3.17 India Payments

IFSC Directory - Local Bank directory population in common core

Changes are done to populate Local Bank Directory in common core to reflect the entries done in IFSC Directory maintenance from UI or through Proliferation Message upload.

Bulk file processing - Changes in default creditor agent validation in NR queue

In India Payments Bulk file Network Derivation, current mandatory check whether creditor agent IFSC is a participant for the Network is relaxed. Creditor Agent IFSC validation is added as part of individual transaction Repair validations for Payment Types India RTGS/NEFT/IMPS.

VAM Account Support - Outbound India Payments

VAM Account support for Outbound India Payments NEFT/RTGS/IMPS initiated from any channel.

SI Changes for NEFT-RTGS-IMPS

The system is now enhanced to support the maintenance and execution of Standing Instructions for India-specific payment networks – NEFT, RTGS, and IMPS. This enhancement allows users to set up recurring payment instructions that will be executed automatically as per the defined frequency and schedule.

NEFT ISO LEI and FCRA additional changes

Following additional changes are incorporated as part of NEFT ISO migration:
  1. LEI Related Changes: In scenarios where either the Sender LEI or Beneficiary LEI is not available, the available LEI number must be populated, and the missing one should be indicated as NA.
  2. FCRA Remittance Information Enhancements: A new system parameter NEFT_ISO_FCRA_DELIMITER is added . If the value is maintained as Y, then changes are made to format FCRA Remittance Information as below:
    • The remittance information should now be structured across three lines, excluding the Batch ID. Each line must include only one pipe ("|") delimiter, separating the two segments of information.
    • If data is unavailable for either segment on any line, NA must be used in the respective segment to maintain the format integrity.

NEFT UTR generation changes

Mandatory prefix /XUTR/ is removed .UTR format is updated as below with length as 22:

XXXX - Sender IFSC [4]

X - Payment System [1]. Value should be N

X - Channel [1] , default is 6

YYYYMMDD - Date [8]

Nnnnnnnn - Sequence Number [8]

India IMPs - User-Agent not populated in NPCI request header

If IMPS_USER_AGENT_HEAD_REQD system parameter is maintained as Y, then User-Agent populated in NPCI request header is based on the value maintained for the system parameter IMPS_USER_AGENT_HEAD_VALUE. This is done to support the test requests sent.

Parent topic: Release Enhancements