concentration banking

[dimpy.handa]

Concentration Banking is system whereby customers make payments to a regional collection center which transfers the funds to a the principal bank.
Acceleration of cash collections from customers by having funds sent to several geographically situated regional banks and transferred to a main concentration account in another bank. The transfer of funds can be accomplished through the use of depository transfer checks and electronic transfers.

 

[Paramjeet_1988]

Can u elaborate the part that what is the meaning that sent to several regional bank then transferred to another bank , what is the need to send in another bank?

If a company is engaged in such activities it means like if company submits her profit primarily in one bank then it is called concentration bank if they submit money in any particular account then that account is called concentration account.

 

[silentmanju]

i need material management in health care info plzzzzzzz help

 

[vardhanvishnug]

but whats so gr8 about banks...they are already collecting some fee from the customers...n its clear that even to put our money also we have to pay something more which may equal to interest on deposit

 

[rosemarry2]

Concentration Banking is system whereby customers make payments to a regional collection center which transfers the funds to a the principal bank.
Acceleration of cash collections from customers by having funds sent to several geographically situated regional banks and transferred to a main concentration account in another bank. The transfer of funds can be accomplished through the use of depository transfer checks and electronic transfers.

Hello friend,

Here I am sharing Measures of Competition and Concentration in Banking Industry, so please download and check it.