1. India NEFT User Guide
  2. NEFT Outbound Payments
  3. NEFT Outbound Payments Processing
  4. NEFT Outbound Payment Validations
  5. Future Valued Transaction Processing

Future Valued Transaction Processing

Future dated NEFT transactions are processed by separate jobs and run on receipt of the Start of Day (SOD, IFN 972) Message.

System identifies the transactions from the Warehouse queue. The transaction job picks up the future dated transactions with the Activation date equal to the current date and also it is equal to the SOD date of the latest IFN 972 message received.

Processing of transactions is completed till sanction check on booking date itself. Transaction processing starts from initial validations again, on the activation date.
  • NEFT Outbound payment rules allow the customers to send the payment requests with future value date. Such requests are processed by the system till sanction check on booking date and is marked as future valued.
  • On value date future dated transaction job processes the payments starting from the initial validations. Future dated transactions are processed by separate jobs.

Parent topic: NEFT Outbound Payment Validations