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Cheque Truncation System

Cheque Truncation (CTS) is the process of streamlining the flow of the physical cheque issued by a drawer at some point by the presenting bank en-route to the drawee bank branch. In its place an electronic image of the cheque is transmitted to the drawee branch through the clearing house, along with relevant information like data on the MICR band, date of presentation, presenting bank, etc. Cheque truncation thus obviates the need to move the physical instruments across branches, other than in exceptional circumstances for clearing purposes. This effectively eliminates the associated cost of movement of the physical cheques, reduces the time required for their collection and brings elegance to the entire activity of cheque processing. Cheque Truncation speeds up the process of collection of cheques resulting in better service to customer, reduces the scope for clearing-related frauds or loss of instruments in transit, lowers the cost of collection of cheques, and removes reconciliation-related and logistics-related problems, thus benefitting the system as a whole.
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Cheque Processing & Clearing Operations

Backoffice India is a leading cheque processing and clearing service provider to many reputed multinational banks in India and abroad. Our cheque clearing operations are designed in accordance to Reserve Bank of India's prescribed standards. We organize training and up gradation activities at regular intervals to stay updated. We have invested optimally in the growth of a world class secured information infrastructure. Our tightened security has never let us down and we have never yielded to any threats so far. The images of the cheques and instruments submitted are captured; this solution enables us to do speedy transactions by transferring images. By this process, we restrict the movement of physical cheque and provide speed clearing of our outstation cheques. Through in-house item processing, we provide the most modern solutions with user-friendly interface. This process touches the critical points with great care and provides automated workflow with speed and quality, satisfying our clients to the highest level. We offer tailored outsourcing services, taking the complete cheque processing and clearing contract. Some stages of it can be omitted for your in-house processing. Cheque recovery process is a time-consuming job. It requires elimination of the errors and re-furnishing of the electronic image.
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Address Verification Services

Address Verification methodology for a Potential Applicant is an essential subset of the various Verification steps, carried out as a part of Employee screening services by BackOffice India. This guarantees the applicant has provided his/her accurate present and permanent address. Residential Address Verification helps tremendously, amid Negative record searches and establishing Credit Reports. There are numerous other possible situations and events, when a Company may require an employee's residential address and credentials. Address verification, hence, is a vital indicator that assists organizations to decrease odds of errors, fraudulent and mis-information.
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Audit And Assurance Services

If you are looking for audit companies in India then look no further. Backoffice India provides audit services like comprehensive auditing and assurance audit. We assist or clients to accomplish their goals by providing an organized, closely controlled process to assess and improve the efficiency of their management structure, overall control, and risk management. Backoffice India is working with many big corporate, helping them with their audits but we also outsource audit and assurance services to small businesses. Our Audit consultant identify and evaluate if many different sectors like shareholders, corporate executives or board of directors have rational guarantees that the companys administration, control procedures and risk management factors are effectively designed and if they are functioning effectively. The benefits of Our Audit Service: There are various advantages of an Audit Service. It can help you in increasing your companys effectiveness and profitability. We can assist your management better understand their own financial and working systems. Many audit companies in India dont have that much experience when it comes to outsourcing audit services to big corporate. Many clients come to us unhappy because of their previous experience with new audit firms. So we will always recommend you to check their client portfolio before making any decisions. Some of the advantages of hiring Backoffice India Audit Services are: Examine and identify your companys financial records.Categorize key areas for improvement in your company.Evaluate new technology.Reinforce and strengthen internal control.Uncover fraudulent or other illegal activities within your company.
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Financial Investment Services

Over the period of time we have widened our services in many sectors. Backoffice India is like a stop shop for your varied needs. Our experience and result oriented advisory plans have built us a class apart from others; we have gained reputation and expertise as a singular procedure. Our advisory services are recognized for high end optimization of investment opportunities. To obtain success in a project, it is the resultant of sound and precise design, cost effectiveness, result oriented features and consistency in providing support. We accept challenges to undertake your dream project; we strive hard with utmost desire to create your dream come true. Whether we are providing advisory service for financial investments or planning a task for you. We are technically savvy enough to provide you with an efficient design, which is capable of reaping the benefits of modern day technology. It takes a great deal of experience in planning and carrying out a project. We go step by step implementation and valuation on the various steps to furnish you a fool proof program. We trust in taking calculated risk to ensure the chances of maximizing earnings and decrease the probabilities of losses. Our team of expert analyses the viability of the project and approve. If, you are already running a business and not getting the desired results, we can still help you in making your business a profitable venture. We help you in organizing and eliminating the financial loopholes.
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Background Verification Services

Background Verification Company - Backoffice IndiaBackground Check and Verification is a Technique of orderly inquiry about a Person or a Company. We can check Financial, Criminal and Individual records through this method. It is, at all times, better to financial institutions and banks to be cautious; futuristic frauds and same kind of fraudulent exercises can be dealt with in time. If you are searching for a screening service, BackOffice India standout amongst the most reputed Background Verification Agency in Delhi NCR, India These sorts of Verifications have become Obligatory when we appoint experts for financial institutions, Insurance Agency or a Banking Sector. In the event that your prospective employee happens to be defaulter with an unsafe obligation history; the odds are higher that he may enjoy any sort of theft, once you hire him.
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Banking And Financial Services

The current banking industry of the world is striving hard to bring down the cost of processing and to minimize risk factors at several stages. The changes and challenges are inevitable, so we strive hard to provide you with the best updated services in the industry. We at Backoffice India have some enhanced features to secure your grip on speedy yet hassle free transactions. We put our sincere efforts in our services to take your satisfaction to the next level. We have made it imperative on our region to comply with your customized needs and with utmost satisfaction. We are consistent in innovating and adapting different technology, which can accomplish the required task with consuming less energy and time of our customer. We assure the inclusion of the best features to simplify your life and furnish you with the best technology available globally. We at Backoffice India have the best financial experts working for us to supply you the most specific and precise financial service. We have different financial programs as per your customized needs. Our services include cash management at different levels, dispatch activities, customer verifications, and several forms of financial transactions. We also offer banking solutions, insurance claims and payroll services.
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HR Outsourcing Services

By outsourcing you can avail the services of experts which you may find expensive to employ. Backoffice India works to cut the management cost of your company, increase efficacy, and making relations with your employees, in order to make business houses concentrate more on their business strategies rather than using their resources in micromanaging the things. You must outsource your specific assignments only to the vendors, who are expert in performing the needed job. We are offering HR Outsourcing Services according to different requirements in banking and financial institutions. You can pay for a specific service or customize the service package according to your requirements. Backoffice India offers tailored solutions to administer with your business complexities and assist you in hiring and firing of your employees. We take care of your entire employee's job process legally in accordance with the law of your country, offer re-imbursement plans and final settlement with the employees.
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Employment Verification Services

The most valuable and precious asset of an organization is its loyal employees, but they are the same employees who ditched you at the time when you need them the most. They may indulge in some fraudulent activities if they are from the criminal background. They provided wrong information about themselves at the time of enlisting. Agreeing to a report nearly 36% people didn't tell the accuracy at the time of applying for a job. Thus, to avoid this situation, we supply you a complete employment verification service. While offering this service, we make sure to take feedback from the previous of your employee. We inquire about the reason for his quitting the job, the nature of the job, salary, performance, loans, credit cards, and criminal activity, if any. So, it is advisable for the benefit of employee verification service to minimize the chances of nonperformance and other hassle of your employees. We attempt to facilitate the things according to your objectives; we prepare targeted summary of the search results for your better understanding and valuation. In that location may be two persons with the same name and qualification, living in the same neighborhood. Then, we gather data from different authors to cross match it, streamline it, and then mail it to you. Just to ensure that we don't frame the wrong person mistakenly.
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Cheque Pickup Service

With the Backoffice India documentation team's assistance, you and your staff members will simply love the straightforward and simple language we use in documentation. We sincerely follow our line of action for getting the desired results. Our team of qualified professionals has the ability to deal with your customized requirements and provide you with various kinds' of documentation. We work to preserve your time and energy by providing you with an effective and specific answer. Our corporate customers are fully satisfied with our documentation services like:Legal documentation servicesContract document servicesFiscal documentation and compilation servicesFinancial documentation and compilation services We also provide cheque pick up service to save your valuable time and energy. Our user friendly and customized features enable us to offer cheque pick up service through a nationwide network in nearly all major cities. We offer Cash deliveryCheque pick-upDD deliveryTraveler's cheque delivery service
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Software Customization Services

Software development is a process of creating a software program to facilitate and fulfill the requirements of a business or an individual. Backoffice India has different teams for every phase in software invention and evolution operation. We have some of the most experienced and talented software professionals working for us. We have a dedicated team of professionals who love to take up challenges and they are always enthusiastic about developing multi facet software. First of all, we actively participate in understanding of what we have to design and for this we do an extensive paperwork for proper documentation as well as the preamble of the whole exercise. In order to ensure that we don't leave any of the requirements unfulfilled. We work on every possible detail and thus we provide with the most suitable, most advanced and the perfect software solution for your customized needs. We look forward to arrange any number of meetings with our designers and developers to your staff members; this ensures the right design and the specific software solution for you. We offer tailor made software design and development.We offer low cost solutions with the best possible quality.Our professionals use most advanced and sophisticated tools. As we specialize in nearly all programming languages, we are well equipped to use the best suited language for the development process. We install and test the software before finalizing it. We want to ensure that our customers don't encounter any runtime errors.
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Data Processing Services

IntroductionData Processing Services are one of the fastest growing Outsourcing Professions in India, and Backoffice India is one of the Best, Efficient and reliable Data Processing Company based in Delhi, Delhi, India. We have a track record of providing Accurate, customized and high-quality Data Processing Services in India. With years of Data Entry experience, our Company has gained Consistent and improved Knowledge in our field of Work. InformationProcessing is considered unacceptable if the accuracy level is not up to the Market Standards and we at Backoffice India promise to deliver you with remarkable 99.99% Data entry Accuracy. We are well known among other Data Processing Companies for providing excellent support to our small to large File Processing Clients in India as well as Abroad. By choosing our Data Processing team of Experts, you can achieve significant Cost-savings of over 30% and make Data Process Outsourcing manageable. Our expertise to process soft Documents to Digital Electronic is unmatched. We manage each Operations with the best engineering and outstanding expertise. Our Work prioritizes technical part followed by language to maximize the perfect results. This also helps us provide a logical flow and consistency with coherence. We hold a long list of satisfied Customers, from small start-up companies to all major Banks and MNCs. We offer our Data Entry Services at the most Economical Service Fee/ Rates in the Industry while maintaining the International Standards - We sincerely work on maintaining long term Relationships, Our Quality and Consistency in fulfilling the required tasks have made our stay above the rest.
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Data Entry Services

Data Entry Services with an Emphasis on Quality and Accuracy Backoffice India, one of the best global data entry companies makes use of best-in-class OCR and ICR technology to fulfil the data entry requirements of our clients. Our Intelligent Character Recognition (ICR) and Optical Character Recognition (OCR) technologies can convert over a million handwritten or machine-printed documents into electronic formats daily. This maximizes accuracy of the extracted data, as well as the productivity of the process.Quality Assurance is a stringent process that we rigorously implement at Backoffice India. Through this, we aim to ensure that our professionals perform a round of quality checks and implement double data entry to verify and achieve the maximum possible accuracy of data. Backoffice India prides itself on delivering 99% accuracy level in its data entry services.We invest heavily to provide training on a continual basis to our data entry professionals and to ensure that Backoffice India remains one of the top trusted data entry companies in the world. As an ISO 9001 certified data entry company, we are committed to improving our validation and quality control procedures to deliver the highest quality of output for our global clients at all times.
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Taxation Services

Taxation is a complex function requiring specialized knowledge & skills. We would like to present ourselves as a specialized taxation service solution provider. Covering , whole gamut of tax related services like taxation calculation, tabulation, consultancy, tax form advisory, form submission, tax return filing and collection of any refund or deduction applicable on your behalf. We are growing both in terms of number of clients as well as a number of services on a continuous basis. Please find out more about the services offered from below. We provide following services: Direct tax planning, complete documentation, representation and appearing for clients before various forums like assessing officer, Tax Tribunals, tax appellate authorities, etc.Preparation of tax returns for individual, partnership firms, Nonresident Indian's, foreign nationals (expats), companies, etc.Filing application and obtaining Permanent Account number (PAN), tax Deduction Account number, various services in relation of C&H forms, TDS and withholding taxes, etc. We undertake registration of STPI, filing of income tax returns, e-returns, and TDS e- filing. We also cover you in international tax planning as well as other required taxation services.
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Custodial Service

Support to Shares Custodial in India We are one of the leading organizations in the field of providing support services to various custodial in India. We are a trustworthy and impeccably professional organization, particularly relevant after global recession. We provide services to various custodians for investors from all around the world, which have trusted us for our constantly impressive results and end to end foolproof service; and are in a strong position vis--vis our clients, because we offer protection across the whole chain. We have the best talent working for us available in India. Our comprehensive training program constantly upgrades and brush up our staff's skill and knowledge, our staff is proficient in accounting and information technology. We are equipped with a robust and efficient check and balance system incorporated in our system; which monitors our service quality and performance. Our support services to share custodial in India include: Support with regard to Safekeeping and settlementReporting and MISCorporate actionsDividends collection and distributionProxy votingTax reclaim servicesFund administration and informationPolicy announcements, etc.
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Retail Banking

We also provide services to various to the Retail Banking Divisions of various Banks operating in India. We offer all sort of services to retail banking operations like, savings and checking accounts, mortgages, personal loans, debit cards, credit cards, address verifications, risk analysis and so forth. We provide following services to retail banking opertions:1. Pick up and delivery of documents2. Address verifications3. Audit of loan files4. Data processing5. Drop box clearances and management6. Telecalling7. Custome care opertaions8. PDC Management9. Cheque truncation system (CTS)10. Operations from multiple locations
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NRI Investment Services

At Backoffice India, we do believe in simplicity. We keep our investment services so simple for investors across the world that they might have never experienced before. India is a growing economy and that calls for the need of more attractive NRI investment plans. You will get our investment plans more profitable, because of the tremendous growth potential in India. In the recent decade, India has emerged as the most sought after investment destination in the world. We have selected and handpicked expert professional from different portions of the world to provide the best possible services to meet the customized demands of our NRI customers. We have both global and local expertise combine to provide you the best investment opportunities in India. We offer customized investment solutions with the most suitable investment plans. We assist NRIs, PIOs, and OCIs in choosing from a wide variety of investment plans and insurance solutions; we also assist them in starting a DMAT account.
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Mobile And Wireless Solution Services

Backoffice India is serving with high-end mobile technology and wireless solutions. We are constantly upgrading our technology to remain updated and to fulfill ever changing market requirements. By using these services business companies can save their valuable time and resources. We believe in innovation and we are pioneers in developing applications for mobile and wireless devices. We innovate, design, install, and customize the applications according to all your mobile and wireless needs. You can also add more functions to your existing applications and you can get an application designed by us that will cater to all your business needs. We are helping to make a significant increase in business volumes by our technology. In this quick paced world, a fast reply to your clients can do wonders to your line of work. Through these applications, your executives will be able to find out the status of delivery and inventory and will be able to affirm the order right from the customer's outlet. The most satisfying part of this technology is that your executives will remain in touch with your office; you can know their locations and will be able to track their movements. Wireless devices have made this possible. We provide our services to: IndustriesHospitalsMarketing AgenciesBanking and Insurance Companies Database solutions and smart card solutions need proper protection. We are capable of providing wireless applications with cost-effective and robust designs. We deliver expertise in many languages to craft the best applications. Furthermore, we provide complete support in its maintenance with a prompt trouble shooting service.
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Software Maintenance And Support Services

Backoffice India has immense pleasure to present ourselves as the leading service provider to many international and local institutions. Over a period of time our customer centric approach and expertise in offering IT services has gained many awards. The IT industry is evolving at a rapid pace; we regularly update our technology to provide you the best services in the industry. We provide these services as a part of a complete software maintenance package and request based tailored maintenance package. Backoffice India offers both on site and remote assistance. Our excellent services are characterized by cost-effectiveness and lessened system down-time, so that your company's workflow and productivity is not affected. According to a business software maintenance report, business companies are spending nearly 70% of their software budget on maintenance, in order to keep it going. This clearly means that maintenance of your business software is equally important as the designing section. Due to lack of proper maintenance, you may lose your database, which could be a disaster both in monetary and functional terms. We provide the following services: Maintenance of existing softwareDevelopment of new featuresUpgrade your existing softwareDiagnosisBug fixingDatabase administration Our support services ensure that your system is up-to-date, we detect problems and fix errors in the shortest possible time, and we also do check the compatibility with the current platforms. Our experts can assist you in any form of software related topics, be it documentation, database maintenance, installation, bug fixing and help desk support.
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Legal Advice Services

Backoffice India has immense pleasure in bringing out our advisory services to you. We have perfect analytical skills and deep insight on the ever changing trends of financial investments. The financial sector faces continuous and speedy changes. To deal with the changes in the financial investment sector, we have to keep ourselves informed and updated about the new rules and regulations. We are always prepared to deal with finance regulator's directives as they have enough power to change and impose new sanctions on financial institutions. This clearly signifies that our work culture is centered on helping our customers. Our professionals have sound technical knowledge and adequate experience to assist you in any kind of legal issue. We analyze the project thoroughly before declaring it economically viable. Our legal team tells you about matters of taxation like tax compliance status and cash tax exposure. We are ready to help in other issues other than tax implications. Our customers rely on us for providing genuine services. There are many kinds of monetary transactions that are considered as investment, such as buying a property, renting a property or purchase of shares, all are considered as investment. This is to be noted that legal advisors cannot give you an advice regarding financial investment; rather they help in fulfilling legal requirements. We offer a comprehensive range of advisory services to our esteemed clients from around the globe. Backoffice India offers advice on a broad variety of investment plans like investment funds, hybrid funds, and structured product funds.
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  • Pankaj (Banking & Financial Support Service India)
  • 4E/16 & 17, Third Floor, Jhandewalan Extension, Delhi - 110055, Near Videocon To, Delhi 110055, India
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  • Call 08069182225 Ext. 215