Products and Services of IDBI Bank

Can you tell me in detail about the Debt Service Products under IDBI Bank Debt Services offered by the Bank for its customers?

[pawan]

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. It offers personalized banking and financial solutions to in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India.

Debt Service Products - IDBI Bank Debt Services

Debt Service Products under IDBI Bank Debt Services offered by the Bank for its customers include servicing of Interest payments, Dividend servicing, redemptions and refund (IPOs, FPOs and Right Issues)

In its quest for excellence, bank has developed a new process by which the Debt Servicing business will get a new dimension.

This system helps in giving on line reconciliation for all the warrants issued on IDBI Bank locations. At any given point of time, a list of all unpaid warrants, tallied with outstanding balance can be provided.

Brief Features:

Online Validation as warrant module in-built in Core Banking System

Scanned Images of paid Warrants with query module

Instrument Level Debits for online reconciliation

Paid/Unpaid status of warrants matching with the account balance, on demand

Immediate Stop Payment for warrants issued on IDBI Bank stationary