Electronic Collections (Virtual Account)

1. Important tool for clients wanting to shift from paper-based collections to electronic
collections.

2. Helps automated reconciliation for inward remittances through

RTGS/NEFT/IFT/IMPS

3. Capturing Dynamic Information E.g. Invoice, Bill no in the MIS.

4. Instant Email and Mobile alerts to the remitter as well to the company.

CMS Setup Charges Rs.15,000

E-Collections Virtual Account Creation Charges 5 Per Account
Transaction Charges 3 Per Transaction

CMS NetIT (Payment product):

 Single Payment Platform for ALL kind of Payments (thru IFT, NEFT, RTGS,
Cheque, etc.)

 Maker Checker Concept giving better controls

 Email alert to Beneficiaries to eliminate queries

 Bulk processing of transactions thus effectively reducing turnaround time.

 Daily MIS at EOD .

 Advance authorization of payment from the date of payment

 Beneficiary Masters can be easily maintained and option of restricting payments

 API Integration

Pricing Structure:
 Standard
Product
Charges
CMS NetIT with
1,25,000
API Integration

Instrument Standard Charges

IFT(Fund transfer within

0
Kotak bank)
NEFT Rs.3
RTGS Rs.3
IMPS(Txn Value < Rs
Rs.5
25000)
IMPS(Txn Value > Rs
Rs.10
25000)