SHRIRAM FINANCE LIMITED.

Banking and Accounting Process for Easy-Pay Product in Axis Bank

What is Easy Pay Cheque deposit facility

Easy Pay is the banking product in which customer can directly deposit Cheque or DD, in Axis Bank for STFC.
Customer can deposit his cheque at any of the Axis branch in India. Under Easypay deposition, customer has to
submit pay-in-slip duly acknowledged by bank along with his Application form.
How customer will deposit Cheque or DD by using EASY PAY facility at Axis Bank:
A. Customer can use Axis bank current account deposit slip for deposition of Cheque or DD
B. Cheque or DD should be in favor of “Shriram Finance Ltd.”
C. On back side of Cheque or DD, customer should write his Mobile Number & Name
D. On top of the deposit slip customer should mention as “EASYPAY”
E. Fill details on Pay in slip. E.g.
1. Company Name – Shriram Finance Ltd.
2. Cheque or DD Number , Bank Name , Bank Branch
3. Amount( in Words & Figures) ,
4. Deposit Date & Axis Bank Branch Name (Where cheque is getting depositing)
5. Mention Mobile Number & Name on backside of the Pay-in-Slip.
F. After Deposition through Easy-Pay, Axis Bank will provide acknowledgment to the customer on counter part of
Easypay deposit Slip.
G. Customer should Submit Easy pay challan copy (duly acknowledge by bank), Along with his documents as a proof of
Cheque or DD deposited

Find below the Sample EASYPAY pay in slip – duly filled (Name should be “Shriram Finance Limited”)

How STFC will get intimation about Easy Pay Deposition:

A. Axis Bank will provide Transaction details in daily MIS for Deposition and Clearance details.
Bank MIS will contain following details of customer, which will make us easy to track the customer.
1. Customer Name 2. Customer Mobile Number 3. Cheque Number & Date 4. Cheque Amount
6. Cheque Bank Name 6. Cheque Clearance status
TR Entry Accounting
A. Base on the bank acknowledge Easypay Pay-in-slip and Bank MIS clearance status, Branch/ Service center can
account the TR entry.
B. For Raising TR entry use Bank GL code - 176493