Syndicate Cash Management Services offer a full range of receivable and payment services to help manage company’s liquidity, cash management needs which ensure efficient management of business operations.
The Cash Management Services offered to clients takes care of movement of funds involving large volume of transactions either from a single credit or a single debit, depending upon the nature of the transaction
- Product designing can be tailor-made to the specific needs of the customer
- CMS is a business initiative to optimize the use of CBS platform for providing speedy movement of funds and customer centric information
Centralised Cheque and Cash Collection
Cheques drawn on our various branches of SyndicateBank shall be processed at central location
Small value Cash deposits are accepted at our branches (PAN India) from the customers of Corporate clients. Funds are pooled into a common account and customized MIS are provided to corporate
Auto Debit Mandate
This facility meets the small value, bulk, recurring collections through mandates of customers who are Banking with us which will trigger collections /debit of accounts.
Direct Credit by Funds Transfer
This offers the Management of Payables in respect of Supply Chain payments, Overseas Remittances, Salary payments, statutory payment where beneficiaries happen to be SyndicateBank account holders
Cheque/DD drawing arrangement is offered on pre-funding or post funding to corporates and Banks/their clients. Demand Drafts / Payable at Par cheques issued by the CMS clients, shall be paid by our CBS branches across the country, on presentation for payment.
Electronic channels to meet high value, small value bulk disbursements for credit of various beneficiaries having accounts in various bank branches across the country
Remote Demand Draft / Pay Order issue
Remote pay order facility is extended to corporate / correspondent Banks through our branches with instructions to issue Demand Draft to a specified entity at a remote branch.
- Widest network of 3000 plus branches across India
- We provide comprehensive MIS reports like daily report, transaction report
- Strong logistics support
- Highly competent team
- Ensuring timely deposit of collections
- Timely execution of disbursement request
For further details, please contact:
Nodal Officer : Mr. Jasdeep Singh Kohli
Cash Management Services Branch
26/A, Sir P.M.Road, Fort
Mumbai- 400 001
Ph: 022-2262 1844 /2270 4013
Fax : 022-2700997