Bulk Collection is the active cash collection service in which a corporate customer (as a Payee) can request the bank to credit its account with the amount collected from accounts of their various individual and/or corporate business partners (Payers). These Payers must have signed debit mandate(s) to authorize the bank to direct debit their accounts in order of the Payee.
Introduction
Eligible customers
Organizational customers do not use Firm Banking service when making banking transactions.
