Here are the details of our Business Alliances/Business Partnership.
ICICI Bank Business Banking
ICICI Bank has partnered with Citta to give our clients seamless banking experience through Connected Banking, a platform for making payments to your vendors and automate reconciliation of your accounting entries.ICICI Bank is a leading private sector bank in India. The Bank's consolidated total assets stood at Rs. 13.77 trillion at March 31, 2020. ICICI Bank currently has a network of 5,324 branches and 15,688 ATMs across India.ICICI Bank's API Banking Services offers Citta a full range of receivable, payable and reconciliation services to meet Corporate's complex cash management needs. Payments received from various entities and made to suppliers are efficiently processed to optimize your cash flow position and to ensure effective management of the operations of Corporates business.
They are approved as a sponsor bank by National Payments Corporation of India (NPCI) for using "National Automated Clearing House (NACH)" e-Mandate System which would facilitate usage of making bulk transactions towards distribution of subsidies, dividends, interest, salary, pension etc. and also for bulk transactions towards collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds, insurance premium etc.
Important Details of Alliance:
Connected Banking benefits to common customer :
1.Direct banking access to common customer from ERP platform.
2.Banking & Accounting in single platform. No need to toggle between two platforms.
3.Completely secured and works on pre-defined authorization matrix.
4.Access to ICICI Bank & ERP specific offers.
5.Instant and paperless one-time registration. (Nil Charges)
6.No need to visit Bank for direct integration or transactions Processing.
7.Hassle free recon-saves Time.
9.Saves Manpower effort & cost.
10.Improved operational efficiency.
11. Access to ICICI Bank's NACH e-Mandate System Services which would:
1.CIB API (RTGS, NEFT, IMPS & Funds Transfer), Vendor Payment, Bill Payment.
2.Bulk Payment – If applicable
1.Current A/c Opening API
2.Registration API & De-Registration API
4.Balance Check API
6.E-KYC APIlearn more