Micro Finance Field Collection Palmtec Machine with GPRS
Palmtec for Field Collection in Banks & NBFCs In India, Rural Co-operative banks and Gramin banks have vital role in the mass-banking. Most of them have a system of Daily Deposit Collection, for which bank agents go to door -to- door and collect money from shopkeepers, farmers and housewives on a daily basis. They give receipt against each collection and they are supposed to remit this amount at bank the very next day. However, due to various reasons, this remittance and related updation of data rarely happens. This ultimately leads to mistakes, misunderstandings and more over malpractices. Computerisation of the bank alone cannot solve this. They need a system that can give receipt on the spot, capture the data and later download to the banking software, without re-entering. More over, the balance in the account of each customer should be made up-to-date, and that should be printed in the next day's receipt. This is where, Palmtec plays an important role.
The collection agents can download the details of the customers, before going to the field. Receipts can be generated against each collection, with date, time, serial no., amount paid, balance position, agentâ€™s ID etc., from Palmtec. End of the day, agent can transfer this data to PC at the office. Simultaneously the balance position will get updated back to the Palmtec memory. So that, as he give receipt next day, the correct balance position will be shown. This will eliminate any chance for mistakes & malpractices. .