Local cheques are deposited at CMS Branches and CMS centres and payout made to clients as per arrangement supported by a detailed MIS
Cheques/instruments drawn on outstation locations, both within and outside network, are collected and payout made to clients as per arrangement supported by a detailed MIS.
- Centralised debits/credits of cheques and mandates
Union Bank cheques of various locations held by clients are lodged in any CMS Branch from where the cheques are debited on line and proceeds credited to clients account. Similarly debits/credits are carried out based on mandates received.
- Virtual account
RTGS/NEFT remittances received in Virtual account are decoded and credit afforded to the customer’s account without having to disclose the actual account number to the remitter, and provides customized MIS.
- Bulk TTUM/NEFT/RTGS
Bulk payments are effected by file upload for Bank’s own customers, and to other bank account holders by way of RTGS/NEFT
- Cheque writing
Multicity cheques are printed by our Bank at desired locations on behalf of the clients in order to meet their bulk payment requirements with or without facsimile signature.