Add Payee - Bank Account

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

You are here How to reach here:

Dashboard > Toggle menu > Payments > Setups > Manage Payees > Create

To create new payee:

  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.
  1. In the Payee Name field, enter the name of the payee for identification.
  2. In the Account Type field, select the Internal option as type of account associated with the payee.

Bank Account - Domestic Account Transfer

Domestic Bank Account payee is created to transfer 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, and specifies a payment network using which the payment to be processed.

To create a payee for domestic account transfer:

  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).

  9. In the Nickname field, enter the nick name to identify the payment destination (account).
  10. Select the appropriate Access Type for payee.
  11. Click Add to add the payee.
    OR
    Click Cancel to cancel the transaction.
  12. The Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel , user is directed to the Add Payee – screen with values in editable form.
  13. The success message of add payee appears along with the transaction reference number.
  14. Click Pay Nowto go to Make Payment screen.
    OR
    Click Go To Dashboard to go to Dashboard screen.

Bank Account - International Account Transfer

International Bank Account payee is created to transfer 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 is to be processed.

To create a payee for international account transfer:

  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. 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 system asks for confirmation and on confirming, navigates to dashboard.
  10. The Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel , user is directed to the Add Payee – screen with values in editable form.
  11. The success message of add payee appears along with the transaction reference number.
  12. Click Pay Nowto go to Make Payment screen.
    OR
    Click Go To Dashboard to go to Dashboard screen.

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