In the distributed business models, which many companies are using, cash management can become a real source of concern. Most of the Indian banks with their conventional model are not in as position to assist the clients in this regard. On the other hand modern and computerized Banks can take care of this challenge but are constrained by very limited number of branches and that too only in the larger metros.

In a typical scenario, such cash collections may be required to be made at 300 locations across the country. Obviously the model for this has to be flexible and innovative.

CSL has developed a special model for this service to the clients. The Networked Cash Management Service helps the client Bank collect cash and cheques at various locations across the country. The cash is then transferred through the unique system developed by CSL and is transferred to the principal account of the client before the cash hours of next working day.

The unique model can be further refined to meet other client requirements based on mutual discussions. For more details of this service and offerings, you can get in touch with out Business Development department.

This unique service is supplemented by the standard offerings of cash pick up and delivery at all the locations and also at the central location.

The reporting of the operations is done on continuing basis and also on day end basis as per agreement with the client.