Smart Collect

Using Smart Collect, you can generate virtual accounts on demand and accept payments via NEFT, RTGS and IMPS. Smart Collect enables you to create virtual accounts tagged to individual customers and share the account number and IFSC details. Customers can transfer funds (via NEFT, RTGS and IMPS) to these virtual accounts that are directly linked to your bank accounts.

Since a new account can be created for each customer, you can easily track payments made by them. notifies you of payment made to any of your accounts and also handles the complexity of reconciling these payments on your behalf.

Unique Virtual account for each payer

Use a unique account and virtual UPI ID for each payer. Opt for fully numeric or branded virtual a/c numbers or UPI IDs-easy to remember, easy to share.

All bank and UPI transfers

Accept payments via IMPS, RTGS, NEFT, and cheques. Create virtual UPI IDs for fast and simple payment collection from any UPI App.

Auto bank reconciliation

Freedom from manual reconciliation: Know who paid and when


Sharing your actual account number for purposes of receiving a NEFT, RTGS or IMPS transaction has several disadvantages, most notably that of reconciliation. This is tough task, involving matching the bank reference IDs shared by the customers with those present in your bank statement.However, with Smart Collect you can create a unique bank account number for each customer, and automatically tag the payments made to each account with the customer it was created for. This greatly simplifies the reconciliation process.Using Smart Collect thus entails a reduction in administration cost, as it can be used to identify remitters automatically and not depend on the bank reference details provided in the payment reference field.

See how does it work?


Create a unique mapping of virtual account or Virtual UPI ID assigned to every payer/user. REST APIs available to create accounts automatically, in real-time.


Share the account for payment for every user via email/SMS/WhatsApp or notify through your App.


Payer pays to the assigned account using any UPI App like Google Pay, BHIM, Paytm, Whatsapp OR through their online net banking account.


Once the payment is received -- immediately, or within 2 hours for NEFT transfers -- you are instantly notified about the transaction and payment details via a webhook. The user's payment is thus acknowledged.

Use Case

Loan repayments

Lenders use AutoCollect cash management services to collect repayments for short term loans from consumers and businesses. Bank transfers are preferred since it is the least expensive and fastest way to move money. The lender receives the money within the same day.

Bill and fee payments

Schools and educational institutes use AutoCollect cash management services to receive fee payments. Every student is assigned a unique virtual UPI ID based on the roll no. For ex - cashid.rollnumber@icicibank Payments into a virtual UPI ID are reconciled instantly on receipt.

B2B retailer distributor payments

E Distributors use Auto Collect cash management services to reconcile inbound bank transfers received from 20,000 plus retailers. Since transactions are reconciled instantly, retailers are able to purchase inventory faster and free up working capital.

Power up your cash management services

  • Multiple Settlement Accounts

Every virtual account can be mapped to it's own settlement account. Helps manage your cash better.

  • Faster Settlements

Receive money in less than 3 hours* into your bank account.

  • Activation Control

Create Virtual Account in real time. Deactivate an account any time you wish. Transfers initiated to a disabled virtual account get rejected.

  • Customise Notifications

Choose different set of email addresses and phone numbers for every new virtual account