Add Payee - Bank Account

User can create Bank Account payee as per below mentioned Bank Account types.

• Internal Bank Account
• Domestic Bank Account :
  Domestic account further can be saved on the basis of the network used for funds transfer. Domestic clearing code of the payee bank account is required to effect the payment through below networks. The Domestic Networks are configurable and are displayed as per region.
• International Bank Account:
  International bank account is also further saved on the basis of network used for funds transfer. The network types are as follows:
• Swift Code
• National Clearing Code
• Bank Details

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.

Add Payee - Bank Account – Internal Account Transfer

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 are captured while creating a payee.

To create a payee for internal account transfer:

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

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

• In the Account Number field, enter the payee’s account number.
• In the Account Name field, enter the payee name.
• In the Nickname field, enter the nick name to identify the payment destination (account).
• Select the appropriate Access Type for payee.
• Click Add to add a payee.
  OR
  Click Cancel to system asks for confirmation and on confirming, navigates to dashboard.
  
• The Add Payee – Review screen appears. Verify the details, and click Confirm.
  OR
  Click Back to navigate back to the previous screen.
  OR
  Click Cancel , user is directed to the Add Payee with values in editable form.
• The success message of add payee appears along with the transaction reference number, status, Account Type, Account Number, Account Name and Bank Details.
  Click Go To Dashboard, to navigate to the dashboard.
  OR
  Click Pay Now to go to Make Payment screen.
  

Add 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).
   
   

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

Add Payee - 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. • If you select Swift option:
   • In the SWIFT code field, enter the SWIFT code or select it from the lookup.

   • Note: Click Verify to fetch bank details based on Bank Code (BIC).
     

   • If you select National Clearing code option:
   • In the National Clearing code field, enter the National Clearing code or select it from the lookup.

   • Note: Click Verify to fetch bank details based on Bank Code (BIC).
     

   • If you select Bank details option:
   • In the Bank Name field, enter the bank name.
   • In the Bank Address field, enter the complete address of the bank.
   • From the Country list, select the country of the bank.
   • From the City list, select the city to which the bank belongs.
7. In the Nickname field, enter the nickname 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 Back to navigate back to the previous screen.
    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, status, Account Type, Account Name, Account Number, Bank Details and Payee Address.
    Click Go To Dashboard, to navigate to the dashboard.
    OR
    Click Pay Now to go to Make Payment screen.

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