Checkmate Services
Checkmate Services Pvt Ltd

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.

Cash in Transit

Cash in Transit

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.
Cash Processing

Cash Processing

Checkmate provides executives for manning cash counters. These trained operatives apart from handling the counter work also provide services like measuring of cash, disposal of cash and reconciling EOD reports as per client requirements.

Cash in Transit - Process Overview

Cash Processing - Process Overview

Our Clients

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