db OnlineBanking for corporates and firms

db OnlineBanking for corporates and firms

Accessibility to your account - Anytime, Anywhere 

Accessibility to your account - Anytime, Anywhere 

Manage your finances and carry out a number of banking transactions through db OnlineBanking.

Multi User Access

We know that as an owner of a business, your time is better spent managing your business than managing your company accounts and the transactions. Now with db OnlineBanking, you can manage your business in a much more efficient manner. It aims at saving time, money and also makes tracking of banking transactions easy for your business.

Apart from the basic online services such as viewing balances, downloading account statements, this service carries state-of-the-art features such as multi-user access, multi-level approval workflow and bulk transaction processing.


Multiple bank accounts:

Multiple accounts with the Bank can be grouped into several divisions. These divisions can have independent group of users. Additionally, users can have access to one, many or all divisions.


Multi-user access:

Give online access of your account(s) to multiple users with different transaction or approval rights set by you. Set-up users' accounts with different debit limits, transaction and approval rights. Each of the user is given unique login and transaction credentials to login into db OnlineBanking as specified by the admistrator.


Multi-level approval workflow:

Each of the multiple users can be given individual transaction rights as per hierarchy in the corporate. For instance, some user(s) may be given rights to enter transactions only such as an RTGS fund transfer by logging in to db OnlineBanking. A transaction so created will then automatically reach the authorized signatory or group of signatories for approval.

Approval rules:

  • Rules can be created for each financial transaction type and amount to identify users who can request the transaction and the users who can approve the transaction.
  • Rules can define if one or more than one user's approval is required to process the transaction request. The transaction will not get processed unless the transaction is approved by the user's with approval rights.
  • Rules can also define if a transaction requires one of the many or all approvers to jointly approve a particular transaction.

Workflow:

  • Users with transaction right can make a transaction request for transactions assigned to them and within limits defined for their profile.
  • Once the request is made, the approvers will receive an intimation to approve the transaction.Transactions once approved by all the required approvers will be processed.
  • Transaction which do not get approved or are rejected will not be processed.

Note: Approval workflow cannot overrule the basic mandate for account which means that you can add more layers of approval but cannot remove the approval workflow created and accepted offline.

Bulk Transactions

db OnlineBanking facilitates multiple funds transfers via a single file upload resulting in better efficiency. For instance, salary processing, vendor-payment processing etc can be done at one go.

Bulk funds transfers can be done between Deutsche Bank accounts through intrabank transfers and to other Bank accounts using NEFT and RTGS settlement facilities.

The important features of bulk transaction processing are as follows:

  • The bulk transaction upload file is a text file (*.txt). For your convenience, we additionally provide a file conversion tool to convert an excel file into the text file.
  • Multiple or Specific users can be given access to perform bulk transactions. Approval authority and workflow rules can be set up too.
  • For funds transfer within accounts, there will be a single debit transaction on the remitter account of the aggregate amount, and corresponding credit transactions on the beneficiary accounts.
  • Fund Transfers within accounts can be scheduled to be executed on the same day. It should be ensured that the approvals if any, are done before 6 PM. If the bulk transaction is not approved before 6 PM, then the approver will have to reject this transaction, and initiate a new bulk transaction request.
  • For funds transfers to other Bank accounts, each transfer would be a debit transaction on the remitter account. For instance, if there are 100 transactions being done through one file upload, the debit account would have 100 debit transactions on the account statement
  • For funds transfers to other Bank accounts, db OnlineBanking automatically decides the transfer type - RTGS or NEFT, depending on the amount per transaction, time of transaction and the beneficiary bank.
  • Fund Transfers to other Bank accounts can be scheduled for the next working day or any other day in the future. It should be ensured that the approvals if any, are done before the schedule date for processing.

Easy File Conversion Tool

For your convenience we have designed a file conversion tool to help you prepare the file for bulk transaction processing. All you need to do is to enter all the details in a simple excel file in the prescribed format and upload it in the tool to get the file required by db OnlineBanking.

Click here for the file conversion tool.

Click here to view sample excel file format (for upload in the tool for file conversion)


Create file for bulk transfer to Non-Deutsche Bank account

We have designed a conversion tool to help you prepare the file for bulk transaction processing. All you need to do is to enter all the details in a simple excel file in the prescribed format and upload it in the tool to get the file required by db OnlineBanking.

Click here for the file conversion tool.

Click here to view sample excel file format (for upload in the tool for file conversion)

Payment Options

Fund Transfers

Value added services

db OnlineBanking offers you a host of services that save you the time and effort to go to a branch or call up phone banking. You can not only view and download your current / past bank account statements, but also view the status of a cheque, update your profile, request for a new cheque book and demand draft - all at the click of a mouse!

View Tax Deducted at Source (TDS)

You can view the TDS deducted by the Bank towards interest paid on Fixed Deposits.

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#Customers outside India need to dial +91 22 6601 6601.
Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.