Daily Deposit Collection App
Traditionally, collection of daily deposit is tedious and lengthy and involves making manual entries and preparing receipts. The collection agent can make a mistake in writing down the transaction data (A/c No., Amount, Date) on receipts. Moreover, the cash is not deposited in Customer A/c’s in real-time and there can be delays if the agent is not able to deposit the cash in Bank in time. There is also a possibility of fraud, as the agent can dupe Customers by writing wrong receipts, or hold on to collected cash for some days for personal use.
Sarvatra Daily Deposit Collection solution solves all these problems.
features
- Agent Mobile App: Pigmy Agents can collect cash from Customers using a Mobile App which is installed on Agent’s Mobile/Tablet.
- Customer Mapping: Only the Customer A/c’s assigned to an Agent are loaded in that Agent’s App.
- Data Capture Simplified: Agent collects amount from Customer, selects Customer A/c No. in app, enters amount, presses ‘Submit’ button.
- Real-time Transaction: Deposit transaction is processed immediately. Amount is credited into Customer A/c in Bank CBS in real-time.
- Electronic Receipt: Customer receives a ‘transaction success’ alert via SMS immediately.
benefits
- Simple and convenient transaction data capture and processing
- Portable devices ideal for Doorstep Banking and Financial Inclusion
- Rules out manual errors
- Fully online; transactions processed immediately in real-time
- Customer receives electronic receipt via SMS immediately
- No delay in crediting pigmy amount in Customer A/c
- Minimum risk of fraud
- Easy for Bank/Society to launch and rollout the system
- Real-time updating of CBS
I am happy with the pace of work (in developing the UPI solution for ICICI Bank). It is also very encouraging the way you are tracking the progress. I am more confident that we can meet the deadline successfully.
