is Corporate Net Banking.
Net Banking with
Transaction facility for the corporate
customers like Partnership Firm, Pvt. Ltd.
Company , Limited Companies, Trust, Society
2. What is the
Difference between personal and corporate
In personal multiple
accounts can be operated by a single person
but in corporate Single Account can be
operated by multiple person according to
their Role and initiating Amount.
3. What is Role
in a corporate?
Role May be Example
: Chairman, Managing Director, Director,
Chief Financial officer, Director, Senior
General Manager, General Manager, Manager,
Clerk, Auditor. The Role may be as per the
wish of the corporate.
What is initiating Amount?
Initiating Amount is
the amount up to which the Corporate user
can initiate a Transaction without another
Why approval and explain.
Example for approval :
Clerk initiate transaction and officer
approves the Transaction.
Similar way as per the
deed /Resolution if a user initiates a
Transaction more than the initiating amount
, The transaction goes to the next or same
Hierarchy level for approval.
6. Explain Viewing
of accounts and operation of accounts ?
All accounts in the
corporate is having view facility for all
the approved users . Transaction can be
initiated only to the accounts that are
mapped to the authorized users.
Whether can we request to Link two
Customer ID of
under a single corporate ID.
No , It is not
possible to Link customer IDs of Different
entities under a single corporate Id
the company /Partnership firm “ABC LTD” and
“XYZ Ltd” having the same partners /
directors can we request to add both the
Firm under a single corporate ID?
No you should not
request add the different firms under the
single corporate ID, Because each firm is
separate legal entity.
9. Can We request
to add Multiple Customer ID having the (same
entity/Name and operating power) of
Different Branches under a single corporate
Yes you can do.
What are the details that are required
while submitting corporate net Banking
application form along with Board Resolution
or Partnership Deed as per the sample in the
application form. Note: Resolution or
Partnership Deed should be in the letter
head of the company.
What are the facility available for
corporate net banking.
At present the
following facilities are available for
corporate net banking:
1.Transfer to own
accounts with in the corporate Id without
2. Transfer to other
3. Transfer to other
Bank Accounts through RTGS/NEFT
4. Cheque Book Request
5. Account Statement
6. Stop Payment and
Revocation for Stop Payment
7. Bill Payment
facility , TNEB payment Facility, Online
How many Pin (Password) is available for
Like personal net
Banking one Login ID, one Login Password and
one Transaction Password along with one
corporate ID should be entered in the
corporate net banking Login window.
13. Which Link
should the Old corporate net banking
customer (with out transaction facility)
They have to choose
Personal net banking.
A corporate customer already having Net
Banking without Transaction facility has
applied for the New Corporate net Banking.
whether his access to net Banking will
affected after getting the New corporate net
No. It is not affected
and they can continue to use the old Net
Banking But should choose” personal net
Banking Login “.
Partnership firm with 2 partners where all
transactions initiated by one partner has to
be approved by the other .Can this be
incorporated in corporate net banking.
Yes. For partnership
firm we can configure in such a way that for
all transactions initiated by one partner is
approved by another partner with in the
Whether bill payment can be done through
corporate net banking?
corporate net banking users can pay utility
Bills with in the initiating amount for the
accounts mentioned in the application form..
What is the Maximum amount that can be
Transferred using corporate net Banking?
There is no Limit for Transfer
within the accounts of the Corporate ID
Maximum of Rs. 10 Lakhs can be
Transferred using the Service, Transfer with
in CUB, Transfer to other Bank using RTGS/NEFT
and Bill Payment. (Combination of the above
three should not exceed the Corporate Limit
of Rs 10 Lakhs)
18. What is the
option available to get a Duplicate Password
for corporate users?
Corporate users can
use the Forgot Password option in the
Corporate Login Screen. They have to fill
the Corporate ID, User ID, Base Branch ,
First Name and choose the type of password
required. Or give a request to the Branch as
per the form.
Can more than one person be administrator
Yes, if the corporate
need we can configure.
20. What is the
use of admin role in corporate?
At present Admin can
restrict the Transaction time and can
restrict a user from accessing the Corporate
List of Users are more than specified in the
application form , what should I do.?
Customer can use their
Letter pad for filling more users with the
same structure provided in the application
Whether Email Id of the user is mandatory?
Yes E-Mail Id for all
the users is Mandatory.
While paying Bill which link should I choose
after redirection happen to
Personal Net Banking
with Transaction facility should choose
“Personal Net Banking” and New corporate net
Banking customer have to choose “Corporate
Whether the Pin Mailer will be delivered
directly to customer Like personal net
No Pin mailer for
corporate will be forwarded to Branch and
customer have to collect the same from the
25. Whether view
facility for all accounts available? , and
what about the newly opened accounts under
the Customer ID?
All accounts under the
corporate can be viewed by all authorized
users including the newly opened accounts.
If a account is opened today the same can be
viewed on the next day.
26. If a corporate
customer opened new account ( CA/CCOD) under
the same customer ID how should they get
Transaction facility for the newly opened
They have to submit new
application form along with the deed or
27.Can I add
personal Savings account of MD into the
corporate net banking ?
No you should not add
deed or Board resolution mandatory?
Yes . without the
resolution application will not be
30. Is approval
Required for all types of Transaction as
specified in the Matrix ?
All transaction Except
Bill Payment have to be approved ( Like
Add beneficiary, Transfer with in CUB
,Transfer through RTGS/NEFT) For fund
Transfers If amount exceeds the initiating
amount it has to be approved according to
the Matrix specified in the application form
. IF Number of approvers is ZERO no approval
is Required if the Transactions with in the
31. If a corporate
user having “0” approver initiate a
Transaction more the initiation amount what
It will get rejected by
32. If a user try
to pay a utility Bill more the initiation
amount what will happen?
It will get rejected by
33. If a auditor
having no Transaction facility Try to pay
utility Bill or Funds Transfer what will
It will get rejected by
How to fill the application form?
In the first Page:
- 3 rd Line you have
to fill the Mandate or Board resolution
Tick the constitution
- Authorised persons
have to be filled by the corporate.
These persons are same as per the
Partnership deed or as per the Board
- Fill the correct
corporate Id after creation of the same
- Fill the List of
customer ID. All the customer ID should
be in the same Name and operating powers
- Fill the Corporate
Address : E-Mail Id and Mobile is
- Fill the per day
aggregate Limit it should not exceed Rs
- Fill the
Designation Roles of the Corporate and
approver Details and Total of the
approvals needed for the transaction (
see the Sample filled application form
- Fill the Name of
the authorized users and Accounts for
which transaction to be given for the
users. E-Mail ID is mandatory. Obtain
signatures of all users. Enter the
correct Hierarchy Level as per column 7.
- Fill the corporate
Admin Details with signature and E-Mail
ID. The admin user should be one of the
- Obtain signature
from all authorized users and common
seal of the company.
- Submit necessary
Deed or Board Resolution in the
company’s letter head as per the sample.
- Obtain Seal and
signature in all Terms and Condition