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- Bulk Payment Uploads
Bulk Payment Uploads
A comprehensive solution for corporate customers to process various electronic and physical payments through a single file upload mechanism in PayPro. Customer uploads transactions in a specific file format for same day or future date execution. Supports NEFT, RTGS, IMPS, internal fund transfer, DD, cheque printing and cash delivery payment methods. Customer can avail cash delivery facility through PayPro at branch or corporate’s premises.
Features & Benefits
Single Upload File for Multiple Payment Instructions
Single upload file (in multiple formats) (Generic / Customer-specific formats) containing multiple types of payment instructions.
Beneficiary Master Validation
Beneficiary master validation, future-dated transactions, multiple file formats supported, encrypted file supported, and multiple payment modes supported in a single upload file.
Template Management
Template management allows users to create, save, and reuse predefined templates for seamless transaction processing.
Flexible Accounting Entries
Flexible accounting entries – payment mode-wise.
Corporate Administrative Rights
Administrative rights to corporate clients for conducting end-to-end activities independently at their end.
Single Window Access
Access to a single window for all the different payment modes.
Transaction Status Check
Facility to check the status of the transaction uploaded.
NEFT & RTGS Return Tracking
Tracking of returned NEFT and RTGS transactions.
Detailed Reports
Multiple reports containing the details of records, like status, UTR number, cheque number, amount, beneficiary details, etc., for the records processed.
Account Balance & Statements
Account balance inquiry and statement download.
Cheque Printing Facility
Print cheques at both CMS branches and customer locations.
Stationery Inventory Management
Manage continuous stationery inventory.
Seamless Data Processing
Seamless data transfer and processing of paper-based and electronic payment products through a single upload.
Real-Time Transaction Processing
Real-time processing of direct credit, RTGS, NEFT, and IMPS transactions following the defined cutoff timings.
Real-Time Alerts & MIS
Real-time alerts/MIS to the corporate once the transactions get processed/rejected at any stage. Real-time alerts to beneficiaries for successful transactions.
RTGS & Cheque Clearing Reports
Reports containing info on RTGS UTR numbers, cheque and demand draft numbers, and their clearing status.
CBSS Validations
Cheque clearing is done through CBSS validations.
Customisable Authorisation Matrix
Define authorisation through a parallel or sequential matrix.
How Bulk Payment Uploads service works?
Bulk payment uploads automate payments securely with real-time ERP integration for seamless transaction processing and reconciliation.
- 01
Corporate official logs in to Bulk Payment through Axis Bank website (CIB).
- 02
File Upload: Corporate official will upload the data on the Bulk payment portal.
- 03
Submit for Authorization -
- 04
The Authorisor logs in to CIB through Axis Bank website.
- 05
Authorisation Process: Authorisor selects the file / records and authorises or rejects the transactions.
- 06
Check Authorisation Status: Authoriser can check the status of transaction data authorized.
- 07
Segregation of data file: Using payment identifier / auto segregation logic, data is segregated for RTGS, NEFT, Direct Credit, Cheque/DD Printing.
- 08
Payment Execution: The Bank executes all RTGS, NEFT and direct credit instructions. Cheques/DDs are printed at the desired location along with the dispatch status update.
- 09
MIS: The Bank provides MIS to corporates and beneficiaries. An e-mail can be sent to the corporate and beneficiary.
