Add Payee - Demand Draft

A Demand Draft is a pre-paid negotiable instrument, wherein the issuing bank undertakes to make payment in full when the instrument is presented by the payee. The demand draft is made payable at a specified centre and can be issued in local currency as well as in (allowed) foreign currencies. A foreign currency demand draft can be requested using International Demand Draft while a pay order or local currency demand draft can be requested using Domestic Demand Draft transaction. A Demand Draft, as compared to a cheque is issued by the Bank against the Bank’s own funds and hence there is a reduced risk of the cheque not clearing. Application allows customer to save the payee details of the draft through payee maintenance. 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 :

• Domestic Demand Draft
• International Demand Draft

Application also provides an additional option to have the demand draft delivered at the customer’s convenience. Two options are provided for the same:

• 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

How to reach here:

Payments > Manage Payees > Add New Payee > Demand Draft > 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

• Select the Demand Draft option to create Demand Draft type of payee. The Add Payee - Demand Draft screen appears.

Add Payee - Demand Draft - Domestic

Domestic Draft payee is created to initiate a request to issue a draft which is payable at location within country. Customer provides the payee details, the details of draft to be issued in favour of and the payable location.

To create domestic draft payee:

Field Description

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 City	City of the payee.
Delivery Location	Options to deliver the drafts. The options are: Branch Near Me: Deliver the demand draft to any branch near to the customer My Address: Deliver either the demand draft to customer’s communication address
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.
Branch Address	Complete address of the branch to deliver the draft.
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.

1. In the Payee Name field, enter the name of the payee for identification.
2. In the Draft Type field, select Domestic option.
3. In the Draft Favouring field, enter the name of the payee of the draft.
4. In the Draft payable at City field, select the appropriate information.
5. In the Delivery Location field, select the appropriate draft delivery option.
1. If you select My Address option;
1. From the Address Details list, select the appropriate option.
   The complete address of user as maintained corresponding to the selected address appears.
2. If you select Branch Near Me option;
1. From the State list, select the state of the receiving branch.
2. From the Branch list, select the receiving branch.
   The complete address of selected branch appears.

• Click Add to add a payee.
  OR
  Click Cancel to cancel the transaction.
• The Add Payee - Review screen appears. Verify the details, and click Confirm.
  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 and the message prompting the user to set the daily limits.
  Click Done to complete the transaction.
  OR
  Click Issue to initiate draft issuance to the added payee.
  

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

Add Payee - Demand Draft - International

International Draft payee is created to initiate a request to issue a draft which is payable at location outside country. Customer provides the payee details, the details of draft to be issued in favour of and the payable location.

To create international draft payee:

Field Description

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: Branch Near Me: Deliver the demand draft to any branch near to the customer My Address: Deliver either the demand draft to customer’s communication address
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.
Branch Address	Complete address of the branch to deliver the draft.
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.

1. In the Payee Name field, enter the name of the payee for identification.
2. In the Draft Type field, select International option.
3. In the Draft Favouring field, enter the name of the payee of the draft.
4. In the Draft Payable at Country field, select the appropriate payee country.
5. In the Draft Payable at City field, select the appropriate payee city.
6. In the Delivery Location field, select the appropriate draft delivery option.
1. If you select My Address option;
1. From the Address Details list, select the appropriate option.
   The complete address of user as maintained corresponding to the selected address appears.
2. If you select Branch Near Me option;
1. From the State list, select the state of the receiving branch.
2. From the Branch list, select the receiving branch.
   The complete address of selected branch appears.

• Click Add to add a payee.
  OR
  Click Cancel to cancel the transaction.
• The Add Payee - Review screen appears. Verify the details, and click Confirm.
  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 and the message prompting the user to set the daily limits.
  Click Done to complete the transaction.
  OR
  Click Issue to initiate draft issuance to the added payee.

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

FAQs

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

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

When can I make the payment to newly added payee?

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

Who can access the payees created with access type as ‘Private’?

Private payees can only be accessed by creator of the payee. Only creator of the payee can apply such payees while imitating payment and modify or delete payees.

Who can access the payees created with access type as ‘Public’?

Payee marked as ‘Public are visible to all the users mapped to the PartyA party is any individual or business entity having a banking relationship with the bank. ID of the user who created a payee. All such users will only be able to view and use these payees while initiating payments, whereas they will not be able to edit and delete these payees. Only the creator of the payee is allowed to edit or delete the payees.

If I delete or edit a payee, what will happen to the in-flight transactions?

Payee modification or deletion will not have any impact on the transactions which are initiated with a same payee and are pending for further processing. In-flight transactions will continue to progress with the data with which the transaction was initiated.

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