Add Payee - Bank Account

While adding a payee, the user is provided with the option to either assign an account number to the payee or to define a demand draft template to be used while issuing demand drafts towards the payee.

This section documents the addition of a payee with transfer type as bank account.

• 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:

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 Confirm Account Number field, re-enter the payee’s account number to confirm.
• In the Account Name field, enter the payee name.
• In the Nickname field, enter the nickname to identify the payment destination (account).
• Select the appropriate Access Type for payee.
• Click Add to add a payee.
  OR
  Click Cancel to cancel the transaction. A warning message appears asking the user to confirm cancellation of the operation.
  Click Yes to confirm cancellation of payee creation. The user is navigated to the dashboard.

• Click No to return to the Add Payee screen.

Note: If the user tries to enter the already added account number / network type/ bank details/ nickname, error message that the payee with that account number / network type/ bank details/ nickname already exists appears.

• The Add Payee – Review screen appears. Verify the details, and click Confirm.
  OR
  Click Cancel to cancel the operation.
• The success message of add payee appears along with the transaction reference number, status, Account Type, Account Number and Account Name.
  Click Go to Dashboard, to go to 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 the same country. Hence, while adding a payee that has a domestic bank account, details of the payment network, through which funds are to be transferred, along with the bank and branch in which the payee’s account is held will also need to be captured in addition to the payee details and account specific information.

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 Confirm Account Number field, re-enter the payee’s account number to confirm.
6. In the Account Name field, enter the payee name.
7. In the IFSC Code field, enter the IFSC/ Bank Code or select it from the lookup.
1. If you enter the IFSC 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.
   
2. If you search the IFSC code by clicking the Lookup IFSC Code link.
   In the IFSC Code and Bank Name field, enter either the IFSC code or bank name of the beneficiary bank.
   OR
   Specify either the name of the city or the state in which the payee’s account is held in the fields City or State.
   Click Search. The bank details appear.
   Click the IFSC Code link from the search results. The bank details get populated on the Add Payee – Domestic Account screen.
   
8. In the Nickname field, enter the nickname 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. A warning message appears asking the user to confirm cancellation of the operation.
    Click Yes to confirm cancellation of payee creation. The user is navigated to the dashboard.
    Click No to return to the Add Payee screen.

Note: If the user tries to enter the already added account number / network type/ bank details/ nickname, error message that the payee with that account number / network type/ bank details/ nickname already exists appears.

11. The Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel to cancel the transaction.
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 go to the Dashboard.
    OR
    Click Pay Now to go to Make Payment screen.

Add Payee - Bank Account - International Account Transfer

An international fund transfer involves the transfer of funds to an account that is maintained outside the country and beyond geographical boundaries. Hence, while adding a payee who holds an international account, the user is required to specify extensive details of the payee’s account including the network code to be used to transfer money to the account as well as the details of the bank in which the account is held.

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 Confirm Account Number field, re-enter the payee’s account number to confirm.
6. In the Account Name field, enter the payee name.
7. In the Address Line 1 and 2 enter the address of the payee.
8. In the City field, enter the city of the payee.
9. From the Country list, select the country of the payee.
10. In the Pay Via field, select the appropriate network for payment.
11. • If you select Swift option:
    • In the SWIFT Code field, enter the SWIFT code or select it from the lookup.
    • If you enter the SWIFT code, click Verify to fetch bank details based on Bank Code (BIC).
      
    • If you search the SWIFT code by clicking the Lookup SWIFT Code link.
      In the SWIFT Code and Bank Name field, enter either the SWIFT code or bank name of the beneficiary bank.
      OR
      Specify either the name of the country or the city in which the payee’s account is held in the fields Country or City.
      Click Search. The bank details appear.
      Click the SWIFT Code link from the search results. The bank details get populated on the Add Payee – Domestic Account screen.
      
    • If you select National Clearing code option:
    • In the National Clearing code field, enter the National Clearing code or select it from the lookup.
    • 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.
    • In the City field, enter the city to which the bank belongs.
11. In the Nickname field, enter the nickname to identify the payment destination (account).
12. Select the appropriate Access Type for payee.
13. Click Add to add the payee.
    OR
    Click Cancel to cancel the operation.

Note: If the user tries to enter the already added account number / network type/ bank details/ nickname, error message that the payee with that account number / network type/ bank details/ nickname already exists appears.

14. The Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel , user is directed to the Add Payee – screen with values in editable form.
15. 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 go to Dashboard.
    OR
    Click Pay Now to go to Make Payment screen.

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