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Streamline Large Payouts

 

Bulk Disbursements (IPS) enables corporates to disburse high-volume funds securely nationwide via multiple payment modes (FT, NEFT, RTGS, IMPS, DD, Cheque), with single file upload, parameterized reports, seamless alerts for corporates and their beneficiaries, and complete system integration using host-to-host services.

FAQs

What is Electronic Based Bulk Payments?

It is an integrated digital system for high-volume payouts through RTGS, NEFT, IMPS, or internal fund transfers nationwide.

Who can use this service?

Only approved corporate clients with a valid IPS setup and channel registration.

What documents are required?

Channel Registration Form, CMS Application Form, Board Resolution/Workflow Letter, and any H2H/STP letters if needed.

How secure are transactions?

All files are encrypted; duplicate checks, customised narrations, and secure workflows ensure safe processing.

Can I reinitiate transactions?

Yes, clients can reinitiate or cancel transactions held due to insufficient funds directly from the Bank’s site.

FAQs

What is Paper Based Bulk Payments?

It’s a bulk disbursement solution using cheques or demand drafts. Cheques can be printed securely at Bank or client locations.

What modes are available?

Cheque printing at ICICI Bank branches, Internet-based cheque printing at client premises, and DD printing at Bank branches.

What documents do I need?

CMS Application Form, Board Resolution/ Worflow Letter, Channel Registration Form for CIB access, Signature Card (required for signature capturing on instrument)

How is fraud prevented?

Positive Pay validation, duplicate checks, and secure dynamic signature printing help prevent fraud.

Can I customise cheques?

Yes, you can add customized debit/credit narration, advice notes, and signatures dynamically.

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