1.60 Process Mode of Payment Detail

This topic provides the systematic instructions to define Mode of Payment in pension module.

User can maintain different auto-clearing period for each payment mode. Automatic clearing of pension orders enables seamless settlement of pension orders for both individual payments and bulk settlement from employers.

1. On Home screen, type PADMPAYS in the text box, and click Next.
   The Mode Of Payment Detail screen is displayed.

   Figure 1-94 Mode Of Payment Detail

   
   

   
   Description of "Figure 1-94 Mode Of Payment Detail"

   
   
2. On Mode Of Payment Detail screen, click New to enter the details.
3. All Payment modes will be available in this screen. For Pension module; pension orders will support Cheque and Money transfer payment modes only.
   You can use system calendar to derive the maximum clearing period.

   Payment Mode – Cheque

   • Case 1: If cheque date is not provided, the system will use Order instruction date + maximum clearing period for auto-clearing.
   • Case 2: If instruction date is greater than or same as cheque date, then the system will use instruction date + maximum clearing period for auto-clearing.
   • Case 3: If instruction date is less than cheque date, then the system will use cheque date + maximum clearing period for auto-clearing.

     Table 1-82 Cheque Date details

     Cheque Date	Order Instruction Date	Max Clearing Period	Auto-clearing Date
     NULL	5-Sep-18	3	8-Sep-18
     4-Sep-18	5-Sep-18	3	8-Sep-18
     6-Sep-18	5-Sep-18	3	9-Sep-18

   Payment Mode – Money Transfer

   The system will use Order date + maximum clearing period for auto-clearing.

   Table 1-83 Order Instruction details

   Order Instruction Date	Max Clearing Period	Auto-clearing Date
   5-Sep-18	1	6-Sep-18

For further details, refer Mode of Payment section in Maintaining Reference Information chapter in Reference_Information user manual.