Payee Maintenance - Bank Account

Payee Maintenance, as the name says it all it is a maintenance done for saving payee bank account details. Payee maintenance is done for saving bank account and Demand Drafts types of account details.

Using this option, you can save a beneficiary (payees) with details to make payments through bank account transfer. The customer can save a payee bank account as per below mentioned bank account types:

• Internal
• Domestic
• International

How to reach here:

Dashboard > Payments > Setups > Payees > Add New > Bank Account > Add Payee

To add new payee:

• Repeat steps 1 & 2 of Payees.
• Click Add New to create new payee-Bank Account .
  The pop up screen appears to specify the type of payee.
  

Field Description

Field Name	Description
What type of payee would you like to add ?	Payee type to be maintained. The type can be: Bank Account Demand Draft

3. Select the Bank Account option for the What type of payee would you like to add ? field. The Add Payee screen appears.

Internal Account Transfer

To maintain a payee for internal account transfer:

Field Description

Field Name	Description
Payee Name	Name of the payee for identification. Note: 1) On adding a particular payee or beneficiary, user cannot delete the payee. User can delete the accounts added for the payee, but not the payee. 2) Once payee name is added then it cannot be modified. It will be in disabled mode.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International
Account Number	Account number of the payee.
Account Name	Name of the payee in the bank account. Note: Name should be same as maintained in the bank against that account number.
Branch	Branch to which the account belongs.
Nickname	Nick name to identify the payment destination (account). Note: 1) Nick name should be unique for the payee. 2) Space between alphabets /numbers will not be considered for uniqueness check.
Access Type	The access type for payee. The options are: Public Private

1. Repeat Step 1 & 2 of To add new payee section.
2. In the Payee Name field, enter the name of the payee for identification.
3. In the Account Type field, select the Internal option as type of account associated with the payee.

• In the Account Number field, enter the payee’s account number.
• In the Account Name field, enter the payee name.
• Select the appropriate Branch to which the account belongs.
• In the Nickname field, enter the nick name to identify the payment destination (account).
• Select the appropriate Access Type for payee.
• Click Add to create the payee.
  OR
  Click Cancel to cancel the transaction.
• The Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the transaction.
• The success message appears along .
  Click Done to complete the transaction.
  OR
  To initiate a payment to the added payee, click Pay.

Domestic Account Transfer

To maintain a payee for domestic account transfer:

Field Description

Field Name	Description
Payee Name	Name of the payee for identification.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International
Account Number	Account number of the payee.
Account Name	Name of the payee in the bank account. Note: Name should be same as maintained in the bank against that account number.
Pay Via	NetworkAn electronic funds transfer network, such as PULSE, that links financial institutions and their cardholders to ATMs and merchant point-of-sale (POS) terminals to complete an electronic financial transaction. for payment. The options are: NEFT RTGS IMPS
IFSC /Bank Code	IFSC /Bank Code.
Bank Details	Bank details based on the IFSC code of the bank. It includes: Bank Name Bank Address City and State to which the bank belongs.
Nickname	Nick name to identify the payment destination (account). Note: 1) Nick name should be unique for the payee. 2) Space between alphabets /numbers will not be considered for uniqueness check.
Access Type	The access type for payee. The options are: Public Private

1. Repeat Step 1 & 2 of To add new payee section.
2. In the Payee Name field, enter the name of the payee for identification.
3. In the Account Type field, select the Domestic option as type of account associated with the payee.

• In the Account Number field, enter the payee’s account number.
• In the Account Name field, enter the payee name.
• In the Pay Via field, select the appropriate network for payment.
• In the IFSC Code field, enter the IFSC /Bank Code or select it from the lookup.

Note: Click Verify to fetch bank details based on Bank Code (BIC).


• In the Nickname field, enter the nick name to identify the payment destination (account).
• Select the appropriate Access Type for payee.
• Click Add to create the payee.
  OR
  Click Cancel to cancel the transaction.
• The Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the transaction.
• The success message appears.
  Click Done to complete the transaction.
  OR
  To initiate a payment to the added payee, click Pay.

International Account Transfer

To maintain a payee for international account transfer:

Field Description

Field Name	Description
Payee Name	Name of the payee for identification.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International
Account Number	Account number for the transfer.
Account Name	Name of the payee as in payee's bank.
Pay Via	Network for payment. The options are: Swift Code NCC (National Clearing code) Bank Details
SWIFT / National clearing code value	SWIFT code /National Clearing code value.
SWIFT code Look up Below fields appears if the SWIFT Code option is selected in Pay Via field.
Lookup Swift Code	Link to search the SWIFT code.
Swift Lookup - Search Result
Bank Name	Name of the bank.
City	City to which the bank belongs.
Branch	Bank branch name.
Country	Country of the bank.
Address	Displays complete address of the bank.
National clearing code Look up Below fields appears if the National clearing code option is selected in Pay Via field.
Lookup National clearing code	Link to search the National clearing code.
NCC Lookup - Search Result
Bank Name	Name of the bank.
Branch	Bank branch name.
Address	Displays complete address of the bank.
NCC Code	NCC code of the bank branch.
Bank Details	Bank details based on the Swift / National clearing code selected for the bank.
Below fields appears if the Bank Details option is selected in Pay Via field.
Bank Name	Name of the bank.
Bank address	Complete address of the bank.
City	City to which the bank belongs.
Country	Country of the bank.
Nickname	Nick name to identify the payment destination (account). Note: 1) Nick name should be unique for the payee. 2) Space between alphabets /numbers will not be considered for uniqueness check.
Access Type	The access type for payee. The options are: Public Private

1. Repeat Steps 1 & 2 of To add new payee section.
2. In the Payee Name field, enter the name of the payee for identification.
3. In the Account Type field, select the International option as type of account associated with the payee.

• In the Account Number field, enter the payee’s account number.
• In the Account Name field, enter the payee name.
• In the Pay Via field, select the appropriate network for payment.
• If you select Swift option:
• In the SWIFT code field, enter the SWIFT code or select it from the lookup.

• Note: Click Verify to fetch bank details based on Bank Code (BIC).
  

• If you select National Clearing code option:
• In the National Clearing code field, enter the National Clearing code or select it from the lookup.

• Note: Click Verify to fetch bank details based on Bank Code (BIC).
  

• If you select Bank details option:
• In the Bank Name field, enter the bank name.
• In the Bank Address field, enter the complete address of the bank.
• From the Country list, select the country of the bank.
• From the City list, select the city to which the bank belongs.
• In the Nickname field, enter the nick name to identify the payment destination (account).
• Select the appropriate Access Type for payee.
• Click Add to create the payee.
  OR
  Click Cancel to cancel the transaction.
• The Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the transaction.
• The success message appears.
  Click Done to complete the transaction.
  OR
  To initiate a payment to the added payee, click Pay.

Note: For more information on managing payee, click here.

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