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Client Profile
Organisation Name : Mailing Address

Registered Office Address

Contact Person: Tel.: Fax:

Mob:

Product Details:
Facility to be availed ARRANGEMENT
PRODUCT CHARGES
mention Yes/NO (DAY)

1. CMS Cheque Collections :

Local Collections (LCT)
HDFC Bank Fund Transfers (HBTRF)
Sprint Collections (NET)
Sprint Collections (NMM)
Rapid Collections (RAPID)
Express Collection (EXP)
Clean Collections (CLE)
Post Dated Cheque Collections
(POSTDC / BULK)
2. Cash Collections (CASH)
3. Electronic Collections through RTGS/
NEFT/FT/IMPS - (eCMS)
Note : 1. Date of depositing of instruments within cut off time is Day ZERO
2. For Rapid Collections Date of depositing & lodgement in clearing is Day ZERO.
3. Column “Facility to be availed – mention Yes/No” denote type of facility to be availed by customer under cms. Relavant
T&C points will be accordingly be applicable.
MIS Instructions
Daily Reporting Monthly Reporting
Email Id
Payment Instructions
Credit the collection Proceeds to the Pay the collection proceeds by Pay Order/RTGS/NEFT
Current A/c favouring Bank A/c
IFSC code of the applicant
Other Charges
Charges for Instruments returned unpaid Rs. per instrument in addition to collection charges.
Interest payable to the Bank whenever the Bank is out of funds due to extn, of above services will be @MCLR + %p.a.
+ interest tax.
Courier despatch charges @ Rs. per instrument or Rs. per day per packet
destination.
Courier Pickup charges Rs. per location per month within city limit & outside city limit would be as per actual.
Minimum charges per instrument Rs. Minimum charges per month Rs.
Service Charges shall be paid monthly by:
Debit to the Current account at the Pooling branch Cheque/Draft on receipt of monthly statement
Deduction from the collection proceeds

Enclosure
Board Resolution List of Centres Duly Accepted Offer Letter

Agreement
We the undersigned request the opening of a current account at Branch as the Pooling Branch for availing the
above services. We have acquainted and are familiar with terms and conditions for extending these services which are printed on the reverse of
this application and hereby agree to comply with the said terms and conditions. We also agree to pay the service charges stipulated above.
Further, the bank reserves the right to revise/modify the service charges and other terms and conditions stipulated, without notice and without
assigning any reason therefore.
Signature of the Applicant as per mode of operation and Company’s Stamp Name:

Date: Designation:
 TERMS & CONDITIONS
1) CMS Cheque Collections
We place on record that at our request you have offered us your service known as HDFC Bank Ltd. Cash Management service under which HDFC bank Ltd.
Will agree to present in clearing account payee cheques and drafts and enable us to get credit for the amount of these cheques and drafts quickly from the
branches of HDFC Bank Ltd and those of its correspondent bank/s to our central pooling account mentioned overleaf, as you in turn get credit from the clearing
house of Reserve Bank of India/state Bank of India for the amount of such cheques in the respective cities.------------------------------------------------------------------
We agree that the above mentioned service will be made available to us in the manner and subject to the terms and conditions set out below:
1. HDFC Bank Ltd. Shall accept account payee cheques and drafts expressed to be payable to us at the locations mentioned overleaf or and shall use its
best endeavors to ensure that our central pooling account is credited as per our arrangement mentioned under the heading ”Arrangement”. Until these
cheques and/or drafts are deposited with the bank acknowledged by an authorized signatory / letter of HDFC Bank Ltd. at the Bank’s concerned branch,
the same will be at our sole responsibility. In case, the day of credit/payout as mentioned under ”Arrangement” overleaf happens to be a holiday at the
Clearing location and/or Payout location then the credit/payout will happen on the next working day. -------------------------------------------------------------------
2. We also agree that the aforesaid service will be provided for only in respect of cheques and drafts pertaining to our sales collections (cheques and drafts
collected from dealers, distributors, selling agents, etc.) and shall not cover or be extended to any other payments or receipts of any other nature whatsoever.
3. At centres where the Bank does not have its branches, it shall be open to the Bank to utilise the services of any-other bank as agent for collection of
instruments on behalf of the company at the sole risk of the company. The instruments will be sent thru an officially nominated courier by the Bank at our
own risk and responsibility.-----------------------------------------------------------------------------------------------------------------------------------------------------------------------
4. We further agree that HDFC Bank’s obligations contained in Clause (1) above will be subject to any occurrence resulting in prevention from or delay or
interruption in performing its obligations if such prevention delay or interruption is due to factors including but not limited to civil commotion, sabotage,
lockout, strike or other labour disturbances of any kind interfering with or affecting the normal functioning of the Bank or of the clearances of cheques of
drafts, accident, fires, flood, explosion, epidemic, quarantine restrictions, damage to plant or the Bank’s Facilities, absence of the usual means of
communication or transportation, or any other cause, whether of the same or a different nature, unavoidable or beyond the control of the bank and bank
shall not be deemed to be in default so long as any such cause or the effect there of persists and during a reasonable period thereafter within any such
obligations capable of being fulfilled.-----------------------------------------------------------------------------------------------------------------------------------------------------------
5. We hereby undertake, agree and confirm that any Reserve Bank of India Cheques/Pay orders issued by HDFC Bank under this service will be used to lower
our overdraft at any of our consortium banks. We further undertake that to the extent of the normal percentage of the return cheques, we will ensure that
we- have unutilized CAM Limits. -----------------------------------------------------------------------------------------------------------------------------------------------------------------
6. It is expressly agreed and understood that nothing contained in this agreement shall be deemed to constitute an agreement on the part of the Bank for grant
of overdraft or any other form of credit facility by the Bank to us with respect to the amount of the cheques or drafts covered by the services. In the event of
any incidental, concealed or temporary overdraft which may be occasioned or which may result due to return cheques we hereby agree and undertake to
liquidate the overdraft the day following the day on which it occurs and in the event of delay in liquidating the same to pay interest at the rates mentioned
overleaf or commercial lending rates of the bank, whichever is higher.--------------------------------------------------------------------------------------------------------------------
7. We hereby agree that if we fail to liquidate the overdraft which may be occasioned , as aforesaid the following day after it occurs the Bank shall notwithstanding
anything to the contrary contained in the other documents that may have been executed between us and the Bank for any purpose whatsoever or any other
understanding or in any law, have the right to set off and appropriate the liability against or out of any other accounts/funds belonging to us including the
amount of any further cheques or drafts which may be deposited by us with HDFC Bank under terms of this agreement.--------------------------------------------------
8. The Bank shall be entitled to reverse any credit entry consequent to the return of the instrument unpaid if the same has already been credited to the company’s
current account at the pooling branch/non-operative current account at any branch of the bank. In the eventuality of non-realisation of any outstation collection
sent to our correspondent bank, the Bank will be entitled to debit ourcurrent account after expiry of ___________ days from the date of receipt.----------------------

2) CMS Cash Collections

We agree that the aforesaid service will be provided for only in respect of CASH pertaining to our sales collections (Cash collected from dealers,
distributors, selling agents, etc.) and shall not cover or be extended to any other payments or receipts of any other nature whatsoever.
In consideration of HDFC Bank Ltd; consenting to make an immediate credit / as per agreed arrangement mentioned under the heading”Arrangement”
overleaf happens to be a holiday ,then the credit/payout will happen on the next working day of the full exchange value of notes/coins presented from
time to time by us, at your Branch and/or at any other Branches of the Bank, which the Bank is unable to immediately take up for examination, we
hereby agree to abide by the conditions imposed by the Bank and/or by its officials concerned in such cases, and at once to make good, without
demur, any deficiencies that may be found to exist in such tenders either in stale or in uncurrent or spurious coins or in imperfect or otherwise
unacceptable notes. In respect of any Branch of the Bank, this undertaking will remain in force until such time the bank is notified in writing to H.O.
and duly accepted by the designated officials of the Bank either by us or by you, that we have revoked the same.-----------------------------------------------

3) eCMS Collections
1. eCMS wherever used in these terms and conditions shall mean services offered by HDFC bank to its customers including funds transfer/Collection
Services (NEFT/RTGS/FT/IMPS) facility and any other services being made available from time to time, and shall also include all modifications of such
services as HDFC Bank may make from time to time.
2. For eCMS funds will be credited as per our arrangement mentioned under the heading “Arrangement”. Incase,the day of credit/fund transfer as
mentioned under “Arrangement” overleaf happens to be a RTGS/NEFT/IMPS holiday then the credit will happen on the next working day.---------------
3. If the customer notices an error in the information provided to HDFC Bank in any communication, it shall immediately notify to HDFC Bank and HDFC
Bank will rectify the error wherever possible on a “reasonable effort Basis”. In the event of customer receiving incorrect credit at any time whatsoever,
the Customer shall be liable and continue to remain liable to HDFC Bank for any unfair or unjust gain obtained as a result of the same.
4. We also agree that the aforesaid service will be provided in respect eCMS pertaining to our sales collections from dealers, distributors, selling agents,
etc. and shall not cover or be extended to any other payments or receipts of any other nature whatsoever.

4) General T&C points applicable to all cms/ecms product/services

1. The Customer agrees that the Customer shall indemnify and hold HDFC Bank , its officers, directors, agents & employees harmless against all
actions , claims , demands proceedings, losses , damages, cost , charges and expense whatsoever which HDFC Bank may at any time incur,
sustain, suffer or be put to as a consequence of or by reason of or arising out of providing any of the Services or due to any negligence/mistakes/
misconduct on the part of the Customer or breach or non -compliance by the Customer of the Terms and Conditions stipulated herein relating to
any of the Services or by reason of HDFC Bank in good faith taking or refusing to take action on any instruction given by the customer.-------------
2. This services may be discontinued by the Bank by giving one month’s prior written notice to the Company without assigning any reason whatsoever.
This services may be withdrawn by us by giving one month’s prior written notice provided that such termination shall not affect our liability under
the said terms and conditions. ------------------------------------------------------------------------------------------------------------------------------------------------------
3. The process flow is exclusive of intervening bank holidays, Sunday & other bank holidays
4. We further agree that any disputes arising under this services shall be governed by Indian laws and subject to the jurisdiction of the Courts in
Mumbai