Product Overview
Collect funds in your designated Collection Account via inward NEFT/RTGS with our Virtual Account solution. You can identify your payer and enhance the visibility of your receivables. A comprehensive view of your collection will improve the way you manage it.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
- Eliminate the need to manually track deposits
- Centralised monitoring of collections
- Real time credit to respective Accounts
- Actual Corporate Account details are not disclosed
- Pre-validation before collection
- Know Who's Paying: - Enables the Institutional Clients to identify the remitter with complete details of the Amount, their name and UTR Number.
- Saving: - Significant administrative cost reduction by eliminating manually tracking of deposit.
- Better Tracking of Receivables : -Centralised monitoring of collections. Corporates can link thousands of Virtual account to one master account.
- Real Time Credit to Collection Account : -Accept payments via NEFT & RTGS. Instant refund of payments made to the wrong Virtual Account.
For detailed fees and charges please contact your Relationship Manager or visit your nearest branch.
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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