NEFT Outbound Payment Validations
Following processing changes/ initial validations are done as part of the transaction
saving:
- Beneficiary ID Validations
- Mandatory Fields / Referential data checks
- Account Type Validations
- NRE Account Validations
- Processing Cutoff Check
- Intra Bank Transfer Check
For current dated transactions, following processing changes are covered during
transaction authorization:
- Network Validations and Special Character Replacement
- Computation of Charge & Tax
- Exception Queue
- Authorization Limits Check
- Transaction cutoff time validation
- Sanction Check
- FX Limit Check
- ECA Check
- Network Cutoff time Check
- Transaction Accounting
- Dispatch Accounting
- Future Value Dated Transaction
- Branch Holiday Parameter
- Beneficiary ID Validation
- Mandatory Fields/ Referential Data Checks
- Account Type Validation
- LEI Validation
- NRE Account Validation
- Processing Cutoff Check
- Intra Bank Transfer Check
- Network Validations and Special Character Replacement
- Computation of Charge and Tax
- Exception Queue
- Authorization Limit Check
- Transaction Cutoff Time Validations
- Sanction Check
- FX Limit Check
- External Credit Approval Check
- Network Cutoff Time Check
- Transaction Accounting
- Dispatch Accounting
- Future Valued Transaction Processing
- Branch Holiday Parameter
Parent topic: NEFT Outbound Payments Processing