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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.
CMS - advantages