Add Payee - Bank Account

While adding a payee, the user is provided with the selection to either assign an account number to the payee or to define a demand draft template to be used while issuing demand drafts towards the payee.

This section documents the addition of a payee with transfer type every bit bank account.

Internal

Domestic

International

You are here How to reach here:

Dashboard > Payments Widget > Manage Payees & Billers > Add New Payee > Depository financial institution Account
OR
Dashboard > Toggle Carte > Payments > Manage Payees & Billers > Add New Payee > Bank Business relationship
OR
Dashboard > Payments Menu > Transfer Coin > Manage Payees & Billers > Add New Payee > Bank Account

To add together new payee:

  • Click the Add New Payee link on the Manage Payees screen. The pop up screen appears on which to specify the transfer type i.e. bank account or demand draft, appears.
  • Select the Banking company Account option click Ok, to create bank account type of payee. The Add Payee screen appears.

ClosedField Description

Field Proper noun

Description

What type of payee would y'all similar to add?

The transfer blazon of the new payee.

The types can be:

  • Banking company Account
  • Demand Typhoon

Add Payee - Internal Bank Account

While creating a payee that has an internal bank account, i.eastward. an account that is held in the aforementioned banking concern every bit that of the user's, in addition to the basic payee data that needs to exist captured, the account number and branch in which the payee's business relationship is held will likewise need to be identified.

To add a payee with an internal business relationship:

  • In the Account Type field, select the Internal option equally blazon of account associated with the payee.

ClosedField Description

Field Name

Description

Payee Name

Specify the proper name by which the payee is to exist identified.

Account Type

Select the type of account associated with the payee.

The options are:

  • Internal
  • Domestic
  • International

Business relationship Number

Specify the business relationship number of the payee.

Account Proper noun

Enter the name of the payee every bit maintained against the payee's banking concern account.

Nickname

Specify a nickname to exist assigned to the specific account of the payee for the purpose of easy identification.
  2. In the Payee Proper noun field, enter the proper noun of the payee.
  3. In the Account Number field, enter the payee's account number.
  4. In the Account Name field, enter the payee name.
  5. In the Payee Name field, enter the payee's names equally maintained against the payee'south account.
  7. In the Nickname field, enter a nick name a nickname to be assigned to the specific account of the payee.
  8. Click Add to add a payee.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click the Back to Dashboard link, to navigate to the dashboard.
  9. The Add Payee - Review screen appears. Verify the details, and click Confirm.
    OR
    Click Back to navigate back to the previous screen.
    OR
    Click Cancel to abolish the transaction and to navigate back to 'Dashboard'.
  10. The success message appears along with the account details.
    Click Go to Dashboard, to navigate to the dashboard.
    OR
    Click More than Payment Options to access other payment options.
    OR
    Click Pay At present to initiate a fund transfer towards the added payee.
    OR
    Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee'due south account.

Domestic Account transfer

A domestic account transfer is i which involves the transfer of funds to an account that is held with some other bank inside the same state. Hence, while adding a payee that has a domestic banking concern account, details of the payment network, through which funds are to be transferred, along with the banking company and co-operative in which the payee's account is held will also need to be captured in addition to the payee details and account specific information.

Domestic Account - Republic of india

The following steps are applicable for domestic account payee creation if the geographical region configured is Bharat.

To add a payee for domestic account transfer:

  • In the Business relationship Type field, select the option Domestic to indicate the type of business relationship associated with the payee.

ClosedField Clarification

Field Proper noun

Description

Payee Proper name

Specify the name past which the payee is to be identified.

Account Type

Select the type of account associated with the payee.

The options are:

  • Internal
  • Domestic
  • International

Account Number

Specify the account number of the payee.

Account Name

Enter the name of the payee every bit maintained against the payee's banking concern account.

Pay Via

Select the network through which transfers are to be made.

The following options announced as per India region configuration:

  • NEFT
  • RTGS
  • IMPS

IFSC /Bank Code

Specify the IFSC /Bank Code of the payee's account.

IFSC /Bank Code Look up

The following fields are displayed on a pop up window if the Lookup IFSC Code link is selected.

IFSC Code

The facility to lookup bank details based on the IFSC Lawmaking.

Banking concern Name

The facility to lookup the bank details based on bank proper name.

Land

The facility to lookup banking company details by combining search through IFSC Code and Depository financial institution Name along with the state in which the payee'southward business relationship is held.

Metropolis

The facility to lookup bank details by combining search through IFSC Code and Banking company Name along the metropolis in which the payee's account is held.

IFSC Lawmaking Lookup - Search Result

The following details are displayed per tape equally search results arrived at based on the information divers in the search fields.

Bank Name

Proper noun of the banking company.

Branch

Banking company branch name.

Address

The complete address of the bank.

IFSC Code

The IFSC lawmaking value. This value volition be displayed as a link which will exist selectable. On selecting the link, the IFSC lawmaking and bank details are populated on the Add Payee – Domestic Account screen.

Bank Details

The details of the bank that include the IFSC Lawmaking as well as the name and address of the bank and branch in which the payees account is held.

Nickname

Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification.
  • In the Payee Name field, enter the name of the payee for identification.
  1. In the Business relationship Number field, enter the payee'south business relationship number.
  2. In the Account Name field, enter the payee name.
  3. In the Pay Via field, select the specific network for payment.
  4. In the IFSC Lawmaking field, enter the IFSC /Bank Lawmaking or select information technology from the lookup.
  5. If y'all search the IFSC code by clicking the Lookup IFSC Lawmaking link.
    In the IFSC Code and Bank Proper noun field, enter the IFSC code and bank name of the beneficiary bank.
    Specify either the name of the city or the state in which the payee's account is held in the fields City or State.
    Click Search. The banking concern details appear.
    Click the IFSC Code link from the search results. The banking company details become populated on the Add Payee – Domestic Account screen.
    OR
    Enter the IFSC /Bank Lawmaking, click Verify to fetch bank details based on Banking concern Code (BIC).
    OR
    Click Reset to articulate the populated data and enter/ select a new IFSC Code.
  6. In the Nickname field, enter the nick proper noun to be assigned to the specific account of the payee.
  7. Click Add to add a payee.
    OR
    Click Abolish to cancel the transaction.
    OR
    Click the Back to Dashboard link, to navigate to the dashboard.
  8. The Add together Payee - Review screen appears. Verify the details, and click Confirm.
    OR
    Click Back to navigate back to the previous screen.
    OR
    Click Abolish to cancel the transaction and navigate back to 'Dashboard'.
  9. The success message appears forth with the business relationship details.
    Click Become To Dashboard, to navigate to the dashboard.
    OR
    Click More Payment Options to access other payment options.
    OR
    Click Pay Now to initiate fund transfer towards the added payee.
    OR
    Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee's account.

Payee Maintenance – UK Banking concern Account

The following steps are applicable for domestic account payee creation if the geographical region configured is the UK.

To add a payee for domestic account transfer:

  • In the Business relationship Blazon field, select the Domestic option as blazon of account associated with the payee.

ClosedField Description

Field Name

Description

Payee Name

Specify the name past which the payee is to be identified.

Business relationship Blazon

Select the type of account associated with the payee.

The options are:

  • Internal
  • Domestic
  • International

Add Payee – UK Banking company Account

ClosedField Description

Field Proper name

Description

Payment Type

Select the blazon of Uk payment

The options are:

  • Urgent (Requires SWIFT code)
  • Not-Urgent (Requires Sort lawmaking)
  • Faster (Requires Sort code)

Account Number

Specify the business relationship number of the payee.

Account Proper name

Enter the name of the payee as maintained confronting the payee's bank account.

U.k. Payment - Not-Urgent and Faster payment

The following fields are applicable if either of the two options, Non-Urgent or Faster are selected as Payment Blazon.

Sort Lawmaking

Specify the Sort code associated with the payee'due south business relationship.

Sort Code Lookup

The following fields are displayed on a pop upwardly window if the Lookup Sort Code link is selected.

Bank Proper noun

The facility to lookup the depository financial institution details based on bank proper name.

Urban center

The facility to lookup banking company details based on name of the metropolis in which the payee'due south account is held.

Sort Lawmaking Lookup - Search Effect

The post-obit details are displayed per record as search results arrived at based on the data defined in the search fields.

Bank Proper noun

Name of the bank.

Bank co-operative

Bank co-operative name.

Address

The complete accost of the banking company.

Sort Lawmaking

The Sort Code value. This value volition be displayed equally a link which will be selectable. On selecting the link, the Sort code and bank details are populated on the Add Payee – Domestic Account screen.

Banking concern Details

The details of the bank that include the Sort Lawmaking as well as the name and the accost of the bank and branch in which the payee'southward account is held.

UK Payment - Urgent

The following fields are applicable if the option Urgent is selected as Payment Type.

SWIFT Code

Specify the SWIFT code associated with the payee'southward account.

SWIFT Code Lookup

The following fields are displayed on a pop up window if the Lookup SWIFT Code link is selected.

SWIFT Code

The facility to lookup bank details based on the SWIFT Lawmaking.

Bank Name

The facility to lookup the bank details based on banking company name.

Country

The facility to lookup bank details past combining search through SWIFT Code and Banking company Name along with the land in which the payee's account is held.

City

The facility to lookup bank details by combining search through SWIFT Code and Bank Name forth the metropolis in which the payee's account is held.

SWIFT Code Lookup - Search Result

The post-obit details are displayed per record as search results arrived at based on the data defined in the search fields.

Bank Proper noun

Name of the bank.

Accost

The complete address of the banking company.

SWIFT Code

The SWIFT code value. This value will exist displayed as a link which will be selectable. On selecting the link, the SWIFT code and depository financial institution details are populated on the Add Payee – Domestic Account screen.

Nickname

Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification.
  • In the Payee Proper name field, enter the name of the payee for identification.
  • In the Payment Blazon field, select the specific network for payment.
  • If y'all select either theNon-Urgent or Faster payment choice:
  • In the Account Number field, enter the payee'southward business relationship number.
  • In the Account Name field, enter the payee name.
  • In the Sort Code field, enter the Sort Code or select information technology from the lookup.
    OR
    Click Reset to clear the populated data and enter/ select a new Sort Code.
  • Click Verify to fetch banking concern details based on the Sort Code.
  • If you select Urgentpayment option:
  • In the Business relationship Number field, enter the payee'southward account number.
  • In the Account Name field, enter the payee name.
  • In the Swift Code field, enter the Swift Lawmaking or select it from the lookup.
    OR
    Click Reset to clear the populated data and enter/ select a new Swift Code.
  • Click Verify to fetch bank details based on the SWIFT Lawmaking.
  • In the Nickname field, enter the nick name to be assigned to the specific account of the payee.
  • Click Add to add a payee.
    OR
    Click Cancel to abolish the transaction.
    OR

  • Click the Back to Dashboard link, to navigate to the dashboard.

  • The Add Payee – Review screen appears. Verify the details, and click Ostend.
    OR
    Click Back to navigate back to the previous screen.
    OR
    Click Cancel to cancel the transaction and to navigate back to 'Dashboard'.
  • The success bulletin appears forth with the account details.
    Click Get To Dashboard, to navigate to the dashboard.
    OR
    Click More Payment Options to access other payment options.
    OR
    Click Pay Now to initiate fund transfer to the added payee.
    OR
    Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee'south account.

Domestic Account – SEPA Payment

The post-obit steps are applicable for domestic account payee creation if the geographical region configured is any of the member states that comprises the European Spousal relationship.

To add a payee for domestic account transfer:

  • In the Business relationship Type field, select the option Domestic to betoken the type of account associated with the payee.

ClosedField Clarification

Field Name

Description

Payee Name

Specify the name by which the payee is to be identified.

Business relationship Blazon

Select the type of business relationship associated with the payee.

The options are:

  • Internal
  • Domestic
  • International

Payment Blazon

Type of account associated with the payee.

The options are:

  • Menu Payment
  • Credit Transfer

Account Number (IBAN)

Specify the international banking company account number of the Payee.

Account Name

Enter the name of the payee as maintained against the payee's bank business relationship.

Banking concern Lawmaking (BIC)

Enter the international bank code of the bank in which the payee'due south business relationship is held.

Wait upwards Bank (BIC) Lawmaking

The following fields are displayed on a pop up window if the Expect up Banking company (BIC) Lawmaking link is selected.

Look upwards Banking company (BIC) Code

The facility to lookup bank details based on the BIC Code.

Bank Name

The facility to lookup the bank details based on bank name.

City

The facility to lookup bank details by combining search through IFSC Code and Bank Name along the city in which the payee's account is held.

Banking company (BIC) Code Lookup - Search Event

The following details are displayed per record as search results arrived at based on the data divers in the search fields.

Bank Proper noun

Name of the bank.

Address

The complete accost of the bank.

(BIC) Lawmaking

The (BIC) Code value. This value will be displayed as a link which volition be selectable. On selecting the link, the BIC code and bank details are populated on the Add together Payee – Domestic Account screen.

Nickname

Specify a nickname to be assigned to the specific business relationship of the payee for the purpose of easy identification.
  • In the Payee Name field, enter the name of the payee for identification.
  • In the Payment Type field, select the specific network for payment.
  • In the Business relationship Number field, enter the payee's account number.
  • In the Account Proper name field, enter the payee name.
  • In the Bank Code (BIC) field, enter the international Banking concern code of the debtor bank.
    OR
    Click Reset to clear the populated data and enter/ select a new Banking company Code (BIC).
  • Click Verify to fetch bank details.
  • In the Nickname field, enter the nick proper name to place the payment destination (account).
  • Click Add to create the payee.
    OR
    Click Cancel to cancel the transaction.
  • The Add together Payee – Review screen appears. Verify the details, and click Confirm.
    OR
    Click Back to navigate back to the previous screen.
    OR
    Click Cancel to cancel the transaction.
  • The success message appears forth with the business relationship details.
    Click Become To Dashboard, to navigate to the dashboard.
    OR
    Click More Payment Options to admission other payment options.
    OR
    Click Pay Now to initiate fund transfer to the added payee.
    OR
    Click Setup Payee Limits to initiate fix-up daily limits and monthly limits.

Add Payee – International Bank Business relationship

An international fund transfer involves the transfer of funds to an account that is maintained outside the country and beyond geographical boundaries. Hence, while calculation a payee who holds an international account, the user is required to specify extensive details of the payee's account including the network code to be used to transfer coin to the account every bit well equally the details of the banking company in which the account is held.

To add together a payee with an international account:

  • In the Account Blazon field, select the International option as type of account associated with the payee.

ClosedField Clarification

Field Name

Description

Payee Name

Specify the proper name past which the payee is to be identified.

Account Type

Select the type of account associated with the payee.

The options are:

  • Internal
  • Domestic
  • International

Business relationship Number

Specify the business relationship number of the payee.

Account Name

Enter the proper noun of the payee as maintained against the payee's bank business relationship.

Address Line 1- two

Accost of the payee.

City

Metropolis of the payee.

Country

Country of the payee.

Pay Via

Select the network through which the transfer is to take place.

The options are:

  • Swift Code
  • NCC (National Immigration code)
  • Bank Details

SWIFT / National clearing code value

The SWIFT lawmaking will need to be identified if SWIFT Code has been selected in the Pay Via field.

Lookup Swift Code

Link to search the SWIFT lawmaking.

SWIFT code Look upwards

The following fields announced on a pop up window if the Lookup SWIFT Code link is selected.

Swift Code

The facility to lookup bank details based on SWIFT code.

Bank Name

The facility to search for the SWIFT code based on the banking company name.

Country

The facility to search for the SWIFT code based on the state.

City

The facility to search for the SWIFT lawmaking based on city.

SWIFT Code Lookup - Search Result

SWIFT Code

SWIFT code value.

Banking concern Proper noun

Name of the bank.

Address

Displays consummate address of the bank.

National clearing code Look upward

The following fields appear on a pop up window if the Lookup National Clearing Lawmaking link is selected.

NCC Type

The facility to search for the national clearing code by blazon.

NCC Code

The facility to search for banking concern details by defining the national clearing lawmaking.

Depository financial institution Proper noun

The facility to search for the national clearing code by defining the name of the banking concern.

City

The facility to search for the national clearing code by city.

NCC Lookup - Search Result

Bank Name

Proper noun of the banking company.

Branch

Depository financial institution branch name.

Address

Displays complete accost of the depository financial institution.

NCC Code

NCC code of the banking company branch.

Below fields appears if the Banking concern Details option is selected in Pay Via field.

Banking company Name

Name of the bank in which the payee account is held.

Bank accost

Complete address of the depository financial institution at which the payee business relationship is held.

Country

Land of the bank.

City

City to which the bank belongs.

Nickname

Specify a nickname to be assigned to the specific account of the payee for the purpose of easy identification.
  • In the Payee Name field, enter the name of the payee for identification.
    • In the Account Number field, enter the payee'south account number.
    • In the Account Proper name field, enter the payee name.
    • In the Pay Via field, select the appropriate network for payment.
    • If you select Swift selection:
    • In the SWIFT code field, enter the SWIFT code or select it from the lookup.
      OR
      Click Reset to clear the populated data and enter/ select a new SWIFT lawmaking.
    • Click Verify to fetch banking company details based on Bank Lawmaking (BIC).
    • If you select NCC option:
    • In the National Clearing code field, enter the National Clearing lawmaking or select it from the lookup.
    • Click Verify to fetch bank details based on Banking concern Code (BIC).
    • If you select Depository financial institution details option:
    • In the Bank Name field, enter the bank name.
    • In the Depository financial institution Accost field, enter the complete address of the banking company.
    • From the Country list, select the country of the bank.
    • From the Urban center list, select the city to which the bank belongs.
    • In the Nickname field, enter the nick name to be assigned to the specific account of the payee.
    • Click Add together to add a payee.
      OR
      Click Cancel to cancel the transaction.
      OR
      Click the Back to Dashboard link, to navigate to the dashboard.
    • The Add Payee – Review screen appears. Verify the details, and click Confirm.
      OR
      Click Back to navigate back to the previous screen.
      OR
      Click Cancel to cancel the transaction and navigate back to 'Dashboard'.
    • The success message appears along with the account details and payee address.
      Click Go To Dashboard, to navigate to the dashboard.
      OR
      Click More Payment Options to access other payment options.
      OR
      Click Pay Now to initiate fund transfer towards the added payee.
      OR
      Click Setup Payee Limits to assign limits (daily and/or monthly) to the payee's account.

    • Note: For more information on managing payee, click here.

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