Initiate Payment - Preview Confirmation Details

Introduction

The payment batch with a single debit entry and multiple credit entries can be submitted and confirmed in this screen. The common details of the batch and the list of entries in the batch is displayed.

Navigation

• Click Continue in the Initiate Payment screen.

• The Initiate Payment - Preview Confirmation Details screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

COMMON DETAILS

Transaction Type

The type of transaction, that is, payment  is shown.

Frequency Type

Specifies if it is one time or recurring funds transfer.

Transaction Date

The date of transaction is displayed.

Transaction Currency

The currency of transaction is displayed.

Manual Release Required

This specifies if the transaction is held or not.

Highest Entry Amount

The highest entry amount in the batch of transactions.

Total Transaction Amount

The sum total of credits or debits in the transfer batch.

Total Charge Amount

The total charge amount for the transfer batch

Total Amount

The sum of total transaction amount and total charge amount.

Total Number of Entries

The total number of entries in the cart is displayed.

ENTRIES ADDED

Entry ID

The reference ID for individual transfer entries. On clicking this link the complete details of the transfer entry can be retrieved.

Initiator Detail

The debit account number is displayed. On clicking this, the account details of the account is shown.

Network

The network is within bank network in case of funds transfer.

Counter Party Detail

The destination account is displayed. On clicking this, the details of the account can be viewed.

Charge

The charge amount for the transfer entry is displayed.

Entry Amount

The transaction amount entered for the transfer entry is shown

Total Amount

The sum of entry amount and charge amount is displayed

ADDITIONAL DETAILS

Remark

Provide remarks for confirmation of the payment batch

CONFIRMATION DETAILS

User ID

The user ID of the retail user is to be provided.

Transaction Password / Secure Token Passcode/SMS-based mobi token/device based mobi token/ Digital signature needed during initiation

The retail user needs to authorize based on the authorization mode defined for the retail user. Click Generate Token in case of authorization using mobi token.

Note:

Whenever a transaction is initiated in a joint account by one of the account holders, transaction will go for approval to other holders of the account. If the mode of operation is Either or Survivor no approval is required.

Terms & Conditions

Click the check box to accept the terms and conditions of the transaction and proceed further on submitting the transaction.

Note:

• There will be a hyperlink pressing on which a page with terms and conditions will get opened. User can read the T&C before he accepts them.

• These terms and conditions are maintained in a Content Management System(CMS)

• If the user doesn’t accept the terms and conditions, then the user will not be allowed to proceed further. An error message “Please accept the terms & conditions to submit the transaction” will be displayed.