Repeat Transfers

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.

You are here 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.

Repeat Transfers - Details

To setup Repeat Transfer:

Using this option, you can set the repeat transfer for payee.

  1. All the repeat transfer maintained appears on Repeat Transfers screen.
  2. Click Setup Repeat Transfer to setup a new repeat transfer for the account. The Setup Repeat Transfer screen appears.
  1. In the Transfer Type field, select the appropriate payee for a repeat transfer set up.
  2. If you select Existing Payee option:
  3. From the Payee list, select the payee to whom fund needs to be transfer. The internal / domestic accounts along with the bank details maintained for the selected payee appears.
  4. From the Transfer From list, select the account from which transfer needs to be done.
  5. In the Amount field, enter the amount that needs to be transferred.
    OR
    Click the View Limits link to view the limit of transfer.
  6. From the Transfer Frequency list, select the frequency for the repeat transfer to be executed.
  7. From the Start Transferring list, select date for the Repeat transfer to start executing.
  8. In the Stop Transferring field, select either a date or enter the number of instances.
  9. From the Purpose list, select the appropriate purpose of transfer.
  1. If you select My Account option:
  2. From the Account Number list, select the account to which the fund transfer needs to be done.
  3. From the Transfer From list, select the account from which transfer needs to be done.
  4. In the Amount field, enter the amount that needs to be transferred.
  5. From the Transfer Frequency list, select the frequency for the repeat transfer to be executed.
  6. From the Start Transferring list, select date for the Repeat transfer to start executing.
  7. In the Stop Transferring field, select either a date or enter the number of instances.
  8. Click Setup.
    OR
    Click Cancel to cancel the transaction.
  9. The Review screen appears. Verify the details, and click Confirm .
    OR
    Click Cancel to cancel the transaction.
  10. The success message appears.
  11. Click More Payment Options to go to Bill Payment screen.
    OR
    Click Go To Dashboard to go to Dashboard screen.

FAQs

ClosedCan I make any changes to the post-dated instructions?

Yes, you can cancel the post-dated instructions.

ClosedWhat happens if I have set up a transfer for a future date, but on that date I don't have enough funds in my account to cover the transfer?

In this case, the transfer will not be made. This transfer is done only on availability of funds in your account.

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