Our Bank - a pioneer in offering the best Cash Management Services has an exclusive setup named CAPS with the state-of-the-art infrastructure to handle entire collection and payment requirements of Corporates/Institutions. CAPS products and services are well accepted in the market and at par with any Bank 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 with Smooth reconciliation, Customised MIS & Host to Host services/ API/ Web Services/ SFTP.
Uni Collect
The customers/Dealer’s 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:
Enable corporates to collect fund from their clients/ dealers.
Collection includes cash deposition and local cheque collection.
Services are available at all Union Bank of India branches.
Assured credit as per agreed TAT.
Customised MIS is shared via mail / host to host integration /SFTP / API.
Uni e-Collect
The Product combines the features of RTGS /NEFT/IMPS/UPI. 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:
MIS to corporates on fund collected from their clients/ dealers through NEFT, RTGS IMPS,UPI.
Inter Bank online solution for high value payments based on virtual account method.
This product secures the privacy of the beneficiary as collections are done only through Virtual Account Number which is shared with Sender.
Hassle free reconciliation using the MIS with an option to sync with the corporate ERP.
Uni Direct debit
Customers of Corporate/NBFC who maintain their accounts with our Bank can give Mandate to the Corporate for debiting their accounts with specified amount for specified period.
Corporates can have repetitive collections based on mandates issued by their customers having account with us.
Hassle free process of Mandate Registration with an unique mandate reference number.
Hassle free collection of funds based on data provided by the corporates.
UNI MMS
Under NACH Debit arrangement, Corporates/NBFCs/Insurance/Asset Management companies are provided with Utility Code/s allotted by NPCI. The physical mandates or scan images provided by Corporate are registered with NPCI after confirmation of destination Bank. Post registration, the transaction files are submitted in clearing for debiting various accounts of other Banks and the funds are pooled and credited to the respective corporate accounts as per agreed terms.
NACH/ e-NACH
Salient features: -
One-time registration through NPCI
Corporate induced collection no dependency on payer
Highly scalable and flexible features
Voluminous processing with seamless settlement
T Day MIS facilitation aids in follow ups for recovery
Transactions initiated on a Digital Mode
Transaction files can be processed from ERP through H2H/API
Enhancing the traditional paper-based process NPCI’s E-Mandate enables instant, secure, and cost-effective digital mandate registration, reducing time and operational effort. Once registered, all transactions are processed through NPCI’s NACH clearing system, ensuring reliability and efficiency. The highlights are:
Union Bank will pool the total amount of successful debits to corporate’s a/c along with transaction level MIS.
Union Bank provides real time updates and periodic MIS through host to host services /API/Mail.
Real time updates provide Auto Recon facility.
Uni Sweep
Sweep means transfer of balance among accounts of the same company. This facility is very useful to the companies maintaining large number of accounts in various branches of Union Bank across the country.
Corporates use collection accounts at multiple centers and base (pooling) account at one center.
Corporates can enjoy hassle-free transfer of their funds to their pre-defined base account.
Balances in secondary accounts will be transferred (Swept) to the primary account at pre-determined periods.
These transfers are effected without any manual intervention.
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, anywhere).
Single credit to Institutional account at any Branch backed by robust MIS on fee collected by each student.
Specially designed for multi-channel collection.
One-point query resolution.
Easy reconciliation by Institution of fee paid by the students.
Ensure hassle free collection of receivables for the Institutions.
Gateway facility available.
BBPOU -Bharat Bill Payment Operating Unit
BBPS services can be availed by the service providers who collect their due Bills/payments from customers/ consumers through BBPOU. BBPOU is a secure and reliable platform by NPCI that enables customers to pay all their utility bills/other payments of repetitive in nature at one place. It offers seamless bill payments across banks and digital channels with multiple payment options.
