Add Payee - Bank Account

Customer can create bank account payee as per below mentioned Bank Account types.

• Internal Bank Account
• Domestic Bank Account :
  Domestic account further can be saved on the basis of network used to transfer. IFSC code of the payee bank account is required to effect the payment through below networks. The net work types are as follows:
• NEFT
• RTGS
• IMPS
• International Bank Account:
  International bank account is also further saved on the basis of network used to transfer. The network types are as follows:
• Swift Code
• National Clearing Code
• Bank Details

How to reach here:

Dashboard > Payments > Setups > Manage Payees > Create

To create new 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

1. The pop up screen appears to specify the type of payee.
   Click ‘Bank Account’ to create Bank account type of payee.

Bank Account – Internal Payee Create

Internal Bank Account payee is created to transfer the funds to an account which is maintained within the Bank. Basic information about the payee along with the payee account and branch details is captured while creating a payee.

To create a payee for internal account transfer:

1. In the Account Type field, select the Internal option as type of account associated with the payee.

Field Description

Field Name	Description
Create
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.
Branch	Branch to which the account belongs.
Nickname	Nick name to identify the payment destination (account).
Access Type	The access type for payee. The options are: Public Private

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 add a payee. User is directed to Add Payee - review page.
  OR
  Click Cancel to cancel the transaction.
• The Review screen appears. Verify the details, and click Confirm.
  Click Edit to make the changes if any. User is directed to the Add Payee – screen with values in editable form.
  OR
  Click Cancel to cancel the transaction and navigate back to ‘Dashboard’.
• The success message of add payee appears along with the transaction reference number.
  Click OKto complete the transaction and navigate back to ‘Payee Summary’ screen.

Bank Account - Domestic Account Transfer

Domestic Bank Account payee is created to transfer to the funds to an account which is maintained outside the Bank but within country. User provides payee details along with the bank account number and the IFSC of a destination Bank also specifies a payment network using which the payment to be processed.

To create 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.
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).
Access Type	The access type for payee. The options are: Public Private

1. Click ‘Bank Account’ to create Bank account type of payee.
2. In the Account Type field, select the Domestic option as type of account associated with the payee.
3. In the Payee Name field, enter the name of the payee for identification.
4. In the Account Number field, enter the payee’s account number.
5. In the Account Name field, enter the payee name.
6. In the Pay Via field, select the appropriate network for payment.
7. In the IFSC Code field, enter the IFSC /Bank Code or select it from the lookup.

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

8. In the Nickname field, enter the nick name to identify the payment destination (account).
9. Select the appropriate Access Type for payee.
10. Click Add to add the payee.
    OR
    Click Cancel to cancel the transaction.
11. The Review screen appears. Verify the details, and click Confirm.
    Click Edit to make the changes if any. User is directed to the Add Payee – screen with values in editable form.
    OR
    Click Cancel to cancel the transaction and navigate back to ‘Dashboard’.
12. The success message of add payee appears along with the transaction reference number.
    Click OKto complete the transaction and navigate back to ‘Payee Summary’ screen.

Bank Account - International Account Transfer

International Bank Account payee is created to transfer to the funds to an account which is maintained outside the country and beyond geographical boundaries. A user provides payee details along with the bank account number and a clearing code of destination Bank also specifies a payment network using which the payment to be processed.

To create 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).
Access Type	The access type for payee. The options are: Public Private

1. Click ‘Bank Account’ to create Bank account type of payee.
2. In the Account Type field, select the International option as type of account associated with the payee.
3. In the Payee Name field, enter the name of the payee for identification.
4. In the Account Number field, enter the payee’s account number.
5. In the Account Name field, enter the payee name.
6. In the Pay Via field, select the appropriate network for payment.
7. • 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.
7. In the Nickname field, enter the nick name to identify the payment destination (account).
8. Select the appropriate Access Type for payee.
9. Click Add to add the payee.
   OR
   Click Cancel to cancel the transaction.
10. The Review screen appears. Verify the details, and click Confirm.
    Click Edit to make the changes if any. User is directed to the Add Payee – screen with values in editable form.
    OR
    Click Cancel to cancel the transaction and navigate back to ‘Dashboard’.
11. The success message of add payee appears along with the transaction reference number.
    Click OK to complete the transaction and navigate back to ‘Payee Summary’ screen.

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