2.5.4 India Payments Additional Features

Transaction Reassign support

IFSC Directory - Local Bank directory population in common core.

Bulk file processing Creditor Agent Derivation changes in Network Derivation Queue: In India Payments Bulk file Network Derivation, current mandatory check whether creditor agent IFSC is a participant for the Network is removed Creditor Agent IFSC validation is added as part of individual transaction Repair validations.

VAM Account support for Outbound India Payments NEFT/RTGS/IMPS initiated from any channel.

SI Changes for NEFT-RTGS-IMPS: The system is now enhanced to support the maintenance and execution of Standing Instructions for India-specific payment networks – NEFT, RTGS, and IMPS.

Displaying ECA system Accounting Date & Time : Changes are done for displaying ECA system actual Accounting Credit Date & Time in India RTGS /NEFT Inbound View screens in the fields beneficiary credit date and time.

LEI validation Exception Handling: For NEFT/RTGS outbound transactions, changes are done to allow users to repair transactions in cases where LEI validation fails based on the additional preferences configured in Source Network Preferences (Function ID: PMDSORNW).

Multi Branch Access for NEFT, RTGS and IMPS transaction input screens.

Support for auto network reject processing of NEFT/RTGS transactions on receipt of pacs.002/admi.004: The system now supports processing of network rejects received for pacs.008/pacs.009 messages based on user-defined preferences. Users can configure the system to automatically reverse or resend transactions for specific NEFT and RTGS reject codes.

Post to suspense GL support for EAC rejected transactions: Support is provided for posting to Suspense GL EAC rejected inbound NEFT/RTGS transactions.