The features and benefits of cash management in HDFC are: It helps in monitoring exposure and reduce risks; proper timing of the disbursements; eliminating the idle cash balances; and ensure the timely deposit of collections. HDFC Cash Management Services (CMS) is one of the major thrust areas. Presently, HDFC boasts of possessing a large number of satisfied customers most of which are the top tier Indian Corporate and Public Sectors. This is primarily possible because of a robust and end-to-end cash management product that offers reliable and innovative solutions by the combination of an efficient Collections and Disbursements product. This service by HDFC is supported by state of the art systems for ensuring customized delivery.
There is a wide range of HDFC Cash Management Services products that cover Collections and Disbursements of operating flows, along with specialized cash flow streams like dividends, excise and sales tax payments, rights/public issue collections, interest/principal repayments, etc. The operation is done out of a large and quite expansive network of more than 198 outlets throughout India. This is the country’s largest online network that is electronically linked with the various branches in the country.
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