Centralized Debiting Cheques

This product is mainly designed for NBFCs and other entities who are having large number of cheques drawn on our Bank.The cheques will be debited at one centralized location and single payout is released to the client along with MIS.  The main advantage being all cheques are processed at one location , thus saving courier cost, loss of cheque in transit etc. It also facilitates easy management of return cheques.