Sunday, January 23, 2011

Current Account for Banks


We have a special relationship with over 1000 Co-operative Banks/Private Sector Banks/MNC Banks/Public Sector Banks across the country. We have a dedicated business unit to take care of the banking requirements of these Banks.


One of the fastest growing New Generation Private Sector Banks presently having more than 850 branches / outlets and 3,700 plus ATM's which are interconnected to each other on a Real Time Online mode giving you the convenience of having a bank account in any of the more than 500 locations where we have our presence


We offer the following services under Correspondent Banking arrangement.


  • Payable at Par-Cheque Drawing Arrangement
  • Up Country Cheque Collection (UCC) - At all Axis Bank locations. Collections at our Correspondent Bank's locations and Remote locations can also be availed under Cash Management Services (CMS) arrangement.
  • Remote Pay Outs
  • Constituent's Subsidiary General Ledger Account
  • Corporate Demat Account
  • Foreign cheque collection
  • Collateralized Borrowing & Lending Operations (CBLO)
  • Trading in Government & Corporate securities



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