Payee Maintenance - Bank Account

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

Internal Bank Account

Domestic Bank Account

Domestic Account can also be classified on the basis of Relationship Type as:

• Domestic Bank Account – India (NEFT, RTGS, IMPS)
• Domestic Bank Account – UK (Urgent, Non-urgent, Faster UK payments)
• Domestic Bank Account – SEPA (SEPA Credit Transfer, SEPA Card Payment)

International Bank Account

International bank account is also further saved on the basis of network used to transfer. The network types are as follows:

• Swift Code
• National Clearing Code
• Bank Details

How to reach here:

Dashboard > Payments Widget > Manage Payees & Billers > Add New Payee > Bank Account > Add Payee
OR
Dashboard > Toggle Menu > Payments > Manage Payees & Billers > Add New Payee > Bank Account > Add Payee
OR
Dashboard > Payments Menu > Transfer Money > Manage Payees & Billers > Add New Payee > Bank Account > 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

2. Select the Bank Account option click Ok, to create Bank account type of payee. The Add Payee screen appears.

Add Payee - Internal Bank Account

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 add a payee for internal account:

• In the Account Type field, select the Internal option as type of account associated with the payee.

Field Description

Field Name	Description
Payee Name	Name of the payee for identification.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International
Account Number	Account number of the payee.
Account Name	Name of the payee in the bank account.
Nickname	Nick name to identify the payment destination (account).

2. In the Payee Name field, enter the name of the payee.
3. In the Account Number field, enter the payee’s account number.
4. In the Account Name field, enter the payee name.
5. In the Payee Name field, enter the payee's account name.
6. In the Nickname field, enter the nick name to identify the payment destination (account).
7. 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.
8. The Add Payee - Review screen appears. Verify the details, and click Confirm.
   OR
   Click Cancel to cancel the transaction and navigate back to ‘Dashboard’.
9. The success message of submitting the request appears.
   Click Go To Dashboard, to navigate to the dashboard.
   OR
   Click More Payment Options to pay bills and go to other payment options.
   OR
   Click Pay Now to initiate fund transfer to the added payee.

Domestic Account transfer

Domestic Bank Account payee is created to transfer to the funds to an account which is maintained outside the Bank but within country. Customer provides payee details along with the bank account number and the IFSC of a destination Bank also specifies a payment network using which the payment to be processed.

Domestic Account transfer - India

To add a payee for domestic account:

• In the Account Type field, select the Domestic option as type of account associated with the payee.

Field Description

Field Name	Description
Payee Name	Name of the payee for identification.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International
Account Number	Account number of the payee.
Account Name	Name of the payee in the bank account.
Pay Via	Network for payment. The options are: NEFT RTGS IMPS
IFSC /Bank Code	IFSC /Bank Code.
IFSC /Bank Code
IFSC Code	IFSC code of the beneficiary bank account. This field appears if you click the Lookup IFSC Code link.
Bank Name	Bank name corresponding to IFSC code. This field appears if you click the Lookup IFSC Code link.
State	State of the beneficiary bank. This field appears if you click the Lookup IFSC Code link.
City	City of the beneficiary bank. This field appears if you click the Lookup IFSC Code link.
IFSC Code Lookup - Search Result
Bank Name	Name of the bank.
City	City to which the bank belongs.
Branch	Bank branch name.
Address	Displays complete address of the bank.
IFSC Code	IFSC code value.
Bank Details	Bank details based on the IFSC code of the bank. It includes: Bank Name Bank Address City and State to which the bank belongs.
Nickname	Nick name to identify the payment destination (account).

• In the Payee Name field, enter the name of the payee for identification.

3. In the Account Number field, enter the payee’s account number.
4. In the Account Name field, enter the payee name.
5. In the Pay Via field, select the appropriate network for payment.
6. In the IFSC Code field, enter the IFSC /Bank Code or select it from the lookup.
7. If you search the IFSC code by clicking the Lookup IFSC Code link.
   In the IFSC Code and Bank Name field, enter the IFSC code and bank name of the beneficiary bank.
   In the State/ City field, enter the IFSC code of the beneficiary bank.
   Click Search. The bank details appear.
   Click the searched IFSC Code link, it gets populated in the IFSC Code field.
   OR
   Enter the IFSC /Bank Code, click Verify to fetch bank details based on Bank Code (BIC).
   OR
   Click Reset to clear the populated data and enter/ select a new IFSC Code.
   
8. In the Nickname field, enter the nick name to identify the payment destination (account).
9. 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.
10. The Add Payee - Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel to cancel the transaction and navigate back to ‘Dashboard’.
11. 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 fund transfer to the added payee.

Payee Maintenance – UK Bank Account

Payee Maintenance-as the name says it all, it is a maintenance done for saving payee bank account details. The customer can save a payee bank account as per below mentioned Bank Account types:

• Internal Bank Account
• Domestic Bank Account : Domestic account further can be saved on the basis of network used to transfer.

1. Urgent (Requires SWIFT code)
2. Non-Urgent (Requires Sort code)
3. Faster Payment (Requires Sort code)

• International Bank Account : International bank account is also further saved on the basis of network (Swift Code / National Clearing Code / Bank Details) used to transfer.

To maintain a payee for Domestic (UK Payment) account transfer:

Field Description

Field Name	Description
Payee Name	Name of the payee for identification.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International

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

Field Description

Field Name	Description
Payment Type	Type of UK payment The options are: Urgent (Requires SWIFT code) Non-Urgent (Requires Sort code) Faster Payment (Requires Sort code)
Account Number	Account number of the payee.
Account Name	Name of the payee in the bank account. Note: Name should be same as maintained in the bank against that account number.
UK Payment - Non-Urgent and Faster payment Below fields appears if you select Non-Urgent or Faster option in Payment Type field.
Sort Code	The sort code.
Sort Code Lookup
Bank Details	Bank details based on the swift code of the bank. It includes: Bank Name Bank Address City and State to which the bank belongs.
UK Payment - Urgent Below fields appears if you select Urgent option in Payment Type field.
Swift Code	The swift code.
Swift Code Lookup
Bank Details	Bank details based on the swift code of the bank. It includes: Bank Name Bank Address City and State to which the bank belongs.
Nickname	Nick name to identify the payment destination (account). Note: 1) Nick name should be unique for the payee. 2) Space between alphabets /numbers will not be considered for uniqueness check.

• In the Payment Type field, select the appropriate network for payment.
• If you select Non-Urgent or Faster payment option:
• In the Account Number field, enter the payee’s account number for transfer.
• In the Account Name field, enter the payee name.
• In the Sort Code field, enter the Sort Code or select it from the lookup.
  OR
  Click Reset to clear the populated data and enter/ select a new Sort Code.
• Click Submit to fetch bank details.
• If you select Urgentpayment option:
• In the Account Number field, enter the payee’s account number for transfer.
• In the Account Name field, enter the payee name.
• In the Swift Code field, enter the Swift Code or select it from the lookup.
  OR
  Click Reset to clear the populated data and enter/ select a new Swift Code.
• Click Submit to fetch bank details.
• In the Nickname field, enter the nick name to identify the payment destination (account).
• Click Add to create the payee.
  OR
  Click Cancel to cancel the transaction.
  OR

• Click the Back To Dashboard link, to navigate to the dashboard.

• The Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the transaction.
• 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 fund transfer to the added payee.

Payee Maintenance – SEPA

Payee Maintenance-as the name says it all, it is a maintenance done for saving payee bank account details. The customer can save a payee bank account as per below mentioned Bank Account types:

• Internal Bank Account
• Domestic Bank Account :Domestic account further can be saved on the basis of network used to transfer. Payee Bank’s BIC code details are required to effect the payment. The net work types are as follows:

• Credit Transfer
• Card Payment
• International Bank Account: International bank account is also further saved on the basis of network (Swift Code / National Clearing Code / Bank Details) used to transfer.

Field Description

Field Name	Description
Payee Name	Name of the payee for identification.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International

1. Repeat Step 1 & 2 of To add new payee section.
2. In the Payee Name field, enter the name of the payee for identification.
3. In the Account Type field, select the Domestic option as type of account associated with the payee.

Field Description

Field Name	Description
Payment Type	Type of SEPA payment The options are: Card Payment Credit Transfer
Account Number (IBAN)	International bank account number of the Payee.
Account Name	Name of the payee in the bank account. Note: Name should be same as maintained in the bank against that account number.
Bank Code (BIC)	International Bank code of the debtor bank.
Nickname	Nick name to identify the payment destination (account). Note: 1) Nick name should be unique for the payee. 2) Space between alphabets /numbers will not be considered for uniqueness check.

• In the Payment Type field, select the appropriate network for payment.
• In the Account Number field, enter the payee’s account number for transfer.
• In the Account Name field, enter the payee name.
• In the Bank Code (BIC) field, enter the international Bank code of the debtor bank.
  OR
  Click Reset to clear the populated data and enter/ select a new Bank Code (BIC).
• Click Submit to fetch bank details.
• In the Nickname field, enter the nick name to identify the payment destination (account).
• Click Add to create the payee.
  OR
  Click Cancel to cancel the transaction.
• The Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the transaction.
• The success message of submitting the request appears.
  Click Go To Dashboard, to navigate to the dashboard.
  OR
  Click More Payment Options to pay bills and go to other payment options.
  OR
  Click Pay Now to initiate fund transfer to the added payee.

Add Payee – International Bank Account

International Bank Account payee is created to transfer to the funds to an account which is maintained outside the country and beyond geographical boundaries. Customer 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 to be processed.

To add a payee for international account:

• In the Account Type field, select the International option as type of account associated with the payee.

Field Description

Field Name	Description
Payee Name	Name of the payee for identification.
Account Type	Type of account associated with the payee. The type can be: Internal Domestic International
Account Number	Account number for the transfer.
Account Name	Name of the payee as in payee's bank.
Pay Via	Network for payment. The options are: Swift Code NCC (National Clearing code) Bank Details
SWIFT / National clearing code value	SWIFT code /National Clearing code value.
SWIFT code Look up Below fields appears if the SWIFT Code option is selected in Pay Via field.
Lookup Swift Code	Link to search the SWIFT code.
Swift Code	Search the bank using Swift Code.
Bank Name	Search Swift code of the bank using Bank Name.
Country	Search Swift code of the bank using country name.
City	Search Swift code of the bank using city name.
Swift Lookup - Search Result
SWIFT Code	SWIFT code value.
Bank Name	Name of the bank.
City	City to which the bank belongs.
Branch	Bank branch name.
Country	Country of the bank.
Address	Displays complete address of the bank.
National clearing code Look up Below fields appears if the NCC option is selected in Pay Via field.
Lookup National clearing code	Link to search the National clearing code.
NCC Type	Search national clearing code of the bank by selecting type of NCC.
NCC Code	Search the bank details by entering NCC code.
Bank Name	Search national clearing code of the bank using bank name.
City	Search national clearing code of the bank using city name.
NCC Lookup - Search Result
Bank Name	Name of the bank.
Branch	Bank branch name.
Address	Displays complete address of the bank.
NCC Code	NCC code of the bank branch.
Bank Details	Bank details based on the Swift / National clearing code selected for the bank.
Below fields appears if the Bank Details option is selected in Pay Via field.
Bank Name	Name of the bank.
Bank address	Complete address of the bank.
Country	Country of the bank.
City	City to which the bank belongs.
Nickname	Nick name to identify the payment destination (account).

• In the Payee Name field, enter the name of the payee for identification.

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

Home

Copyright Information

View Table of Contents