PAYEE Maintenance - Demand Draft

Demand Draft is a type of a cheque drawn in favour of the payee and is payable in the city as requested by the customer. The customer requires to issue demand drafts for different purpose. Application allows customers to save the payee details of the draft through payee maintenance. Payee (BeneficiaryA person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract.) for demand drafts are of two types:

Application also provides an additional option ( My address, Branch Near Me) to have the demand draft delivered at the customer’s convenience.

You are here How to reach here:

Dashboard > Payments > Setups > Payees > Add New > Demand Draft > Add Payee

To maintain a payee for demand drafts:

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

Field Name

Description

What type of payee would you like to add ?

Payee type to be maintained.

The type can be:

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

Field Name	Description
Payee Name	Name of the Payee for identification.
Draft Type	Type of draft associated with the Payee. The type can be: Domestic International
Draft Favouring	Name of the payee of the draft.
Draft payable at Country	Country of the payee. This field is enabled if the International option is selected as Draft Type.
Draft payable at City	City of the payee.
Delivery Location	Options to deliver the drafts. The options are: My Address: Deliver either the demand draft to customer’s communication address Branch Near Me: Deliver the demand draft to any branch near to the customer
Below section appears if you select the My Address option in draft delivery location.
Address Details	Address for delivery of the draft. If Branch Near Me option in draft delivery location, displays the address of the branch, including the city and zip code of the branch. If My Address option in draft delivery location, displays the customer address like name and address of the remitter of the draft from the user profile.
Below section appears if you select the Branch Near Me option in draft delivery location.
State	State of the receiving branch where the draft to be delivered.
Branch	Branch name to deliver the draft. Note: The options in this field depend on the selected option in the City field.
Branch Address	Complete address of the branch to deliver the draft.
Access Type	The access type for payee. The options are: Public Private

In the Draft Favouring field, enter the name of the payee of the draft.
In the Draft payable at City field, select the appropriate information.
If you select Domestic option as Draft Type;
From the City list, select city of the payee.
If you select International option as Draft Type;
From the Country list, select country of the payee.
From the City list, select city of the payee.
In the Delivery Location field, select the appropriate draft delivery option.
If you select My Address option;
From the Address Details list, select the appropriate option.
The complete address of user as maintained corresponding to the selected address appears.
If you select Branch Near Me option;
From the State list, select the state of the receiving branch.
From the Branch list, select the receiving branch.
The complete address of selected branch appears.
Click Add to maintain 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 issue a draft o the added payee, click Issue.

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

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