Cash Management Services
As per The Reserve Bank of India directive on cash handling specifies that Banks can outsource activities such as Cash processing, Cash in transit, Door-step Baking, Cash Vaulting.
Checkmate offers dedicated cash vans to banks with armed guards, a driver and a cash loader for the daily cash transfer purpose of the bank.
CSPL’s currency processing centers operates as an extension of currency chests. They process cash at their hi-tech, state-of-the-art processing facilities, to meet the Central Bank’s clean note policy. Issuable cash is then delivered to branches for payments/loading in ATMs.
CSPL has 500-plus vans, 4000 trained guards, including gunmen for secure movement of cash and valuables, and vaults at various cities in India. The currency management services include picking up cash from branches-both intra and inter-city–and from the central bank.