Payment via SEPA

This screen allows you to make Euro payments to other Banks via SEPA. Payments initiated from this screen should satisfy SEPA requirements and amount should be below EUR50.000

How do I process my payment?

• From Account: Select the account you wish to debit from the dropdown list. Available balance is displayed for each account in the list. Once an account is selected, the current balance and available balance are also displayed.
• Beneficiary List: You have the option to choose a beneficiary already maintained by you from the dropdown list, in which case beneficiary details will be automatically uploaded or choose the ‘Once off beneficiary’ option and enter the applicable beneficiary details.
• Beneficiary Name: If ‘Once off beneficiary’ is selected, enter the beneficiary name.
• Beneficiary Address: Optional Field.
• IBAN Number: If ‘Once off beneficiary’ is selected, enter the beneficiary IBAN. The system will validate if the IBAN is correct.
• Beneficiary Bank: If ‘Once off Beneficiary’ is selected, the Beneficiary Bank's BIC defaults from the IBAN number provided. If for any reason, you wish to change this, use the search button and select the desired SWIFT/BIC.
• Transfer Amount: Enter the transfer amount. In case an FX conversion is involved in the payment, an indicative exchange rate and an indicative equivalent amount will be displayed.
• Value Date: Default value date is the ‘spot’ date for this transaction. In case you wish to change this, click on calendar and select any date up to 12 months in the future. If selected date is not a working day, at submission the system will prompt you to change the date. Same day transactions are not allowed for this type of payment.
• Execution Date: Based on value date selected, the system will return the allowed execution date.
• Payment Details: Enter a description of the transaction.
• End to End Information: An optional field. For SEPA payments, you may enter remittance information to the beneficiary.
• Attach Documentation: For compliance and legal reasons, supporting documentation for the payment needs to be uploaded if necessary. Allowed file formats are jpg and pdf. Maximum upload file size is 17MB.
• Receive Advice on Email: Check this box if you wish to receive the debit advice via email upon completion of the payment by the Bank. For your own security, some data of the advice will be masked.
• Submit: Click to submit the transaction. Once submitted, payment details as well as indicative charges to be debited (if any) will be displayed. You will be asked to enter your One-Time-Password, if required. Click to confirm the payment. You have the option to save the details of the payment as template for future use.
• Transaction Number and Status: The system returns a transaction number and status at the top of the page. Click on the transaction number to view updated transaction status and the transfer details. You can print or save the transfer information using icons.