5.2.1 NEFT Outbound Payments - Returns Processing

Return of outgoing payment is received as pacs.004 message

Incoming pacs.004 messages can be received as result of any outgoing payment being returned by beneficiary bank.

The parent transaction is fetched based on following matching fields:

pacs.004.001.10 tags	pacs.008.001.09 tags
Original End to End Identification <OrgnlEndToEndId>	End To End Identification <End- ToEndId>
Original Transaction Identification <OrgnlTxId>	Transaction Identification <TxId>

On finding a parent match, a return transaction is internally created. Return reference, return date, reason code and rejection reason are stored for the returned transaction.

EAC check is performed before accounting handoff for the reversal. There is no sanction check.

Return accounting entries are processed with value date as return processing date. Charges applied as part of original transaction are reversed.

Original transaction status is updated as ‘Returned’. Return details are captured for the original transaction and are available for view.

Following are the entries posted for the return of outbound transaction with the negative of transfer amount:

Dr/Cr	Account	Value Date	TXN_CCY
Dr	Clearing GL	Return Processing Date	Account Currency
Cr	Intermediary GL	Return Processing Date	Transfer Currency
Dr	Intermediary GL	Return Processing Date	Transfer Currency
Cr	Customer Account	Return Processing Date	Transfer Currency

This is a backup screen NEFT Return of Outgoing Payment (PTDOTRTN) to manually process return of outgoing payments.