To view virtual account(s):

1. Perform the following navigation to access the screen.

   • From the Dashboard, click Toggle menu, click Virtual Account Management, then click Virtual Account. Under Virtual Account, click Close Virtual Account, and then click Initiate Closure.

2. In the Party Name field, select the party name and ID from the drop-down list.
3. In the Virtual Account Number field, enter the Virtual Account Number or user can directly click search button to get all eligible accounts.
4. Enter the other search criteria.
5. Perform the following navigation to access the screen. Click Search.
   • Click Clear to reset the search parameters.
   • Click Clear to reset the search parameters.
   • Click Cancel to cancel the transaction.
   Virtual Account Details Closure screen
   

   
   Description of the illustration virtual-account-closure.png

   
   

   Table 4-15 Virtual Accounts Closure - Field Description

   Field	Description
   Party Name	Select the party name and ID from the drop-down list to view the applicable Virtual Accounts. By default, the primary party of the logged-in user is selected. Note: Based on the party name selection, the mapped Virtual Accounts are displayed.
   Virtual Account Number	Specify the unique identification number assigned to virtual account.
   Virtual Account Name	Specify the name of the Virtual Account
   Show More Options	More options to select search criteria. Below fields appear if you expandShow MoreOptions.
   Virtual Entity	Displays the accrued interest of the Virtual Account selected for closure.
   IBAN	Displays the net balance of the Virtual Account selected for closure.
   Branch Name	Select the Virtual Account for interest liquidation based on positive or negative balance of the selected Virtual Account.
   Currency	Select the currency associated with the Virtual Account.
   Expired	Select the Expiry status of Virtual account
   Search	Option to search Virtual Account Number.
   Search Results	This section displays the search results. Note: User can view only the configured number of Virtual Account Number in the search results. If the search result count exceeds the configured count, an error message appears to refine the search criteria
   Select Virtual Accounts for Closure	Selectthe check box to select the Virtual Account for closure. Selectthe check box on the header row to select all the Virtual Account in the page for closure. Note: User will be able to select all the records in one page of search result using “Select All” check box. Selection will be retained when the user navigates between the pages.
   Virtual Account No. & Name	Displays the Virtual Account Number and name corresponding to the search criteria selected for closure.

Account details

6. Click on the Virtual Account Number to view the account details
   Account details Overlay screen appears.
   

   
   Description of the illustration account-details-overlay.png

   
   

   Table 4-16 Virtual Accounts Selected for Closure - Account details- Field Description

   Field	Description
   Virtual Account Number	Displays the account number
   Virtual Account Name	Displays the name of the Virtual Account holder.
   IBAN	More options to select search criteria. Below fields appear if you expandShow MoreOptions.
   Virtual Entity Name	Displays the accrued interest of the Virtual Account selected for closure.
   Branch Name	Select the Virtual Account for interest liquidation based on positive or negative balance of the selected Virtual Account.
   Expired	Displays the status of Expiry of virtual account.
   Account Expiry Date	Displays the Expiry date of the virtual account.
   Status	Displays the status of the Virtual Account, whether the Virtual Account is active or closed.
   Available Balance	Displays the available balance in the Virtual Account.
   Creation Date	Displays the Virtual Account creation date.
   Product	Displays the product name under which the Virtual Account is opened.
   Real Account Linkage	Displays whether the Virtual Account is linked to the Real Account
   IBAN	Displays the IBAN number of the Virtual Account.
   Virtual Entity ID & Name	Displays the ID and name of the virtual entity corresponding to the Virtual Accounts
   Expired	Displays the Status of Expiry of Virtual Account.
   Virtual Account Branch	Displays the Branch Name of the Virtual Account.
   Virtual Account Current Balance	Displays the current balance of the Virtual Account selected for closure
   Number of Virtual Accounts selected for closure	Displays the number of Virtual Accounts selected for closure.

7. From Select Virtual Accounts from the list, and click Proceed.
   The Virtual Accounts Selected for Closure page appears.

   Figure 4-7 Virtual accounts selected for Closure

   
   

   
   Description of "Figure 4-7 Virtual accounts selected for Closure"

   
   

   Table 4-17 Virtual Accounts Selected for Closure - Field Description

   Field	Description
   Party Name	Displays the party name and ID mapped to the selected Virtual Account
   Info Message	Info message to be shown to the user.
   Virtual Account No. & Name	Displays the account number and name displayed to the user which is selected for closure.
   Current Balance	Displays the current balance of the Virtual Account selected for closure.
   Accrued Interest	Displays the accrued interest of the Virtual Account selected for closure.
   Net Balance	Displays the net balance of the Virtual Account selected for closure.
   Transfer Virtual Account	Select the Virtual Account for interest liquidation based on positive or negative balance of the selected Virtual Account.
   Number of Virtual Accounts selected for closure	Displays the number of Virtual Accounts selected for closure.

8. Click Manage Columns to reorder or modify or save column preferences in Close Virtual Account screen.
   Note:

   If a user decides not to show the Expired Virtual Accounts column, the next time they visit this page and check the box for “Include Expired Virtual Accounts” in their search, only the Expired Virtual Accounts will appear, but the "expired" column will still be hidden.

   View Virtual Account Closure – Manage Columns overlay screen appears.
   

   
   Description of the illustration virtual-account-closure-manage-columns.png

   
   
9. Perform any one of the following action:
   • Select the check box to modify the column preferences.
   • Click Apply to apply the modified columns preferences.
   • ClickResetto reset the columns preferences

Virtual Accounts Selected for Closure

Once user selects the Virtual Account(s) for closure, system will check whether the account has accrued interest that needs to be liquidated & residual balances transferred

• If the Net Balance of an account (sum of current balance and accrued interest) is Zero, user can proceed and close the Virtual Account(s).
• If the Net Balance of an account (sum of current balance and accrued interest) isPositive, then user will be prompted to choose another Virtual Account where the net balance can be transferred. The transfer Virtual Account must be mapped to the same real account and be of same currency as the Virtual Account being closed.
• If the Net Balance (sum of current balance and accrued interest) is Negative,user will be prompted to choose another Virtual Account from where funds can be moved to zero is the negative balance. The transfer Virtual Account must be mapped to the same real account as the Virtual Account being closed and be of same currency

Note:As product feature, balance transfer at the time of closing an account can happen to another Virtual Account mapped to the same real account as the Virtual Account being closed.

10. In the Transfer Virtual Account field, click Search icon to search the virtual account number for interest liquidation based on positive or negative balance of the selected Virtual Account

    TheTransfer Virtual Account – Search Virtual Account overlay appears.

    
    

    
    Description of the illustration transfer-virtual-account-search-virtual-account.png

    
    
11. In the Search Virtual Account overlay screen, select the required filter criteria in the respective fields
12. Click Search to search and select the Virtual Account Number from the list. The search result corresponding to the search criteria is displayed.
    User can also perform any one of the following action:

    ClickClear to clear the search criteria.

    Click Cancel to cancel the transaction.

    Table 4-18 Transfer Virtual Account-Search Virtual Account - Field Description

    Field	Description
    Virtual Account Number	Specify the Virtual Account number.
    Virtual Account Name	Specify the Virtual Account name.
    Virtual Entity	Select the Virtual Entity from the list.
    IBAN	Specify the IBAN number
    Branch Name	Select the branch name of the account.
    Currency	Select the currency of the account.
    Search Results	This section displays the search results. Note: User can view only the configured number of Virtual Account Number in the search results. If the search result count exceeds the configured count, an error message appears to refine the search criteria.
    VirtualAccount No. & Name	Displays the Virtual Account number and name.
    BranchName	Displays the branch name of the account
    Currency	Displays the currency of the account

13. User can perform any one of following action:
    • Click Submit.
    • Click Cancel to cancel the transaction.
14. The Review screen appears. Verify the details and click Confirm. User can also perform the following action:
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to the previous screen.
15. The success message of Virtual Accounts Closure update appears along with the reference number.
    • Click View Closure Details to view the Virtual Account closure details.
    • Click Go To Dashboard to navigate to the dashboard screen.
    • Click Go To Overview to navigate to the Virtual Account management dashboard.