Payee Maintenance - 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 network 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:

Payments > Manage Payees > Add New Payee > Bank Account > Add Payee

To add new payee:

• Click Add New Payee card. 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

2. Select the Bank Account option to create Bank account type of payee. The Add Payee screen appears.

Add Payee - Internal Bank Account

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 add a payee for internal account:

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

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.
Branch	Branch to which the account belongs.
Nickname	Nick name to identify the payment destination (account).

2. In the Account Number field, enter the payee’s account number.
3. In the Account Name field, enter the payee name.
4. Select the appropriate Branch to which the account belongs.
5. Select the appropriate Branch to which the account belongs.
6. In the Nickname field, enter the nick name to identify the payment destination (account).
7. Click Add to add a payee.
   OR
   Click Cancel to cancel the transaction.
8. The Add Payee - Review screen appears. Verify the details, and click Confirm.
   OR
   Click Cancel to cancel the transaction and navigate back to ‘Dashboard’.
9. The success message of add payee appears along with the transaction reference number and the message prompting the user to set the daily limits.
   Click Done to complete the transaction.
   OR
   To initiate a payment to the added payee, click Pay.

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. Customer 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.

Domestic Account transfer - India

To add a payee for domestic account:

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

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).

• In the Payee Name field, enter the name of the payee for identification.

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

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

7. In the Nickname field, enter the nick name to identify the payment destination (account).
8. Click Add to add a payee.
   OR
   Click Cancel to cancel the transaction.
9. The Add Payee - Review screen appears. Verify the details, and click Confirm.
   OR
   Click Cancel to cancel the transaction and navigate back to ‘Dashboard’.
10. The success message of add payee appears along with the transaction reference number and the message prompting the user to set the daily limits.
    Click Done to complete the transaction.
    OR
    To initiate a payment to the added payee, click Pay.

Payee Maintenance – UK Bank Account

Payee Maintenance-as the name says it all, it is a maintenance done for saving payee bank account details. The customer can save a payee bank account 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.

1. Urgent (Requires SWIFT code)
2. Non-Urgent (Requires Sort code)
3. Faster Payment (Requires Sort code)

• International Bank Account : International bank account is also further saved on the basis of network (Swift Code / National Clearing Code / Bank Details) used to transfer.

To maintain a payee for Domestic (UK Payment) 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

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

Field Description

Field Name	Description
Payment Type	Type of UK payment The options are: Urgent (Requires SWIFT code) Non-Urgent (Requires Sort code) Faster Payment (Requires Sort code)
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.
UK Payment - Non-Urgent and Faster payment Below fields appears if you select Non-Urgent or Faster option in Payment Type field.
Sort Code	The sort code.
Sort Code Lookup
Bank Details	Bank details based on the swift code of the bank. It includes: Bank Name Bank Address City and State to which the bank belongs.
UK Payment - Urgent Below fields appears if you select Urgent option in Payment Type field.
Swift Code	The swift code.
Swift Code Lookup
Bank Details	Bank details based on the swift 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.

• In the Payment Type field, select the appropriate network for payment.
• If you select Non-Urgent or Faster payment option:
• In the Account Number field, enter the payee’s account number for transfer.
• In the Account Name field, enter the payee name.
• In the Sort Code field, enter the Sort Code or select it from the lookup.
• Click Submit to fetch bank details.
• If you select Urgentpayment option:
• In the Account Number field, enter the payee’s account number for transfer.
• In the Account Name field, enter the payee name.
• In the Swift Code field, enter the Swift Code or select it from the lookup.
• Click Submit to fetch bank details .
• In the Nickname field, enter the nick name to identify the payment destination (account).
• 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 Verification screen appears if transaction is configured for OTP validation. For more information click here.
• The success message appears.
  Click Done to complete the transaction.
  OR
  To initiate a payment to the added payee, click Pay.

Payee Maintenance – SEPA

Payee Maintenance-as the name says it all, it is a maintenance done for saving payee bank account details. The customer can save a payee bank account 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. Payee Bank’s BIC code details are required to effect the payment. The net work types are as follows:

• Credit Transfer
• Card Payment
• International Bank Account: International bank account is also further saved on the basis of network (Swift Code / National Clearing Code / Bank Details) used to 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

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

Field Description

Field Name	Description
Payment Type	Type of SEPA payment The options are: Card Payment Credit Transfer
Account Number (IBAN)	International bank 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.
Bank Code (BIC)	International Bank code of the debtor 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.

• In the Payment Type field, select the appropriate network for payment.
• In the Account Number field, enter the payee’s account number for transfer.
• In the Account Name field, enter the payee name.
• In the Bank Code (BIC) field, enter the international Bank code of the debtor bank.
• Click Submit to fetch bank details .
• In the Nickname field, enter the nick name to identify the payment destination (account).
• 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 Verification screen appears if transaction is configured for OTP validation. For more information click here.
• The success message appears.
  Click Done to complete the transaction.
  OR
  To initiate a payment to the added payee, click Pay.

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. Customer 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:

To add a payee for international account:

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

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).

• In the Payee Name field, enter the name of the payee for identification.

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

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