Payments

ICICI Bank offers payment solutions that cater to all the requirements of a corporation. The payment product suite includes bulk disbursement solution through Integrated Payment System, Internet-based cheque writing which facilitates printing of instruments at your own office and Payable at Par solution for payment of dividend, interest and for redemption.

Key Features

Payment solutions of ICICI Bank offered through Integrated Payment System (IPS) not only offers multiple modes of payment but also facilitates functional, operational and financial benefits like:
  • Single file upload to effect multiple modes of payments
    • Physical modes include cheques, demand drafts
    • Electronic modes include direct credit to ICICI Bank account holders, RTGS, NEFT and Bulk IMPS.
  • Web-based access for uploading and authorising printing requests
  • ERP extractor for extracting data directly from the ERP system
  • Host-To-Host connectivity for Straight Through Processing of transactions
  • Data encryption for enhanced security
  • Partial batch authorisation and processing
  • Dynamic signature printing
  • Printing of instruments and dispatch to Client office.
  • Tracking of dispatches
  • Advices over e-mail to beneficiaries
  • Customised annexure printing for cheques
  • At par cheques payable at over 700 locations
  • Customised MIS