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| Home » Cash Management Solutions in India » Chandigarh |
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Cash Management Solutions in Chandigarh |
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In United States, cash management is a marketing term for certain services offered primarily to large business customers. In this global trend of cash management, the banks of Chandigarh are not an exception. They are after all, branches of some of the important operating banks in other cities of the country. The effective Cash Management Solutions in Chandigarh banks are responsible for the easy and hazard-free banking. Cash management is at the heart of working capital management. This is the chief determinants of efficiency for many corporations.
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There are a number of corporations opting for technologically advanced payment and receivables solutions with adequate controls. All the major national and international banks have their branch operating in Mumbai. Cash Management Solutions in Chandigarh is developed more than the rest of the country because of the presence of the national stock exchange and share markets.
The Oriental bank of Commerce has introduced “Cash Management Services For Corporate clients”. It offers IT enabled solution to the cash and receivable management for large corporate and business entities those who have business in wide spread areas. Cash management services and solutions are available both for collections of receivables at more than 250 direct deposit centers. Oriental bank of Commerce is an important bank Chandigarh. Following is a list of services provided by the Cash Management Solutions in Chandigarh :
Wide Area Network (WAN): the bank has alrady set up a strong and secured efficient enterprise Wide Area Network that covers approximately 1370 locations. This network is primarily a leased line based network with ISDN as a back up. The network is a three tier architecture.
Electronic Fund Transfer (EFT) or Electronic Clearing Services (ECS): this bank also offers Electronic Fund Transfer facility through 180 computerised branches across 15 centers. Under this facility the bank supports any customer of the bank, not only at the four metro cities of the country but also at other important cities of the country.
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