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A comprehensive solution for corporate customers to process various electronic and physical payments through a single file upload mechanism in PayPro.Customer uploads transactions in a specific file format for same day or future date execution.Supports NEFT, RTGS, IMPS, Internal Fund Transfer, DD, Cheque printing and Cash delivery payment methods.Customer can avail cash delivery facility through payPro at Branch or Corporate’s premises
Single upload file (in multiple formats) (Generic / Customer specific formats) containing multiple types of payment instructions
Beneficiary master validation, Future dated transactions, Multiple file formats supported, Encrypted file supported, Multiple payment modes supported in single upload file
Template managementFlexible accounting entries- payment mode wiseAdministrative rights to corporate clients for conducting end to end activities independently at their endAccess to single window for all the different payment modesFacility to check status of transaction uploadedTracking of returned NEFT and RTGS transactionsMultiple reports containing the details of records like status, UTR number, cheque number, amount, beneficiary details etc. for the records processedAccount balance inquiry and Statement downloadPrint cheques at both CMS Branches and Customer locationsManage continuous stationary inventorySeamless data transfer and processing of paper based and electronic payment products through single uploadReal time processing of Direct Credit, RTGS, NEFT and IMPS transactions following the defined cutoff timingsReal time alerts / MIS to the corporate once the transactions get processed / rejected at any stage. Real time alerts to beneficiaries for the successful transactionsReports containing info on RTGS UTR numbers, cheque and Demand Draft numbers and their clearing statusCheque clearing done through CBSS validationsDefine authorisation through Parallel or Sequential Matri
| Charges | |
|---|---|
| Monthly Fixed CMS Payments Services | INR 500 |
| IMPS Per transaction | Amount < = INR 1000 - INR 3 Amount> INR 1000 AND INR <= 25000 – INR 4 Amount > INR 25000 - INR 8 |
| NACH Credit Per transaction | INR 2 |
| Bulk Payment per transaction charges(H2H, Fileupload, API Channels) | INR 2.0 |
| Paper payments Cheques / DD / PO – Per Transaction Charges (Bulk channels) | INR 2.5 |
Bulk Payments (payPro) Solution is best suited for corporate customers.
Yes, the minimum fund transfer amount for RTGS is Rs.2 lakhs per transaction.
Bulk Payments (payPro) currently offers NEFT, RTGS, IMPS, IFT, Cheque & Demand Draft to make smooth and hassle free payments.
Yes, you can make a cash payment through Bulk Payments (payPro).
The cut off timings for NEFT/RTGS transactions through Bulk Payments (payPro) are as follows:
| Transaction Timings | NEFT | RTGS |
|---|---|---|
| Monday – Saturday (Except 2nd and 4th Saturday and bank holidays) | 6:30 PM | 6:30 PM |
Yes, Immediate Payment Service i.e IMPS can be utilized to make a payment anytime of the year.
No, MICR Printing has to be carried out only in Axis Bank branches.
No, Demand Draft (DD) can be printed only at Axis Bank branches.
The Bulk Payments (payPro) solution accepts a variety of ID documents such as Pan Card, Passport, Driving License & Voters ID for a Cash Delivery method.
The users can opt for the role of Maker, Checker and Verifier in Bulk Payments (payPro).
Yes, the users are allowed to access selected accounts in Bulk Payments (payPro).
Yes, the users can choose to download the reports in XLS, TXT or PDF formats.
Yes, account statements can be downloaded from Bulk Payments (payPro).
Alerts from Bulk Payments (payPro) can be sent to the Beneficiary, Uploader & Authorizer and the Verifier.
A customer can have SSO to the following payment applications:
• Bulk Payments
• Host to Host Payments
• Single Payments
• Salary Payments/p>
The default limit on Cash Delivery option offered in Bulk Payments (payPro) is Rs. 10 lakhs.
Yes, the maximum limit for transaction through IMPS is Rs. 5 lakhs.
If you suspect that there has been an unauthorized transaction in your account, please report it to the Bank immediately by sending an email to cmscustomercare.mum@axisbank.com from your registered email ID or calling on 1860 500 4971. You may also contact your Branch or Relationship Manager.
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