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Home > Corporate > Fund Based assistance > Debt Service Products

Debt Service Products - IDBI Bank Debt Services



Debt Service Products include servicing of Interest payments, Dividend servicing, redemptions and refund (IPO’s, FPO’s and Right Issues)

In our 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:

      Bullet Online Validation as warrant module in-built in Core Banking System
      Bullet Scanned Images of paid Warrants with query module
      Bullet Instrument Level Debits for online reconciliation
      Bullet Paid/Unpaid status of warrants matching with the account balance, on demand
      Bullet Immediate ‘Stop Payment’ for warrants issued on IDBI Bank stationary
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