Collections - Kotak Mahindra Bank

Collections - Kotak Mahindra Bank

Home

Services

Products

Help

Get App

We make reconciliations easier for you with our e-collections offering. We offer you remitter identification with seamless integration capabilities to enhance efficiencies and control while giving you access to your accounts at all times.

Everyday Benefits?

Captures dynamic information for e.g. invoice and bill no. in the MIS.
Can be tailor-made according to requirements.
Provides comprehensive MIS with multi-level reporting.
Supports online remitter maintenance and real-time reporting.

With Direct Debit, we help you to pull funds as and when required, from other Kotak accounts. Enjoy these facilities offline as well as online for your end customers.

Highlights and Features?

Covers the activity of receipt of direct debit/SI mandates for clients.
Requests can be made for revocation of direct debit/SI mandates through this platform
Updating of mandate or SI is also a key property.
Supports online registration of mandates through real-time integration between the corporates' website and bank’s system.

Now pulling funds from your customers having banks accounts across the country is hassle free without the need to rely on your customers to remit funds. Use our mandate based collections for purpose of collections of bills, insurance premiums, mutual fund investments, or any other recurring payments.

Highlights and Features:

A robust Mandate Management System, which will include a standardized mandate format and a defined workflow for mandate verification.
A unique mandate registration reference no. will be available, allowing for better tracking.
Same day presentation and settlement, including returns processing.
Provision to capture destination bank's unique mandate registration in the transaction file resulting in lesser rejects.

We offer you our branch network to enable walk-in collections from your customers across the country, with multiple payment modes. Now use our network to enhance your business and offer convenience to your customers, all this bundled with end to end transaction/depositor reconciliation.

Everyday benefits?

Multiple modes of collection through Kotak branches.
Validation of transactions though unique reference numbers.
System integration capabilities for real-time data flow.
Customized data entry form set up with editable/non-editable fields as per your requirements.

We provide you flexibility to handle physical cash through door step banking service where multi-locational cash deposits can be availed with centralized MIS and pooling facility.

Let's Start a Conversation

Looking to meet an expert and get a perfect solution?

Get in touch with our team of experts to help create
a tailor-made service for you.

Corporate Contact Number
1800 209 2011

Email Us
corporateservicedesk@kotak.com

Ready to take the next step?