Each collect account is uniquely tied to the payer, so every incoming amount to your payment collection account is automatically matched and accounted for.
Log in to IndiConnect Dashboard
Click ‘Create Virtual Account’ under Payment Collection Account
Enter Member ID, Purpose, or Loan Reference
Virtual Account is auto-generated and assigned
Share with the member — they pay, you track
Every assigned payment collection account brings accuracy, transparency, and ease to member contributions, loan EMIs, or co-operatives dues.
Instantly assign a virtual payment collection account to each member, bill, or loan
Get live payment updates — no manual matching needed
Accept UPI, IMPS, NEFT, and RTGS into each payment collection account
Our system auto-tags payments as soon as they land in the collect account
Every transaction flows through bank-regulated virtual rails
Access everything through the IndiConnect dashboard
Whether you collect 50 or 5,000 payments daily, our virtual account collection system grows with you
Using co-operatives software or core banking platforms?
Set up virtual payment collection account APIs in minutes
Trigger and manage multiple collect accounts via dashboard or API
Receive real-time payment updates via webhook
Sync with your internal loan/fees/membership databases
Full documentation + dev support provided
Assign one payment collection account per member or invoice
Automate incoming payment tagging with virtual account collection
Track every rupee with dashboard insights & alerts
Works even without a website or app
RBI-regulated, fully secure and reliable for any size co-operatives
It’s a setup where each member or loan is assigned a unique payment collection account, so payments are auto-tracked and reconciled in real-time.
You assign a collect account (virtual account number) to a member or payment use case. When funds arrive, they are auto-matched in the dashboard under the correct payment collection account.
Yes. All virtual account collection features are available directly from the IndiConnect dashboard.
You can accept UPI, IMPS, NEFT, RTGS, and even mobile bank transfers — all into the member’s payment collection account.
Absolutely. Our payment collection account system uses RBI-approved banking infrastructure and encrypted data handling.
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