N03 Message Processing
NEFT Clearing Centre Reject of outbound Payment (N06) or Reject of N07 is explained in this section.
System parses the inbound N03 reject message which has a group of outbound payment transactions bundled in a single message.
Processing Steps:
- Field (:2006) ‘Related Reference Number’ in the N03 message (Repeated Groups) is
matched against the ‘Transaction reference number’ field (:2020) of the original
outgoing payment transaction/message (N06 – Repeating Group).
OR
- Field (:2006) ‘Related Reference Number’ in the N03 message (Repeating Groups) is matched against ‘Transaction reference number’ field (:2020) of the return transaction/message (N07 – Repeating Group).
| The reason codes that are used for (N03) rescheduling at RBI NEFT center are: | -- |
|---|---|
| 094 | Batch does not exist on Saturday |
| 098 | Holiday at RBI |
| 099 | Past Value Date |
| 100 | Late Arrival for a batch |
When the reject code is of ‘Reschedule Type’
N06 - Network Reject (Reschedule)
Note:
As per RBI Circular, this message (N03) is for the information of the originating bank and no re-initiation of the message is required.Transactions in the 'Rescheduled' message status is allowed for further processing in its life-cycle (Return, Credit Done).
Network Reject details are updated with Reject Reference, Reject Code, Rejection Reason (as per N03 Mapping) for the Outbound Payment.
This can be viewed in the Outbound - View Screen.
N07 - Network Reject (Reschedule)
Network Reject details are updated with Reject Reference, Reject Code, Rejection Reason (as per N03 Mapping) for the Inward Return.
This can be viewed in the Inbound - View Screen.
No further action is required on the return transaction.
Parent topic: NEFT - Network Rejects