1.25.1 Print Redemption, Dividend or Fee / Incentive instruments

This topic provides the systematic instructions to print Redemption, Dividend or Fee/Incentive instruments.

1. Specify the following information to print redemption, dividend or fee / incentive checks in the Check Printing screen.
   • The name of the fund in which the transactions were put through, in respect of which the payment instrument is being printed. You can also specify the ISIN Code of the fund.
   • Whether the payment instruments must be printed online, spooled for printing at a later juncture or to be handed off to an external agency for printing.
   • The payment instrument, check, demand draft or outstation check as applicable.
   • An amount range within which payment instruments must be printed.
   • Select the Display Records for Selecting box if you wish to display and sort the transactions in respect of which you want to print the payment instrument.
2. Click Ok after you have specified this information.
3. If you have selected the Display Records for Selecting box, all the transactions in respect of which the instruments are to be printed, are displayed in the lower Display section of the screen.
   • The Check Printing Information section is also displayed, where you can indicate your sorting specifications, for selecting the instruments to be printed.
   • The parameters according to which the transactions retrieved by the search function must be sorted.
   • The date to be printed on the payment instrument. For online printing, the starting instrument number. The transactions are now displayed, sorted according to your sorting options.

For dividend checks

4. View the following information for dividend checks.
   • The ID of the Unit Holder who is the recipient of the dividend.
   • The payment number of the dividend.
   • The ID of the fund for which the dividend was declared and the product under which the fund is classified.
   • The corporate action type that resulted in the dividend declaration, i.e., either Cash or Stock dividend.
   • The payment details, such as the bank and branch, check amount and currency. The payout bank is reckoned from the sorting options specified, and the payout bank details specified for the module ID, fund ID and payment mode combination maintained for dividend payments, in the AGY Bank Branch Details Maintenance.
   • The AMC ID

For redemption or fee / incentive checks

5. View the following information for redemption or fee / incentive checks.
   • The number of the transaction that resulted in a redemption or fee / incentive payment.
   • The ID of the Unit Holder who entered into the transaction that resulted in a redemption or fee / incentive payment.
   • The ID of the fund in which the transaction was put through
   • The payment details, such as the check amount and currency, and the payout bank details. The payout bank is reckoned from the sorting options specified, and the payout bank details specified for the module ID, fund ID and payment mode combination maintained for redemption payments, in the AGY Bank Branch Details Maintenance.
   • The AMC ID

The Payout Bank details

The default bank accounts to which the payment will be directed, is sorted based on the zip code in the address details of the unit holders cashing the payment, and is extracted from the AGY Bank Branch Details maintenance.

6. View the sorting of payment collection details and is based on the following parameters.
   • The zip codes in the address details of unit holders cashing the payment instrument.
   • The zip codes serviced by the default local and correspondent banks, to which the AMC would direct the payment.
   • The limit payment amount that can be serviced by each local or correspondent bank to which the AMC directs payment.
7. Change the payout bank account details, and specify any of the other banks maintained in the AGY Bank Branch Details for the AMC, redemption or dividend payments, and fund ID combination. Select from the drop down list.

For Outstation checks

8. Specify the relevant commission amount.
9. Select the transaction after specifying sort options in respect of which you want to print the payment instrument, and click the Print button to trigger printing.