Incoming NEFT payments processing remains the same, except changes done for credit card payments. The following are the processing steps:

• System checks the Account type received in N02 field 6310. If the value of this field is ‘52’, it indicates that it is a credit card payment.
• System then checks the beneficiary branch IFSC received in N02 field 5569 and validates it for credit card IFSC.
• System checks the credit account resolution as follows:
  • The 16-digit beneficiary account is the credit card number and not the valid customer account number to be credited.
  • Beneficiary name matching validation is not applicable.
  • System checks the first 6-digits of the beneficiary account number (Credit Card Number) against the BIN No. maintained on the Biller maintenance screen.
  • As per BIN No., the system fetches the Credit Account of the biller maintained in the Biller Maintenance screen.
  • For uploaded transactions in case, the system is unable to derive IFSC or the BIN No. then the transaction moves to the Process Exception queue.
  • For manual input screen on click of Enrich user action screen displays an error message.
• For normal Inbound NEFT transactions, if the Beneficiary account is a valid account then the Beneficiary account number populates in the credit account number field. It means that for normal inbound NEFT transactions Beneficiary Account Number and Credit Account Number have the same value.
• System checks the accounting entries as follows:
  • System considers the credit account from the Credit Account Number’ field while posting the accounting entries to credit the transaction amount.
  • System maps the Beneficiary Account Number to the field ‘ as it is from the N02 field 6061, during Accounting Handoff to FC core.