Corporate Banking helps the industries , organisations & institutions to pay there staff and employees salaries.
Corporate Banking is a level of signatories can access and approve online for the payments.
Corporate Banking consists of 3 level
1. Maker (Who makes the employee salaries based on the number of days present during the month).
2. Checker (Who checks the employees and if there any amendments suggests to Maker).
3.Pay Master (Who is the final authorizing person who can issue out the payments. There may be 2 or 4 Paymasters can able to do the transaction with a valid token).
Corporate Banking helps the industries , factories , organisations & small medium and large enterprises can pay there employees or staff salaries without going to the bank.