AFm

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M.S. Satish Kumar R.Bharath Kumar R.Sridher A.Sabaresh S.Arun

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The term Cash management is generally used for management of both cash and near cash assets . Cash Management is integrated with AR – Account Receivable. AP – Accounts Payable. Objectives To meet cash disbursement needs as per payment schedule. To minimize the amount locked up as cash balances.

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Benefits … Monitoring Value Dates, Cheques Issued,Chèques Deposited , Stale Chèques etc. Cash Forecast : Expected future movements of funds Inflow and Outflows on account of payments/ collections made. Liquidity Forecast : Expected future Inflows / Outflows from Customers and Vendors, planned Data.

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Cash management services

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Sweep accounts: excess funds from a company's bank accounts are automatically moved into a money market mutual fund overnight, and then moved back the next morning. Zero Balance Accounting: banks developed a system where each store is given their own bank account, but all the money deposited into the individual store accounts are automatically moved or swept into the company's main bank account. This allows the company to look at individual statements for each store. Add On’s

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Axis Bank, formerly UTI Bank, is a financial services firm that had begun operations in 1994,after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the Specified Undertaking of the Unit Trust of India.

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Large Corporate Small and Medium Segment Banks NBFCs Mutual Funds Financial Intermediaries Axis Bank’s cash management services is based on extremely robust technology capable to carter to collection or payment requirements of :

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Some of the techniques/tools followed by axis bank: power Pay: Power Pay products are designed to take maximum benefit of the Anywhere Banking through our large network of branches with centralized database. At par payment: Issue at Par payable cheque book to our Current Account customers. At Par facility enables you to maintain only one Account and issue cheques that would be payable at any Bank location as a local cheque.

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. Electronic Clearing Service : ECS Credit is an electronic clearing system that facilitates paperless transaction through an offline system. NEFT: To establish an Electronic Funds Transfer System to facilitate an efficient, secure, economical, reliable and expeditious system of funds transfer and clearing in the banking sector throughout India. The customer willing to avail the NEFT facility offered by us shall submit an "NEFT Application Form“. Real Time Gross Settlement (RTGS):RTGS System is a payment settlement system that minimizes the credit risk in the prevalent cheque clearing system. Under RTGS the funds are settled on a near real time basis across Banks in different locations. Continued…

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Our Power Collect products are designed and developed to meet all of your Collection needs Cheques, Cash and Electronic Transfer. Whether you do business locally or throughout India, we can provide you with innovative, integrated cash management solutions customised to your specific needs. Local Cheque Collections (LCC):LCC enables you to realize funds (on an assured day) through cheques payable within the purview of local clearing. Upcountry Cheque Collection (UCC):UCC enables you an assured credit for outstation cheques on a designated day in any of your account across the country (at any of the Axis Bank branch) with a customized MIS.

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Bulk Collections - Utility Bills or PDCs Management: To offer solutions to meet Bulk Collection Requirements ie, Post Dated Cheques (PDCs), Bulk Collections through Cheque clearing or ECS debit services, etc. The Bank processes collections in a convenient and efficient way to avoid any reconciliation issues. Collecting Bankers for IPO or FPO or Rights Issues:As collecting bankers, we provide you services relating to: Public or Rights Issues Private Placements Buyback offers To provide Collecting or Escrow Banker services for Initial Public Offer (IPO) and for Further Public Offer (FPO) to handle collections of application forms and instruments received. Continued…

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Thank you..!!! M.S. Satish Kumar R.Bharath Kumar R.Sridher A.Sabaresh S.Arun