Payees

Manage payee displays the to all the registered payee account details under one roof. 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 below two types of account details:

• Bank Account
• Demand Drafts

Each payee transaction gives a brief information about the various types and number of accounts registered for a payee. The transaction will also display the account specific icons as per the maintenance done. If Payee has multiple bank accounts, you can click on the each payee to view its different accounts in detail.

How to reach here:

Dashboard > Payments > Setups > Payees

To manage payees:

• All the beneficiaries (Payees) appears on Payees screen.

Note: To search specific register payees, enter the search criteria, click .

Field Description

Field Name	Description
Payee - Bank Account Below fields appears if the payee is holding a bank account.
Payee Name	Name of the payee.
Account Type	Type of account associated with the payee.
Account Details	The details of account associated with the payee.
Nickname	Nickname of the payee.
Created By	Name of the user by whom the payee is been created.
Access Type	The access type for payee. The options are: Public Private
Payee - Demand Draft Below fields appears if the payee is holding a demand draft.
Payee Name	Name of the payee.
Draft Type	Type of draft .
Draft Favouring	Payee name of the draft.
Created By	Name of the user by whom the payee is been created.
Access Type	The access type for payee. The options are: Public Private

• Click on relevant payee whose details you want to see. The Payees screen appears with the payee's various bank accounts.

Note: Payee displayed on the basis of type of accounts added for the payee.

Field Description

Field Name	Description
Payee Account card Details - Bank Account Below fields appears if the payee is holding a bank account.
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.
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.
Bank Details	Address of the payee 's bank account.
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
Payee Account card Details - Demand Draft Below fields appears if the payee is holding a draft.
Draft Favouring	Payee name of the draft.
Draft Type	Type of draft.
Draft payable at	City name where the draft would be payable at.
Deliver Draft to	Address where the draft is to be delivered.
Branch Name	Name of the payee 's bank branch.
Delivery Location	Address where the draft is to be delivered.
Access Type	The access type for payee. The options are: Public Private

1. If you click Edit to modify the payee details.
1. Update the details.
2. Click Saveto save the payee details.
   OR
   Click Cancel to cancel the transaction.
3. The Review screen appears. Verify the details, and click Confirm.
   OR
   Click Cancel to cancel the transaction.
4. The success message appears.
   Click OKto complete the transaction.
2. Click Cancel to cancel the transaction.
   OR
   Incase of bank account type payee, to initiate a payment to the added payee, click Pay.
   OR
   Incase of Draft type payee, to issue a draft o the added payee, click Issue.

Add New Payee

• Repeat steps 1 & 2 of Payees.
• Click Add New to create new payee-Bank Account . For more information on Add Payee - Bank Account, click here.
  OR
  Click Add New to create new payee- Demand Draft. For more information on Add Payee - Demand Draft, click here.
  
  

Delete Payee

• Repeat steps 1 & 2 of Payees.
• Click Deleteto delete the payee.
  The message for confirmation to delete payee appears on Payees screen.

• Click Delete to delete the payee .
  OR
  Click Cancel to cancel the transaction.
• The success message appears along with the reference number.
  Click OKto complete the transaction.
  

FAQs

How do I transfer funds to another bank?

After successfully adding a payee, you may proceed to transfer funds immediately or set a future date for the transaction to take place.

Can I delete recipients that I no longer need to make payments to?

Yes. You can choose to delete the payees that you no longer need.

What are the stages of the fund transfer?

There are two stages in Fund Transfer transactions Payee Addition and Transactions Initiations.

Will an instruction be processed, if the selected payee of the instruction is deleted before the actual execution date of the instruction?

Yes, the instruction is executed successfully even if the payee is deleted.

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