk Collections through Cheque clearing or ECS debit services, etc. The Bank processes collections in a convenient and efficient way to avoid any reconciliation issues. We have required infrastructure, technology and capability to manage and handle PDCs through our dedicated team that manages inventory of cheques and timely presentation of the same, well supported with MIS ensuring maximum benefits to your organization.
As collecting bankers, we provide you services relating to:
We provide Collecting or Escrow Banker services for Initial Public Offer (IPO) and for Further Public Offer (FPO) to handle collections of application forms and instruments received. Our extensive branch network of 236 locations, robust processes and systems and an experienced team across the country enable us to act as a leading collecting banker. The bank endeavours that Companies, Merchant Bankers, Registrars, and Syndicate Members receive high quality service and satisfaction.
In this current scenario of cut-throat competition, Axis Bank has designed its products to minimize the issues faced by you in the area of fund management and reconciliation. Our aim is to reduce the cost, time and efforts faced by corporate in collection and payment issues. We provide you complete solutions to all your CMS needs to enable you to devote more time and effort towards improving your business.
