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. Beneficiary 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:

Dashboard > Payments Widget > Manage Payees & Billers > Add New Payee > Demand Draft > Add Payee

OR

Dashboard > Toggle Menu > Payments > Manage Payees & Billers > Add New Payee > Demand Draft > Add Payee
OR
Dashboard > Payments Menu > Transfer Money > Manage Payees & Billers > Add New Payee > Demand Draft > Add Payee

To add new payee:

• Click the Add New Payee link. 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 click Ok, to create Demand Draft type of payee. The Add Payee 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.
City	City of the receiving branch where the draft to be delivered.
Branch Near Me	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.
Select Address	The address at which the demand draft is to be delivered. The options are: Work Residence Postal
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 Select Address 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 City list, select the state of the receiving branch.
2. From the Branch Near Me 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.
  OR
  Click the Back to Dashboard link, to navigate to the dashboard.
• 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 submitting the request appears.
  Click Go to Dashboard, to navigate to the dashboard.
  OR
  Click More Payment Options to go to other payment options.
  OR
  Click Pay Now 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 favor 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 in which the draft is payable.
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 My Address option in draft delivery location.
Select Address	The address at which the demand draft is to be delivered. The options are: Work Residence Postal
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.
Below section appears if you select the Branch Near Me option in draft delivery location.
City	City of the receiving branch where the draft to be delivered.
Branch Near Me	Branch name to deliver the draft.
Branch Address	Complete address of the branch to deliver the draft.

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 Select Address 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 City list, select the cityof the receiving branch.
2. From the Branch Near Me 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.
  OR
  Click the Back to Dashboard link, to navigate to the dashboard.
• 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 submitting the request appears.
  Click Go to Dashboard, to navigate to the dashboard.
  OR
  Click More Payment Options to go to other payment options.
  OR
  Click Pay Now 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 only after certain cooling period (the time set by the bank during which fund transfer is not allowed to a newly added payee) or set a future date for the transaction to take place.

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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