Central's Cent QCC

Cent QCC services offer faster collection of out station cheques drawn on 345 locations enhancing liquidity and better Cash Management with assured credit on Day 7 at lower cost. Under this services, Correspondent Bank deposits cheques at any of our 9 CMS Branches and 22 QCC locations.

• Cent Non-QCC : Cent Non-QCC services are available on more than 2000 locations with assured credit on Day 12.
• Cent Express : Cent Express services offer collection of cheques drawn on 110 major Metro and Urban locations with assured Day 4 credit.
• Cent Instant : Cent Instant services offer Day 1 credit for cheques drawn on our 345 locations. Date of deposit in all cases is treated as Day-0.

Local Cheque Collection (LCC) services:

Under this arrangement, Local Cheques are deposited by representative of correspondent Bank/Corporate clients at the respective location with our branches before cut off time fixed for clearing (Day 0) and the clear funds are pooled at Nodal Branch, Mumbai on Day 2 by fax TT for payment to corporate/ correspondent banks.

Bulk Local Cheque Collection (BLCC) services :

Post dated cheques of small value in large number are collected through our various locations as per correspondent Banks/corporate clients requirement. Under this arrangement the clear funds are pooled at Nodal Branch and credit is given on weekly basis / as per arrangement.

DD Drawing Arrangement :

Correspondent Banks print the DD’s in favour of their customer at their cost and stationary on our 575 specified branches. Funding is made to the Nodal Branch on next working Day through RTGS alongwith list of DD’s issued. Nodal Branch prints the advice and send to the specified branches on the same day. On presentation of Draft, the specified branches pay the same on the basis of Signature album and advice.

At Par Payment Of Dividend Warrants / Interest Warrants.

Correspondent Banks with Mandate from their corporate customers make funding to our Nodal Branch, one day before Date of Dividend Warrant / Interest Warrant. Bank has selected 300 locations for payment of this facility.

TT Payout Arrangement.

Corporate clients/ Correspondent Banks make funding to the Nodal Branch through RTGS and furnish list of beneficiary alongwith list of locations for remittance through TT. The remittance is made to the concerned branch by 3 P.M. on the same Day / Next day 11 A.M. and accordingly the beneficiaries account maintained with paying branches is credited.

Pricing

Pricing is variable depending on the monthly volumes, average cheque amount etc.

For further details/clarifications please contact nearest Central Bank Of India branch or any of 9 Cash Management Services branches and 22 QCC Centers. Customers may also contact any of the following officials.

1. Senior Manager
   Cash Management Services Branch,
   Fort, Mumbai- 400023.
   Phone No.022-22695070
2. Chief Manager
   Cash Management Services Department
   Central Office, Fort, Mumbai-400023.
   Phone No. 022-22625141/22620241
   Tele Fax. 022-022653141
3. General Manager (Operations)
   Central Office, Chandermukhi Building,
   Nariman Point, Mumbai-400021.
   Phone No. 022-22027981/66387720.
   Fax No. 022-22027294