India RTGS Outbound Payments - Return Processing
Incoming pacs.004.001.03 messages can be received as result of any outgoing payment being returned by beneficiary bank.
| R-transactions | Message type | First Level Matching | First Level Matching | Second level Matching (provided first level is successful) | Second level Matching (provided first level is successful) |
|---|---|---|---|---|---|
| -- | -- | Field No/Field Name | Original transaction field | Field No/Field Name | Original transaction field |
| Return of Outgoing Payments | pacs.004 |
OrgnlGrpInf +OrgnlMsgId TxInf +OrgnlEndToEn dID ++OrgnlTxId |
Message ID Transaction Reference Related Reference |
TxInf ++RtrdIntrBkSttl mAmt ++InstdAgt +++FinInstnId ++++ClrSysMmbI d +++++MmbId |
Transaction Currency & Transfer Amount Sender Branch IFSC |
On finding a parent match, a return transaction is internally created. Return reference,return date, reason code and rejection reason is stored for the returned transaction.
EAC check is performed before accounting handoff for the reversal. There is no sanction check.
Return accounting entries are processed with value date as return processing date. Charges applied as part of original transaction is not reversed.
Original transaction status is updated as ‘Returned’.
Return details are captured for the original transaction and is available for view.
| Dr / Cr | Account | Value Date | TXN_CCY |
|---|---|---|---|
| Dr | Nostro Account | Return Processing Date | Account Currency |
| Cr | Intermediary GL | Return Processing Date | Transfer Currency |
| Dr | Intermediary GL | Return Processing Date | Transfer Currency |
| Cr | Customer Account | Return Processing Date | Transfer Currency |
Parent topic: RTGS Outbound Return Payments