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.The
Account types supported are as follows:
How to reach here:
Dashboard > Payments Widget > Manage Payees & Billers > Add New Payee > Bank Account
OR
Toggle Menu > Payments > Manage Payees & Billers > Add New Payee > Bank Account
OR
Dashboard > Payments Menu > Transfer Money > Manage Payees & Billers > Add New Payee > Bank Account
To add new payee:
- Click the Add New Payee link on the Manage Payees screen. The pop up screen on which to specify the transfer type i.e. bank account or demand draft, appears.
- Select the Bank Account option and click , to create bank account type of payee. The Add Payee screen appears.
Field Name |
Description |
---|---|
What type of payee would you like to add? |
The transfer type of the new payee. The types can be:
|
Add Payee - Internal Bank Account
While creating a payee that has an internal bank account, i.e. an account that is held in the same bank as that of the user’s, in addition to the basic payee information that needs to be captured, the account number and branch in which the payee’s account is held will also need to be identified.
To add a payee with an internal account:
- In the Account Type field, select the Internal option as type of account associated with the payee.
Field Name |
Description |
---|---|
Payee Name |
Specify the name by which the payee is to be identified. |
Account Type |
Select the type of account associated with the payee. The options are:
|
Account Number |
Specify the account number of the payee. |
Confirm Account Number |
The user is required to re-enter the payee’s account number in this field so as to confirm the same. |
Account Name |
Enter the name of the payee as maintained against the payee’s bank account. |
Nickname |
Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification. |
- In the Payee Name field, enter the name of 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.
- In the Account Name field, enter the payee’s name as maintained against the payee’s account.
- In the Nickname field, enter a nick name to be assigned to the specific account of the payee.
- Click
OR
Click to cancel the transaction.
OR
Click the Back to Dashboard link, to navigate to the dashboard.
to add a payee. - The Add Payee - Review screen appears. Verify the details, and click
OR
Click to cancel the transaction and to navigate back to ‘Dashboard’.
. - The success message appears along with the account details.
Click Go to Dashboard, to navigate to the dashboard.
OR
Click More Payment Options to access other payment options.
OR
Click Pay Now to initiate a fund transfer towards the added payee.
OR
Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee’s account.
Add Payee – Domestic Bank Account
A domestic account transfer is one which involves the transfer of funds to an account that is held with another bank 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.
Domestic Account - India
The following steps are applicable for domestic account payee creation if the geographical region configured is India.
To add a payee for domestic account transfer:
- In the Account Type field, select the option Domestic to indicate the type of account associated with the payee.
Field Name |
Description |
---|---|
Payee Name |
Specify the name by which the payee is to be identified. |
Account Type |
Select the type of account associated with the payee. The options are:
|
Account Number |
Specify the account number of the payee. |
Confirm Account Number |
The user is required to re-enter the payee’s account number in this field so as to confirm the same. |
Account Name |
Enter the name of the payee as maintained against the payee’s bank account. |
IFSC Code |
Specify the IFSC /Bank Code of the payee’s account. |
IFSC Code Look up The following fields are displayed on a pop up window if the Lookup IFSC Code link is selected. |
|
IFSC Code |
The facility to lookup bank details based on the IFSC Code. |
Bank Name |
The facility to lookup the bank details based on bank name. |
State |
The facility to lookup bank details by combining search through IFSC Code and Bank Name along with the state in which the payee’s account is held. |
City |
The facility to lookup bank details by combining search through IFSC Code and Bank Name along the city in which the payee’s account is held. |
IFSC Code Lookup - Search Result The following details are displayed per record as search results arrived at based on the information defined in the search fields. |
|
Bank Name |
Name of the bank. |
Branch |
Bank branch name. |
Address |
The complete address of the bank. |
IFSC Code |
The IFSC code value. This value will be displayed as a link which will be selectable. On selecting the link, the IFSC code and bank details are populated on the Add Payee – Domestic Account screen. |
Bank Details |
The details of the bank that include the IFSC Code as well as the name and address of the bank and branch in which the payees account is held. |
Nickname |
Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification. |
- In the Payee Name field, enter the name of the payee for identification.
- In the Account Number field, enter the payee’s account number.
- In the Confirm Account Number field, re-enter the payee’s account number.
- In the Account Name field, enter the payee name.
- In the IFSC Code field, enter the IFSC /Bank Code or select it from the lookup.
- 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.
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 . 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.
OR
Enter the IFSC /Bank Code, click Verify to fetch bank details based on Bank Code (BIC).
OR
Click to clear the populated data and enter/ select a new IFSC Code. - In the Nickname field, enter a nick name to be assigned to the specific account of the payee.
- Click
OR
Click to cancel the transaction.
OR
Click the Back to Dashboard link, to navigate to the dashboard.
to add a payee. - The Add Payee - Review screen appears. Verify the details, and click
OR
Click to cancel the transaction and to navigate back to ‘Dashboard’.
. - The success message appears along with the account details.
Click Go To Dashboard, to navigate to the dashboard.
OR
Click More Payment Options to access other payment options.
OR
Click Pay Now to initiate fund transfer towards the added payee.
OR
Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee’s account.
Domestic Account – UK
The following steps are applicable for domestic account payee creation if the geographical region configured is the UK.
To add a payee for domestic account transfer:
- In the Account Type field, select the option Domestic option as type of account associated with the payee.
Field Name |
Description |
---|---|
Payee Name |
Specify the name by which the payee is to be identified. |
Account Type |
Select the type of account associated with the payee. The options are:
|
Field Name |
Description |
---|---|
Payment Type |
Select the type of UK payment The options are:
|
Account Number |
Specify the account number of the payee. |
Confirm Account Number |
The user is required to re-enter the payee’s account number in this field so as to confirm the same. |
Account Name |
Enter the name of the payee as maintained against the payee’s bank account. |
UK Payment - Non-Urgent and Faster payment The following fields are applicable if either of the two options, Non-Urgent or Faster are selected as Payment Type. |
|
Sort Code |
Specify the Sort code associated with the payee’s account. |
Sort Code Lookup The following fields are displayed on a pop up window if the Lookup Sort Code link is selected. |
|
Bank Name |
The facility to lookup the bank details based on bank name. |
City |
The facility to lookup bank details based on name of the city in which the payee’s account is held. |
Sort Code Lookup - Search Result The following details are displayed per record as search results arrived at based on the information defined in the search fields. |
|
Bank Name |
Name of the bank. |
Branch |
Bank branch name. |
Address |
The complete address of the bank. |
Sort Code |
The Sort Code value. This value will be displayed as a link which will be selectable. On selecting the link, the Sort code and bank details are populated on the Add Payee – Domestic Account screen. |
Bank Details |
The details of the bank that include the Sort Code as well as the name and the address of the bank and branch in which the payee’s account is held. |
UK Payment - Urgent The following fields are applicable if the option Urgent is selected as Payment Type. |
|
SWIFT Code |
Specify the SWIFT code associated with the payee’s account. |
SWIFT Code Lookup The following fields are displayed on a pop up window if the Lookup SWIFT Code link is selected. |
|
SWIFT Code |
The facility to lookup bank details based on the SWIFT Code. |
Bank Name |
The facility to lookup the bank details based on bank name. |
Country |
The facility to lookup bank details by combining search through SWIFT Code and Bank Name along with the country in which the payee’s account is held. |
City |
The facility to lookup bank details by combining search through SWIFT Code and Bank Name along the city in which the payee’s account is held. |
SWIFT Code Lookup - Search Result The following details are displayed per record as search results arrived at based on the information defined in the search fields. |
|
Bank Name |
Name of the bank. |
Address |
The complete address of the bank. |
SWIFT Code |
The SWIFT code value. This value will be displayed as a link which will be selectable. On selecting the link, the SWIFT code and bank details are populated on the Add Payee – Domestic Account screen. |
Nickname |
Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification. |
- In the Payee Name field, enter the name of the payee for identification.
- In the Payment Type field, select the specific network for payment.
- If you select either the Non-Urgent or Faster payment option:
- In the Account Number field, enter the payee’s account number.
- In the Confirm Account Number field, re-enter the payee’s account number.
- 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 to clear the populated data and enter/ select a new Sort Code. - Click to fetch bank details based on the Sort Code.
- If you select Urgent payment option:
- In the Account Number field, enter the payee’s account number.
- In the Confirm Account Number field, re-enter the payee’s account number.
- 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 to clear the populated data and enter/ select a new SWIFT Code. - Click to fetch bank details based on the SWIFT Code.
- In the Nickname field, enter a nickname to be assigned to the specific account of the payee.
- Click
OR
Click to cancel the transaction.
OR
to add a payee. -
Click the Back to Dashboard link, to navigate to the dashboard.
- The Add Payee – Review screen appears. Verify the details, and click
OR
Click to cancel the transaction and to navigate back to ‘Dashboard’.
. - The success message appears along with the account details.
Click Go to Dashboard, to navigate to the dashboard.
OR
Click More Payment Options to access other payment options.
OR
Click Pay Now to initiate a fund transfer towards the added payee.
OR
Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee’s account.
Domestic Account – SEPA Payment
The following steps are applicable for domestic account payee creation if the geographical region configured is any of the member states that comprises the European Union.
To add a payee for domestic account transfer:
- In the Account Type field, select the option Domestic to indicate the type of account associated with the payee.
Field Name |
Description |
---|---|
Payee Name |
Specify the name by which the payee is to be identified. |
Account Type |
Select the type of account associated with the payee. The options are:
|
Payment Type |
Select the type of SEPA payment applicable to the payee. The options are:
|
Account Number (IBAN) |
Specify the international bank account number of the Payee. |
Confirm Account Number |
Re-enter the payee’s account number in this field so as to confirm the same. |
Account Name |
Enter the name of the payee as maintained against the payee’s bank account. |
Bank Code (BIC) |
Enter the international bank code of the bank in which the payee’s account is held. |
Look up Bank (BIC) Code The following fields are displayed on a pop up window if the Look up Bank (BIC) Code link is selected. |
|
Look up Bank (BIC) Code |
The facility to lookup bank details based on the BIC Code. |
Bank Name |
The facility to lookup the bank details based on bank name. |
City |
The facility to lookup bank details by combining search through Bank (BIC) and Bank Name along the city in which the payee’s account is held. |
Bank (BIC) Code Lookup - Search Result The following details are displayed per record as search results arrived at based on the information defined in the search fields. |
|
Bank Name |
Name of the bank. |
Address |
The complete address of the bank. |
(BIC) Code |
The (BIC) Code value. This value will be displayed as a link which will be selectable. On selecting the link, the BIC code and bank details are populated on the Add Payee – Domestic Account screen. |
Nickname |
Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification. |
- In the Payee Name field, enter the name of the payee for identification.
- In the Payment Type field, select the specific network for payment.
- In the Account Number field, enter the payee’s account number.
- In the Confirm Account Number field, re-enter the payee’s account number.
- In the Account Name field, enter the payee name.
- In the Bank Code (BIC) field, enter the international Bank code of the bank in which the payee’s account is held.
OR
Click to clear the data and enter/ select a new Bank Code (BIC). - Click Verify to fetch bank details.
- In the Nickname field, enter a nickname to be assigned to the specific account of the payee.
- Click
OR
Click to cancel the transaction.
OR
Click the Back to Dashboard link, to navigate to the dashboard.
to add a payee. - The Add Payee – Review screen appears. Verify the details, and click
OR
Click to cancel the transaction and to navigate back to ‘Dashboard’.
. - The success message appears along with the account details.
Click Go to Dashboard, to navigate to the dashboard.
OR
Click More Payment Options to access other payment options.
OR
Click Pay Now to initiate a fund transfer towards the added payee.
OR
Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee’s account.
Add Payee – International Bank Account
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 add a payee with an international account:
- In the Account Type field, select the International option as type of account associated with the payee.
Field Name |
Description |
---|---|
Payee Name |
Specify the name by which the payee is to be identified. |
Account Type |
Select the type of account associated with the payee. The options are:
|
Account Number |
Specify the account number of the payee. |
Confirm Account Number |
The user is required to re-enter the payee’s account number in this field so as to confirm the same. |
Account Name |
Enter the name of the payee as maintained against the payee’s bank account. |
Address Line 1- 2 |
Address of the payee. |
City |
City of the payee. |
Country |
Country of the payee. |
Pay Via |
Select the network through which the transfer is to take place. The options are:
|
SWIFT / National clearing code value |
The SWIFT code will need to be identified if SWIFT Code has been selected in the Pay Via field. |
Lookup SWIFT Code |
Link to search the SWIFT code. |
SWIFT Code Look up The following fields appear on a pop up window if the Lookup SWIFT Code link is selected. |
|
SWIFT Code |
The facility to lookup bank details based on SWIFT code. |
Bank Name |
The facility to search for the SWIFT code based on the bank name. |
Country |
The facility to search for the SWIFT code based on the country. |
City |
The facility to search for the SWIFT code based on city. |
SWIFT Code Lookup - Search Result |
|
Bank Name |
The names of banks as fetched on the basis of the search criteria specified. |
Address |
The complete address of each bank as fetched on the basis of the search criteria specified. |
SWIFT Code |
The list of SWIFT codes as fetched on the basis of the search criteria specified. |
National Clearing Code |
The national clearing code will need to be identified if NCC has been selected in the Pay Via field. |
Lookup National clearing code |
Link to search the National clearing code. |
National clearing code Look up The following fields appear on a pop up window if the Lookup National Clearing Code link is selected. |
|
NCC Type |
The facility to search for the national clearing code by type. |
NCC Code |
The facility to search for bank details by defining the national clearing code. |
Bank Name |
The facility to search for the national clearing code by defining the name of the bank. |
City |
The facility to search for the national clearing code by city. |
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 in which the payee account is held. |
Bank address |
Complete address of the bank at which the payee account is held. |
Country |
Country of the bank. |
City |
City to which the bank belongs. |
Nickname |
Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification. |
- In the Payee Name field, enter the name of the payee for identification.
- In the Account Number field, enter the payee’s account number.
- In the Confirm Account Number field, re-enter the payee’s account number.
- In the Account Name field, enter the payee name.
- In the Address Line 1 and 2 enter the address of the payee.
- In the City field, enter the city of the payee.
- From the Country list, select the country of the payee.
- In the Pay Via field, select the appropriate network for payment.
- If you select Swift option:
- In the SWIFT code field, enter the SWIFT code or select it from the lookup.
- Click to fetch bank details based on Bank Code (BIC).
- If you select NCC option:
- In the National Clearing code field, enter the National Clearing code or select it from the lookup.
- Click 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.
- In the Nickname field, enter a nickname to be assigned to the specific account of the payee.
- Click
OR
Click to cancel the transaction.
OR
Click the Back to Dashboard link, to navigate to the dashboard.
to add a payee. - The Add Payee – Review screen appears. Verify the details, and click
OR
Click to cancel the transaction and to navigate back to ‘Dashboard’.
. - The success message appears along with the reference number, account details and payee address.
Click Go to Dashboard, to navigate to the dashboard.
OR
Click More Payment Options to access other payment options.
OR
Click Pay Now to initiate a fund transfer towards the added payee.
OR
Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee’s account.
Note: For more information on managing payee, click here.