Repeat Transfers as the name defines, is a type of transfer, which is regular and periodic in nature. All the customer payments which need to be repeatedly done by the customer at a periodic interval can be initiated only once through Repeat Transfers. Once initiated, these will execute repeatedly till the end date.
Application has simplified the customer task of initiating repetitive payments by introducing Repeat Transfers. A repeat transfer can be initiated for the payee for whom maintenance is already done by the customer.
E-Receipt gets generated on successful completion of transaction. E-Receipt gets displayed in Activity Log detailed view.
How to reach here:
Dashboard > Toggle menu > Payments > Setups > Repeat Transfers
To view and to stop Repeat Transfers:
Using this option, you can view the existing repeat transfer details as well as stop the Repeat Transfer instruction.
Field Name |
Description |
---|---|
Payee Name |
Name of the Payee for identification. |
Account Type |
Type of account associated with the Payee. |
Account Number |
Account Number of the payee in masked format. |
Frequency |
Frequency for the repeat transfer to be executed. The options are:
|
Start Date |
Date for the Repeat transfer to start executing. |
Stop Date |
Date when the repeat transfer should stop executing or the instances after which the repeat transfer should stop executing. |
Repeat Transfers - Details
Field Name |
Description |
---|---|
Payee Name |
Name of the Payee for identification. |
Account Type |
Type of account associated with the Payee. |
Account Number |
Account Number of the payee in masked format. |
Branch |
Branch details of the payee. |
From Account |
Source account number along with the account nickname on which repeat transfer is maintained. For more information on Account Nickname, click here. |
Amount |
Amount of the set Repeat Transfer. |
Frequency |
Frequency for the repeat transfer to be executed. The options are:
|
Start Date |
Date for the Repeat transfer to start executing. |
Stop Date |
Date when the repeat transfer should stop executing or the instances after which the periodic transfer should stop executing. |
To setup Repeat Transfer:
Using this option, you can set the repeat transfer for payee.
Field Name |
Description |
---|---|
Transfer Type |
Payee for a repeat transfer set up. The options are:
|
Existing Payee Below fields appears if you select the Existing Payee option is selected in Transfer to field. |
|
Payee |
Destination account number along with destination bank /branch details. |
Account Type |
Account type of the payee. |
Account Number |
Account number along with the account nickname of the payee. For more information on Account Nickname, click here. |
Account Name |
Name of the payee in the bank account. |
Bank Details |
Bank details or BIC code of the payee bank. |
Transfer From |
Account along with the account nickname from which transfer needs to be done. For more information on Account Nickname, click here. |
Balance |
Net balance in the selected account. |
Amount |
Amount that needs to be transferred. |
View Limits |
Link to view the transaction limits for the user. |
Transfer Frequency |
Frequency for the repeat transfer to be executed. The options are:
|
Start Transferring |
Date for the Repeat transfer to start executing. |
Stop Transferring |
Date when the repeat transfer should stop executing or the instances after which the repeat transfer should stop executing. It has two options:
|
Instances |
Number of instances. |
Below fields appears if you select the My Account option is selected in Transfer Type field. |
|
Transfer To |
Account along with the account nickname to which fund transfer needs to be done. For more information on Account Nickname, click here. Note: Lists only own accounts of the user. |
Balance |
Net balance in the selected account. |
Transfer From |
Account along with the account nickname from which transfer needs to be done. For more information on Account Nickname, click here. |
Balance |
Net balance in the selected account. |
Amount |
Amount that needs to be transferred. |
View Limits |
Link to view the transaction limits for the user. |
Transfer Frequency |
Frequency for the repeat transfer to be executed. The options are:
|
Start Transferring |
Date for the Repeat transfer to start executing. |
Stop Transferring |
Date when the repeat transfer should stop executing or the instances after which the repeat transfer should stop executing. It has two options:
|
Instances |
Number of instances. |
Purpose |
Purpose of transfer. This field appears if you select the Existing Payee option is selected in Transfer Type field. |
Note |
Narrative for the transaction. |
FAQs