Core Banking

What is Core Banking Solution?
Core Banking Solution (CBS) is centralized banking solution , which enables Customers to operate their accounts, and avail banking services from any branch of the Bank . The customer is no more the customer of a Branch. He becomes the Bank’s Customer. Thus CBS is a step towards enhancing customer convenience through Anywhere and Anytime Banking. The customer should utilize cheque for availing ABB services.

How shall CBS help Customers?
All CBS branches are inter-connected with each other. Therefore, Customers can avail various banking facilities from any branch. The CBS offers customer the following centralized banking services

• To make enquiries about the balance; debit or credit entries in the account.
• To obtain cash payment out of his account by tendering a cheque.
• To deposit a cheque for credit into his account.
• To deposit cash into any loan or deposit account.
• To deposit cheques / cash into account of some other person who has account in a CBS branch.
• To get statement of account.
• To transfer funds from his account to some other account – his own or of third party, provided both accounts are in CBS branches.
• To transfer funds through RTGS/NEFT from any branch of the bank.

(*To safeguard the interest of customers, Bank has placed certain restrictions on the amount of transactions, which are handled through other branches under CBS. The details can be obtained from the branch).