| Banking Made Easy >> Multi Pay |
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ICICI Bank is a leading provider of Cash Management Services (CMS) to the Indian industry. Through our online Multi Pay platform, you can execute bulk payments such as vendor payouts, investor dividends etc, with a simple file upload and instruction on ICICI Bank Multipay.Multi pay simplifies your accounts payables process and the logistics of single-time bulk payments.
Multipay helps you leverage our large CMS network of over 350 major locations and another 900 locations through instruments based payments arrangements with correspondent banks.
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Multipay for minimal problems.
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• Issue of Bulk Demand Drafts/ Pay orders
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You can issue Bulk demand drafts/ Pay Orders, accept online
requests from customers and print beneficiary advice and dispatch.
Pay Orders/ Demand Drafts can be issued on various ICICI bank
and correspondent bank locations. It's a simple process with
low turnaround time and delivery.
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• Cheque Writing
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You can
• process large volumes of cheque in a short turnaround time.
• print beneficiary advice and dispatch
• make bulk payments.
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• At Par Payments
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You can avail services for the 'at par' payment of dividend
warrants / interest warrants/ refund order / redemption
payments/ brokerage payments. The process is simplified and
streamlined to ensure smooth flow.
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Benefits of Multipay include:
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• Cost Effectiveness
• Fast Turn Around Time
• Single file upload to effect multiple modes of payments
• Seamless and Secure data transfer.
• Partial Batch authorization and processing
• Printing and dispatch to the beneficiaries
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Registration process:
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Please contact your Relationship manager to register for Multi pay.
You need to submit the following:
• CMS I-Multipay application form
• Board Resolution / Partnership Letter / Proprietorship Letter
• Terms & conditions
• Certified copy of constitutional documents (MOA, AOA,
Partnership deeds, etc.)
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