| This
is designed for small/medium sized organisations
and companies who pay salaries through cash. |
| |
| Mode of Operation |
| The bank liaises with such firms
and companies to pay their salaries. |
Such organisations direct
their staff to open account with the bank.
|
| The staff account number
is submitted to organisation's account department. |
| Each month, a schedule
of their staff salary and their account number
is forwarded to the bank along with the cheque
covering the payments. |
| The organisation pays a
certain % as commission to cover administrative
fees. |
| |
| Benefits |
| The risk of cash payment is
removed. |
| The risk of ghost
worker
is removed. |
| It is convenient.. |
| Regular periodic payments. |
