Initiate Transfer

Introduction

This option allows the retail user to reconfirm the transaction details entered and proceed with the processing of the same. In case of a batch transaction, the list of all the entries are displayed to the user for reconfirmation.

Navigation

• Click Continue in the Initiate Funds Transfer screen.

        OR

• Click Continue in the Modify Transaction - Add New Entry screen.

• The Initiate Transfer 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, self transfer or third party transfer is shown.

Frequency Type

Specifies if it is one time or recurring funds transfer.

Transaction Date

The date of transaction is displayed

Validity Indicator

The validity indicator as selected by customer will be displayed.  For example, Next, previous or skip valid date.

Note:

If there is a currency holiday, based on the validity indicator the date is recalculated.

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 transaction.

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.

CounterParty 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

Marked for Deletion

Indicates whether the entry is marked for deletion.

ADDITIONAL DETAILS

Remark

Provide remarks before submitting the transfer.

CONFIRMATION DETAILS

User ID

Enter the user ID.

Transaction Password/Secure Token Passcode

Based on the authorization mode of the user, provide the transaction password or secure token passcode.

SMS based Mobi Token

This must be entered in case the authorization requires SMS based mobi token.

Device based Mobil Token

This must be entered in case the authorization requires device based mobi token.

Digital Signature needed during initiation

Select this option in case digital signature is required for authorization of the transfer.

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.