NIFT acknowledges the hard work that their partners put in to transactions before sending them to NIFT for clearing. Concerned with relieving their workload, NIFT offers bureau services for a smoother clearing process. Many tasks that were previously attributed to bank employees, such as reconciliation, system input and error correction, can be undertaken by NIFT’s experienced staff.
There are myriad benefits to outsourcing the clearing process. Charges are flexible, and can be tailored to the partner’s needs. Multiple processing shifts are possible with workload management. Exciting optional add-ons such as cheque truncation and image-based clearing facilities, can be arranged. Most importantly, in addition to being aligned with NIFT’s processing structure, the services can also be integrated into the bank’s system. This indispensible tool shapeshifts as per your needs.