Processing Remittances
It is possible to process:
- Inter-Branch Remittance - within same bank
- Inter- Bank Remittance - to other Correspondent Banks / Branch
Support for test key generation is available for outward Inter-Bank remittances. Instrument type for Outward Remittance is 'Remittance-outward' (RO).
It is possible to register the Inward remittance details received from Correspondent banks validating the Test Keys received. The payment of such remittances is supported from the designated payable branch. Instrument Type Remittance-Inward (RI) is to be used for registration of Inward remittances.