State Bank Collect - A Multimodal Payment Portal

‘State Bank Collect’ facilitates our Corporate Internet Banking (CINB) customers to receive online payments from receivers of their goods & services. Our CINB customers need not maintain a website. Payer of the Corporate has to just click on ‘State Bank Collect’ and choose the Corporate for which payment has to be made, fill up particulars of goods/services towards which payment has to be made and make the payment through one of the several options displayed to him on a Multiple Option Payment System (MOPS) page.

An illustrative List of online services (purposes) for availing the facility is given here under:

1. Collection for goods and services supplied by Firms/Corporates/Institutions.
2. Fee collection by Educational Institutions.
3. Collection of dues by Government/Quasi Government Bodies.
4. Local taxes like water tax, house tax, electricity bill etc. by Semi Govt. bodies.
5. Collection of Recruitment fee.
6. Donations to Charitable Institutions/Religious Institutions.

Payment Modes Available

In order to make the product broad based, the following options of payment have been made available on the Multi Option Payment System (MOPS) page:

1. Internet banking platform of SBI.
2. State Bank ATM cum Debit Card.
3. By Cash/Cheque at SBI Branches.
4. Other Bank’s Debit card.
5. Credit Card.
6. Internet Banking of other banks (including SBI’s Associate Banks).

Click Here for State Bank Collect

Courtesy: SBI