About Collect Now

With so many different payment modes and options available to everyone today, collecting payments for any institute can be a major hurdle. It can affect cash-flow, make reconciliation difficult and require precious hours to sift through different data sets to make sense of your payments. With HDFC Bank Collect Now, you can manage all transactions via a single, intuitive and user-friendly end to end solution.

It is the best-in-class payment/collection solution that caters to your daily transactional needs by bringing together all wholesale and retail collection modes in a single interface including cash collections in HDFC Bank branches that facilitate amount and account validation before acceptance. All of this comes with a simplified onboarding and hassle-free integration experience allowing you to get onboarded faster.

All you need to know 

Key Features

  • Simplified on-boarding and hassle-free integration experience allowing institutions to get onboarded faster for all online and offline collection modes:
    • Online modes: Debit Card, Credit Card, Retail Net Banking (50+banks), Corporate Net Banking, UPI, QR, Wallets, BNPL, etc
    • Offline modes: Point of Sale, Cash/Cheque/DD deposit in HDFC bank branch, eCMS: NEFT, RTGS, IMPS and Fund Transfer
  • Ability to validate amount and account before acceptance of offline collections i.e., cash/cheque from end payers in pan-India HDFC Bank branches
  • Identify payers paying through NEFT/RTGS (eCMS) with near real-time validations on account and amount
  • Get single settlement for all online transactions - this takes away the pain of three different settlement cycles followed for Cards, UPI and Net banking separately.
  • Reconcile better with single payout report for all online and offline collection modes including for transactions done on Point of Sale (POS)
  • Get access to self-serve dashboard and get power to generate UPI QR instantly and get multiple decals for various end customer touch points
  • Ability to split collections – it will provide greater flexibility for institution to collect fees for individual services, in a single transaction and get the amount settled in their multiple linked account
  • Get instant refunds on Failed UPI transaction initiated from POS
Card Reward and Redemption

Manage payouts

  • Easy way to pay vendors, taxes, bills, and bulk payments through corporate internet Banking.
  • Pay salaries from comfort for your office through hassle free and secured file upload
  • Bulk Cheque / DD Printing
  • Automated Clearing House (ACH) mandate
Card Management & Control

Frequently Asked Questions

HDFC Bank Collect Now is a single interface with all collection modes i.e. debit and credit cards, multi-NetBanking, UPI, BQR, wallets, NEFT/RTGS/IMPS, cash and cheque deposit in HDFC bank branches along with corporate NetBanking services for initiating disbursements.

Below are the online modes, offline modes and other services available:

  • Online Modes: Debit cards, credit cards, UPI, Wallet, Multi NetBanking including corporate NetBanking, BQR.
  • Offline Modes: eCMS (RTGS, NEFT, IMPS, FT), OTC (Cheque, DD, Cash deposits in bank branch), POS.
  • Other Services: EMI, Recurring Deposit, Instant Refunds, Split Payments, Paylater

Here are the key features:

  • Single interface with 15+ online and offline collection modes for your customers
  • Accept offline collections with account and amount validation
  • Split collections into your multiple linked accounts
  • Receive single settlement of all online collections
  • Reconcile better with single merchant payment report

Yes, institute can choose one or more modes, as required. However, if the customer wants add another mode in future, the same can be done.

Yes, you will be able to download a single payout report from the self-serve dashboard access that you will get once you get onboarded on HDFC Bank Collect Now.