1. India RTGS User Guide
  2. RTGS Outbound Transaction Input
  3. RTGS Outbound Payments Processing
  4. India RTGS Outbound Payment Validations
  5. Debtor Account Branch IFSC Check

Debtor Account Branch IFSC Check

  • This is derived based on the Branch code and Bank Code (mapped to IFSC Code) combination (STDBKMNT) if available and populated in pacs.008/pacs.009 for Debtor Agent field.
  • If Debtor account branch IFSC (: Debtor Agent) could not be derived, outgoing transaction moves to process exception (PE) queue.
System does the validation for the debtor account type if it is NRE/NRO.
  • If the debtor account type is NRE, then the sender to receiver information Line 1 (Unstructured) automatically populates the codeword ‘NRE’ and from the second line with static text as “Sender is NRE. Please ensure compliance to RBI/FEMA regulation before applying funds”.
When the user clicks the 'Enrich/Save' button, the system checks for the following NRE account type validations:
  • If you select Beneficiary Account Type 'NRE' (40), then you must select Debtor Account Type also 'NRE' (40). Else system rejects the transaction with an error message PTTXP-018 'If Beneficiary Account Type is NRE, then Debtor Account Type must be NRE.'
  • If you select Debtor Account Type 'NRE' (40), then you can select Beneficiary Account Type as any account from drop-down lists, such as Savings Bank (10), Current Account (11), Cash Credit (13), Loan Account (14), Overdraft (12), NRE (40), and Credit Card (52).

System checks the Account Type Value present in the incoming channel requests for Debtor Account Type and Beneficiary Account Type.

If the user selects any value other than the LOV available for Debtor Account Type and Beneficiary Account Type, the system rejects the transaction.

The Beneficiary Account Type field is optional. System checks the Account Type restrictions validations for Beneficiary Account Type, only when Beneficiary Account Type value is present.

Parent topic: India RTGS Outbound Payment Validations