Non - NRE A/c to NRE A/c Payment Check
System checks if the sender’s account type (field:6305) belongs to Non-NRE account type.
This is identified based on the below values present in the field:
- 10 - Savings Bank
- 11 - Current Account
- 13 - Cash Credit
- 14 - Loan Account
- 12 - Overdraft
- 40 - NRE
System checks the Beneficiary account type (field:6310) belongs to NRE account type. This is identified based on the above values present in the field.
If it is resolved as Non-NRE a/c type to NRE a/c type payment, the Inbound payment
transaction is moved to the Repair queue. Available actions in the Repair queue are:
- Repair - Repair processing logic is the same as per functionality.
- Return - Refer to Return of Payments section for more details
In all other account type cases, the transaction moves to the next processing stage.
Validations for Repair Queue:
- Beneficiary Name Check is done. If the validation fails, the Inbound payment transaction is moved to the Repair queue.
- In cases of Invalid beneficiary account or Credit to FCY account, the Inbound payment transaction is moved to the Repair queue.
- If Beneficiary account branch could not be derived based on the Beneficiary branch IFSC (:5569) from the incoming N02 message, then it is moved to the Repair queue.
System validates whether account record is open and authorized.
Parent topic: NEFT Inbound Payment Validations