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Our Bank - a pioneer in offering best Cash Management Services has an exclusive setup named CAPS with state of the art infrastructure to handle entire collection and payment requirement of Corporates/Institutions. CAPS products and services are well accepted in the market and at par with any competitor Banks in terms of service level and efficiency. CAPS enhance the availability of funds.The tangible advantages are:- Enhanced liquidity, Cost reduction, Profit maximization, Effective control, Competitive edge and Efficient financial management & Smooth reconciliation, Customised MIS with Host to Host services, API/ Web Services and SFTP.
Collection Products
Uni Collect
The customers/Dealers deposits cash / cheque at any of our branches and these collections are credited to our clients account along with relevant MIS. The striking features are :
Uni eCollect
The Product combines the features of RTGS /NEFT. The dealers can send money for the credit of Corporates from other bank branches or from their accounts using Net Banking, Mobile Banking, IMPS etc. Under this, the collections are pooled at CMS Hub and credit is given to the client as per the agreed TAT. The highlights are :
Uni Direct debit
Customers of Bank's client, who maintain their accounts with our Bank can give Mandate to the Corporate for debiting their accounts with specified amount for specified period.
Hassle free collection of funds based on data provided by the corporates.
Uni eNACH A solution for repeated payments implemented through NPCI initiated NACH. A robust platform to handle large volume of repetitive payments in hassle free manner. Suppliers can give Mandate to the Corporate for debiting their accounts with specified amount for specified period. On Due date Corporate can send us the file of suppliers to be debited. The highlights are :
Uni Sweep Sweep means transfer of balance among accounts of the same company. This facility is very useful to the companies having large number of account across many branches of Union Bank across the country.
Uni Fee collection Educational Institutions like Universities, Colleges, Schools etc can avail the service which can be a combination of any of the above Collection products as required. Students/Parents can pay School fees, Hostel fees, Mess fees, Bus fees through UFCS (any time, any mode, any where).
Payment Products
Uni Credit Bulk payments of Corporates are routed through RTGS/NEFT, with instant credit to beneficiary’s account at any of our Branch as well as any other Bank. Funding can be made by Corporates through single instruction/RTGS/NEFT/Cheque. Reverse file for successful/failed Transactions will be provided for reconciliation. The highlights are :