Adhoc Payment

An adhoc transfer is one which is used to transfer funds from the user’s account to a beneficiary/payee account which is not registered with the bank. Since the transfer is towards an unregistered beneficiary, the user is required to specify all the details of the beneficiary including bank and branch details (depending on the type of transfer) along with transfer details while initiating an adhoc transfer.

Pre-Requisites

• Transaction and account access is provided to the corporate user.
• Approval rules are set up for corporate user to perform the required actions.
• Transaction working window is maintained.
• Purposes of Payments are maintained. This is specific to Internal and Domestic Payments.
• Transaction limits are assigned to the user to perform the transaction.

Workflow

Features Supported In the application

The following types of transactions are supported under Adhoc Payments

• Internal Transfer
• Domestic Transfer
• International Transfer

How to reach here:

Dashboard > Toggle menu > Payments > Payments and Transfers > Adhoc Payment
OR
Dashboard > Quick Links > Adhoc Payment

Adhoc Payment – Internal Fund Transfer

An Internal Bank Account transfer is a transfer to an account which is maintained within the Bank. Basic payee details i.e. the name of the payee and payee account number are captured. In addition to the payee details, the user is also required to specify transfer specific details while initiating an adhoc internal transfer. The user can also view the transaction limits associated with a current transaction.

An E-Receipt gets generated on successful completion of the transaction in the Core Banking application. The E-Receipt gets displayed in Activity Log detailed view.

To initiate an internal fund transfer:

• From the Account Type field, select the option Internal. The fields in which the user can enter details required to initiate an internal account transfer appear.

2. In the Account Number field, enter the payee’s account number.
3. In the Confirm Account Number field, re-enter the payee’s account number to confirm the same.
4. In the Account Name field, enter the payee's name.
5. From the Transfer From account list, select the account from which the transfer needs to be made.
6. From the Currency field, select the currency in which the transfer is to be made.
   In case of Internal and Domestic Transfers, the transfer currency will always be the local currency of the country in which the source and beneficiary accounts are held.
7. In the Amount field, enter the transfer amount.
   OR
   Click the View Limits link to view the transfer limit.
8. In the Transfer when field, select the option to indicate when the transfer is to take place.
1. If you select the option Now, the transfer will be made on the same day.
   OR
   If you select the option Later in the Transfer when field, select the date on which you want the transfer to be initiated from the Transfer Date field.
9. In the Note field, specify a note or remarks.
10. Click Pay to initiate the transfer.
    OR
    Click Cancel to cancel the transaction.
11. The Adhoc Internal Transfer - Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel to cancel the transaction and to be navigated to the Dashboard.
    OR
    Click Back , return to the Adhoc Payment screen on which all the information entered will be retained in the respective fields
12. The success message appears, along with the reference number, host reference number, status and payment details of the transaction.
    Click Add as Payee? to register the beneficiary of the transfer as a payee.
    OR
    Click Go to Dashboard to go to the Dashboard screen.
    OR
    Click the e-Receipt link to download the electronic receipt. For more information, click here.

Adhoc Payment – Domestic Fund Transfer

A domestic transfer is one which involves the transfer of funds to an account held with another bank within the same country. In addition to the payee name and payee account number, the customer is also required to specify details of the bank in which the payee’s account is held along with the mode/ network of transfer. The customer must also specify transfer specific details including when the transfer is to take place and the purpose of the transfer.

To initiate a domestic fund transfer:

• From the Account Type field, select the option Domestic. The fields in which the user can enter details required to initiate a domestic fund transfer appear.

Adhoc Domestic Payment

2. In the Account Number field, enter the payee’s account number.
3. In the Confirm Account Number field, re-enter the payee’s account number to confirm the same.
4. In the Account Name field, enter the payee name.
5. From the Payee Account Type list, select the type of account associated with the payee.
6. In the IFSC Code field, enter the IFSC /Bank Code or select it from the lookup.
   Click Verify to fetch bank details based on Bank Code (BIC).
7. In the Pay Via field, select a network, out of the enabled networks, for payment.
8. From the Transfer From account list, select the account from which the transfer needs to be made
9. From the Currency field, select the currency in which the transfer is to be made.
   In case of Internal and Domestic Transfers, the transfer currency will always be the local currency of the country in which the source and beneficiary accounts are held.
10. In the Amount field, enter the transfer amount.
    Click the View Limits link to view the transfer limits.
    

9. In the Transfer when field, select the option to indicate when the transfer is to take place.
1. If you select the option Now, the transfer will be made on the same day.
   OR
   If you select the option Later, in the Transfer when field, select the date on which you want the transfer to be initiated from the Transfer Date field.
10. From the Purpose list, select the purpose for which the transfer is being made.
11. In the Note field, specify a note or remarks.
12. Click Pay.
    OR
    Click Cancel to cancel the transaction.
13. The Adhoc Domestic Payment - Review screen appears. Verify the details, and click Confirm.
    OR
    Click Cancel to cancel the transaction and to be navigated to the Dashboard.
    OR
    Click Back to return to the Adhoc Domestic Payment screen on which all information entered previously will be retained in the respective fields.
14. The success message appears, along with the reference number, host reference number, status and payment details of the transaction.
    Click Add as Payee? to register the beneficiary of the transfer as a payee.
    OR
    Click Go to Dashboard to go to Dashboard screen.
    OR
    Click the e-Receipt link to download the electronic receipt. For more information, click here.

Adhoc Payment – International Fund Transfer

An international fund transfer involves the transfer of funds to an account that is maintained outside the country and beyond geographical boundaries. While initiating an adhoc international fund transfer, the customer is required to specify payee details which include the payee account number, clearing code of the bank in which the payee’s account is held along with the network through which the transfer is to be processed. Details specific to the transfer type must also be defined which include identifying the party who is to bear correspondence charges and defining payment details.

To initiate an international fund transfer:

• From the Account Type field, select the option International. The fields in which the user can enter details required to initiate an international fund transfer appear.

2. 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 the same.

4. In the Account Name field, enter the payee name.
5. In the Pay Via field, select the appropriate network for payment.
1. If you select Swift option:
1. In the SWIFT code field, enter the SWIFT code or select it from the lookup.
2. Click Verify to fetch bank details based on Bank Code (BIC).
2. If you select National Clearing code option:
1. In the National Clearing code field, enter the National Clearing code or select it from the lookup.
2. Click Verify to fetch bank details based on Bank Code (BIC).
3. If you select Bank details option:
1. In the Bank Name field, enter the bank name.
2. In the Bank Address field, enter the complete address of the bank.
3. From the Country list, select the country of the bank.
4. From the City list, select the city to which the bank belongs.
6. From the Transfer From account list, select the account from which transfer needs to be made.
7. From the Currency field, select the currency in which the transfer is to be made.
8. In the Amount field, enter the transfer amount.
   OR
   Click the View Limits link to view the transfer limits.

8. In the Transfer when field, select the option to indicate when the transfer is to take place.
1. If you select the option Now , the transfer will be made on the same day.
   OR
   If you select the option Later, in the Transfer when field, select the date on which you want the transfer to be initiated from the Transfer Date field.
9. From the Correspondence Charges list, select the party by whom the transfer charges are to be borne.
10. In the Transfer via Intermediary Bank field, select the appropriate option.
11. If you have selected Yes option in the Transfer via Intermediary Bank field, select the appropriate network for payment in the Pay Via field.
1. If you select Swift option:
1. In the SWIFT code field, enter the SWIFT code or select it from the lookup.
2. Click Verify to fetch bank details based on Bank Code (BIC).
2. If you select National Clearing code option:
1. In the National Clearing code field, enter the National Clearing code or select it from the lookup.
2. Click Verify to fetch bank details based on Bank Code (BIC).
3. If you select Bank details option:
1. In the Bank Name field, enter the bank name.
2. In the Bank Address field, enter the complete address of the bank.
3. From the Country list, select the country of the bank.
4. From the City list, select the city to which the bank belongs.
5. In the Payment Details field, enter the details about the fund transfer.
6. From the Note list, select the appropriate remarks.
7. In the Note field, specify a note or remarks.
8. Click Pay.
   OR
   Click Cancel to cancel the transaction.
9. The Adhoc International Transfer – Review screen appears. Verify the details, and click Confirm.
   OR
   Click Cancel to cancel the transaction and to be navigated to the Dashboard.
   OR
   Click Back to return to the Adhoc Transfer screen on which all information entered will be retained in the respective fields.
10. The success message appears, along with the reference number, status and payment details of the transaction.
    Click Add as Payee? to add the adhoc payee.
    OR
    OR

11. Click Go to Dashboard to go to Dashboard screen.
    OR
    Click the e-Receipt link to download the electronic receipt. For more information, click here.

• Click Add as Payee? option to register the beneficiary as a payee. The Add Payee screen appears with the information of the beneficiary prepopulated in the respective fields.
  

• Click Add to register the beneficiary as a payee. The payee gets created.
  OR
  Click Cancel to cancel the operation and to navigate to the dashboard.

• Note: For more information on payee creation, Refer the Add Payee - Bank Account.

FAQs

Can I use the adhoc transfer transaction to transfer funds towards the repayment of a loan which I hold in the same bank?

No, fund transfers can be made only to current or savings account through the adhoc transfer transaction

Can I set a future date for a fund transfer?

You can set a future date for a payment using Pay Later payment option.

What happens if I have set up a future dated transfer, but don't have enough funds in my account on the transaction date for the transfer?

Balance check will not be performed at the time of transaction initiation with future date. The transaction will get declined in case of insufficient funds in the account on the given transaction date.

What happens if the transaction amount is less than set Transaction Limit?

If the transaction amount is less or more than transaction limit set by the Bank, user cannot proceed to make payment.

Can I make a payment to an account which is currently not registered as my payee?

Yes, you can make payment to the accounts which are not registered as payees.

Do separate transactions limits get defined if I initiate a transfer using Adhoc Transfer and using Transfer Money by selecting a payee?

Transactions limits are defined based on each payment network. The same limits get utilized if the transaction is initiated from Adhoc Transfer or by using Transfer Money (provided the payment network is the same).

When can I generate e-receipt?

The user can generate an e-receipt, after successful transaction processing in the Core banking application. The user can download it, from the Activity log – detailed view screen.

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