Network Cut-off over Check/Release Limit Check
This stage is modified to include Release Limit check if the transfer amount is more than the Release Limit maintained.
Available actions for this check are - Cancel, Carry forward, Release.
Network cut-off check is done only for ‘Customer Transfer’ types as per existing functionality.
Interbank Cutoff Time check is done for ‘Bank Transfer’ and ‘Bank Transfer Own account’ types.
If the Network Cut-off time is passed, the system refers ‘Network Cut-off Extended’ field
value in India Payments Network System Dates (PMDNWSDT) screen:
- If the value is ‘No’, the transaction moves to Future Valued or Warehouse Queue (PQSFUVAQ). Before moving the transaction to Warehouse Queue, the ECA Reversal Request is generated and sent out if ECA was applicable for that transaction.
- If the value is ‘Yes’, the transaction is processed further (Network cut-off time not passed).
If the Network Cut-off is not passed, the system refers ‘EOD Received’ field value in
India Payments Network System Dates (PMDNWSDT) screen.
- If the value is ‘Yes’, the transaction moves to Future Valued or Warehouse Queue (PQSFUVAQ). Before moving the transaction to Warehouse Queue, the ECA Reversal Request is generated and sent out if ECA was applicable for that transaction.
- If the value is ‘No’, the transaction is processed further (Network cut-off time not passed).
Parent topic: India RTGS Outbound Payment Validations