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Cash Management Services and its Importance
Exact thresholds & timings?
RTGS Rs. 2 lakh minimum, 24×7 since Dec 2020; NEFT 24×7 since Dec 2019 in half-hourly batches; IMPS Rs. 5 lakh cap; UPI Rs. 1 lakh general / Rs. 5 lakh tax-insurance-secondary-market.
Rebranding?
BBPS is now Bharat Connect (NPCI Bharat BillPay Ltd, effective Dec 2024).
Use-cases?
FMCG distributor collections, dealer financing, supply-chain finance via TReDS, PTPFC / ULI for invoice-linked credit.
L — Optimise Liquidity — Stands For / What the Bank Does?
Stands For: Right amount of cash at right place at right time; What the Bank Does: Sweep accounts, fund pooling, intra-day overdraft
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