The full form of CFMS is Centralised Funds Management System

The Centralised Funds Management System (CFMS), is a system set up, operated and maintained by the Reserve Bank of India to enable operations on current accounts maintained at various offices of the Bank, through standard message formats in a secure manner.

The CFMS comprises two components –

♦ Centralised Funds Enquiry System (CFES) and

♦Centralised Funds Transfer System (CFTS).

These have been made available through the following sub-systems :

♦ the Apex Level Server (ALS) – ALS is the software component which resides in the mainframe computer systems currently housed in at Mumbai

♦  the Local Funds Management System (LFMS)- LFMS is the software component which would be functioning from the server systems at the Regional Offices of the Bank where the Deposit Accounts Department (DAD) is existent. 

♦  the Bank Level Funds Management System (BLFMS)-  BLFMS is the software component provided by the Bank to the members of the CFMS and would be used by the Treasury Department / Central Accounts Department

♦ the Local Banks Funds Management System (LBFMS) –BFMS is the software component which would be given by the Bank to the CFMS members for accessing the facilities at each local DAD.