Transaction Banking Unit - Business

Collection Products

Cash/Cheque Collection & Deposition

• Robust and scalable technology platform along with largest branch network in India
• Collection /Deposition of cash/cheque in pooling account
• Customized MIS on Daily & Monthly basis, facilitating smooth and effective reconciliation
• Single point of contact and escalation matrix for any issues related to Transaction Banking facilities
• Best agencies empanelled for pick up.
• SME Cash Pickup to cater to small corporates/ proprietorships

E-Collection

Collection through RTGS/NEFT/Direct Credit/Cheque using Virtual Account Number (VAN). Virtual Account Number (VAN) enables fast, secure and traceable source of funds.

• Collection in pool account through RTGS/NEFT/DCR/Cheques
• Short VAN with Alphanumeric character
• Masking of original account number of the Client
• Both static and dynamic creation of dealer/customer specific VAN is feasible
• Customized MIS with narration field available for easy reconciliation

Digi Dealer

• Uses mobile application to collect information regarding cash collection and generates voucher for the same
• Cash deposition in all SBI Branches, presently 22,000+ Branches pan-India
• Real Time credit to Client’s pool account
• No Need to input SBI Pool Account No. by Client’s depositors
• Masks the 11-digit SBI Account No. of Client
• Real time Management Information System (MIS) Reports

NACH & Mandate Based Direct Debit

• Registration of Mandates for Corporates for SBI as well as other Bank account holders
• Instant, online and secure receipt of Collections
• Prompt & Customized MIS reports
• Opens a large customer base of the Bank to the Corporates for fast settlement of funds enabling efficient working capital management

E-Mandate

• E-mandate allows registration of mandates online by internet login or Debit cards
• Dedicated portal for uploading transactions
• Transactions possible during Bank holidays also
• Reduces TAT for registration and eliminates rejection of Mandates due to signature mismatch

E-Pay

• Aggregator or Merchant Aggregator is a service provider who aggregates and provides various payment acceptance services to the merchants.
• SBIePay provides complete, simple and secure online Payment Gateway Services, with a real-time Credit Card, Debit Card, Net Banking and Mobile Payment transaction validation process.
• SBIePay is certified with Payment Card Industry Data Security Standard (PCI DSS)
• Direct integration with major public & private Bank’s Net-banking service and BHIM SBI Pay for collection of funds using UPI channels.
• E.g., Payment Link on Merchant websites like HPCL, IOCL etc.

Easy Collect

• Collections of receivables with online validations by the Clients Server across entire network of SBI Branches for through cash/cheques. Mostly used by Insurance Companies. Can be extended to Telephone Cos, Educational Institutions.
• Best suited when volumes of receivables are huge & spread into remote locations
• Leverages technology and widespread large branch network of the bank for faster receipt of funds and instant reconciliation
• Real Time validation of collection amount / premium details and validations of other details of collection as required by the Client, through web interface
• MIS will be sent as per requirement of Corporate through Portal / H2H (Host to Host)

Power Jyoti Pre Upload (Power Jyoti PUL) For NBFCs

• Deposit/transaction of Collections / installments in Cash and Transfer only through designated agent / employee of the Client
• Cash deposition in all SBI Branches
• Collections will be pooled in one account and MIS of collection made available to company in desired format
• Mainly covering customers with small ticket size collections

Liquidity Management

• Sweep & Reverse Sweep Mechanism in multiple accounts of same corporate maintained with SBI
• Facilitates interest saving & Efficient management of funds for Corporate
• Debit balances also can be swept if day light limits are fixed
• Customized MIS facility available

Payment Products

E-payments: RTGS / NEFT/ Direct Credit

• Comprehensive, user friendly and customized single file format for all types of pay-outs
• Authorization based on authorization matrix shared by the Client
• Data sharing through secure channels: Portal/Host to host utility/SFTP
• Availability of SAP Extraction and Integration features
• Ease of reconciliation by providing ERP compatible MIS reports
• Customized payment advices to the customer and to the corporate
• Dedicated Client Services officers for client support and resolution of issues

CCPAP And Demand Drafts

• Centralized bulk printing of Multicity cheques (CCPAPs – Corporate Cheques Payable at par) as well as Bulk Drafts printing
• Decentralised printing of cheques at Clients single location or multiple location using the MICR enabled or laser printer.
• Online validation of the Instrument number, Amount and Drawer account number before clearing, to avoid fraudulent payments
• Customized advice to the company
• Option of facsimile/digital signature available for instrument size up to Rs. 100 Lakhs.
• Regular paid/unpaid status and Reconciliation reports is provided
• Bulk payment requests processed within a day and dispatched to corporates.

Dividend Warrants

• Dividend /principal redemption/interest pay-out can be done using SBI multi payment options like RTGS / NEFT, DCR (SBI to SBI fund transfer), Dividend Warrants, Demand Drafts, SWIFT, Dollar Demand Drafts etc.
• Account opening is done in home branch within a day
• Instant return and reconciliation report available
• DDs can be issued immediately for any transaction failure/returns
• Skilled and dedicated team for this special task

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