This product is designed for the Corporates who receive the instruments drawn on up-country locations at its Corporate Office/ Regional Office and are having centralized accounting procedure.
These products will give an “assured credit with proper MIS” to the clients on a pre-determined date at mutually agreed terms and conditions.
The scheme is designed for organizations where the receipt of cheques is centralized either at corporate level or at regional level. This service is useful to the companies who are in dire need of funds immediately and is available to only those who conform to our internal norms on gradation.
Operation of the Scheme
Under this scheme, cheques drawn on any locations are entertained.
The Corporate Office/Regional Office of the client can hand over at any of our dedicated CAPS branches, the instruments drawn on up-country locations. These instruments are processed and being sent to the respective locations for realisation.
- Day 0 – Instruments are deposited at CAPS branches.
- Day 1 - Payout afforded to the client.
Advantage to the client
The credit is released on a pre-determined date and no interest is being levied for any delay in realisation of the instruments on within network locations.
Benefits of CAPS to the customers
- Enhanced liquidity
- Multiple accounts-eliminated
- No reconciliation hassles-Separate monthly billing
- Customised MIS
- New utilities for select clients
- Savings in interest as also collection cost
- One-to-One relationship at 20 CAPS branches