Features

Account management services for Govt. Organizations :

• Payment Services
• Collection services
• Anywhere Banking services at all IBL locations.
• Collection of Govt. utility bills, municipal taxes or fees, electricity bills, application monies etc. through various offline and online modes.
• Collecting or Payee Banker for Bonds Issue programme.
• Interest Warrant, Dividend warrant, customer cheque, remote demand drafts, ECS, NEFT, RTGS.
• Opening LCs for import or export transactions, and foreign remittances.
• Salary accounts of employees
• Credit requirements.

Facilities

• At par cheque payable facility
• Instant online funds transfer facility to IBL beneficiary accounts.
• Local and outstation cheques collection facility.
• Online facilities for RTGS/ NEFT/ internal accounts transfer  .
• Bulk cheque printing facility for vendors or other payments.
• Competitive conversion rates for foreign currency.
• No minimum balance stipulation.
• Time bound guaranteed credit on local collections at over 250 locations and over 1000 outstation locations.
• Strong doorstep banking with cash and cheque pick-up and delivery facilities.
• Dedicated Relationship Managers.
• Daily account statement through emails.

Documentation

Mandatory Documents:

• Certified copy of notification/ order authorizing opening of account.
• Attested specimen signature of persons authorized to operate the account.
• Photograph of Authorized Signatories
• Proof of Identity of the Authorized Signatories.
• Proof of Communication Address of the Government Department