NEFT outbound transactions generates a ‘N06’ outbound payment message.

As per the number of transactions per dispatch maintained in Payments Common Preferences screen (PMDNFTPF), system bundles the no. of transactions and dispatches N06 message, once the defined number of transactions are met.

On the time interval specified in the Dispatch maintenance, even if the number of transactions are not met, residual messages are dispatched as bundle.

The N06 messages in the bundle are dispatched /handed off to SFMS network for further processing.

Upon successful processing of N06, dispatch accounting is generated and is handed off.