Authorized Cash Management Service (CMS)

Authorized Cash Management Service (CMS)

The 'Digital India' is a great initiative to revolutionize conventional methods and integrate digital technology. It is enabling banks to provide solutions to corporate, which is triggering cashless mode of transaction. This has provided an unprecedented opportunity for corporate to digitizing their financial transactions and benchmark treasury management with the best-in-class practices.

The state-of-the-art BANKIT Cash Management Services is leveraging on this opportunity by bringing the benefits of this digital integration to its Corporate and customers. The product aims at creating a digital eco-system for the customers through a seamlessly connectivity with their customers, suppliers, employees, and revenue departments for the exchange of financial information and transactions.

The Cash Management System coupled with BANKIT’s unmatched branch network will enable the corporates to accelerate their receivables, enhance control over their payments and enable just-in-time funding.

The Cash Management Services (CMS) enables faster realization of funds and thus giving the ability to sell more while lowering need for working capital and knowing which invoices have got paid.

Cash Management Service (CMS) is now available at BANKIT web portal, currently allow BANKIT retailers to accept Payments of various billers. Now accept your Customer’s Loan EMIs and get instant credit in their respective biller account. BANKIT is providing attractive instant commissions on CMS service.

Cash Management System benefits the agent network in rural and semi-urban area to keep requisite cash within their outlets for cash out services. This added service would benefit the agent network in terms of earnings and make it possible to make cash easily available for the last mile of the society via the agents

CMS Cash Pickup Services

This system allows food aggregators such as Zomato and Swiggy to deposit their cash at nearby stores rather than travelling long distances to their respective hubs or banks. Additionally, the cash collected would assist partners like LnT Financial Services
,Home Credit, BUNDL TECHNOLOGIES PRIVATE LIMITED, Swiggy, Zomato, DMI Finance, Margdarshak Financial Services, Xpressbess, Arohan, Hero Fincorp, SHRIRAM TRANS FINANCE COMPANY LTD, IDFC Hero Finco etc. in their EMI and cash collection business. The cash collected at the BANKIT-enabled stores will then be reflected in the bank accounts of these service providers via enablement done by BANKIT and Airtel.

LIC Premium Payment Portal 

BANKIT provides LIC Premium Payment Portal to its agents through which they can now help their customers with the payment of LIC Premium from their shops. Agents can make online LIC Payment through BANKIT’s Agent Portal and official app and earn attractive commissions. New LIC Policy Premium payment service of BANKIT is easy to use, convenient and reliable. This online and around the corner service of paying LIC Premium Payment will ensure fast and timely payment of LIC Premium.  

Credit Card Bill Payment

BANKIT has come up with a new service for its agents to make them start a credit card bill payment business from their shops. The pay credit card bill and earn service of BANKIT enables the agents to provide an extra service to their customers so that they can expand the prospect of their income. The credit card bill payment service of BANKIT is a fast and reliable mode of paying the credit card bills payment that offers convenience to both customers and the agents. To make the agents use this service, BANKIT offers a credit card payment portal that makes it easy to pay the bills of credit cards and digitalise one more service for the customers.