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Image  CASH MANAGEMENT SERVICE

  1. PRODUCTS
    1. Collection products
      1. Local Cheques Collection (LCC)
      2. Upcountry Cheques Collection (UCC)
      3. Centralised debits/credits (mandates & cheques)
      4. Virtual account

    2. Payment products
      1. Bulk Payments through NEFT/NACH
      2. Centralised Credits
      3. Cheque Writing

  2. PRODUCT FEATURES

    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 is made to the client supported by detailed MIS.

    Union Bank Cheques of various locations held by clients are lodged in any CMS Branch from where the cheques are debited centrally and proceeds credited to clients account. Similarly debits are carried out based on Mandates received.

    RTGS/NEFT remittances received in Virtual account are decoded and credit afforded to the customers’ accounts without having to disclose the actual account number to the remitter and provides customised MIS.

    Bulk Payments are effected by file upload for Bank’s own customers and to other bank account holders by way of NEFT/NACH.

    The CMS Branch centrally executes the Corporate Client’s request for multiple credits.

    Multicity cheques are printed by our Bank at desired location ns on behalf of the clients in order to meet their bulk payment requirements with or without facsimile signature.

    1. LCC
    2. UCC
    3. CENTRALISED DEBITS
    4. VIRTUAL ACCOUNT
    5. BULK PAYMENTS THROUGH NEFT/NACH
    6. CENTRALISED CREDIT
    7. CHEQUE WRITING
CONTACT DETAILS
Corporates who desire to avail these facilities may get in touch with our AGM at our corporate office or any of the CMS Branches as shown below:
Office/Branch Name Mobile Office/Faxr
CMS CO, MUMBAI Mr. Hari Har Pathy
Asst. General Manager
9967051011 022-22892572
CMS, CO, Mumbai Mr. P Sridhar
Chief Manager
9594988032 022-25706507
AHMEDABAD Mr.Dinesh Patel,
Asst. Manager
9099931616 079-26403426(F)
CHENNAI Mrs. E. Amrithavalli
Manager
7358323284 044-43502631(D)
23460724(F)
KOLKATA Mrs. Nupur Bhattacharya
Manager
9073325963 033-32421283(D)
32421284
DELHI Mr. Abhay Gupta
Senior Manager
8802291242 011-23521711
23521710 (Fax)
MUMBAI Mr. Keshav Grover
Chief Manager
9940533633 022-22892014
22817352 (Fax)
HYDERABAD MR. M V M SARMA 7674826963 040-23421884(D),
23420619(F)
BANGALORE Mr. M. S. Kamath
Senior Manager
9741787506 080-22958278(D),
22958228(F)
KOCHI Mr. Rahul M Placken
Senior Manager
9747044660 0484-2385242(D),
2385243
KANPUR Mr. Kapil Saini
Manager
9839099303 0512-2532834(F)

CMS - advantages

  • Faster realization of instruments and better funds management
  • Collection of funds at the source of origin
  • Centralized control of receivables and disbursals
  • Faster and easier transfer of funds to locations of choice.
  • No requirement of multiple accounts at multiple locations.
  • Nominal fee/commission.
  • Detailed MIS makes it easy to reconcile
Union Bank CMS
  • 9 specialized CMS Branches
  • Over 100 CMS Processing centres
  • Over 800 locations for collection of upcountry cheques/instruments

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