Inter Bank Transfer

Objective

• To capture the process for movement of funds between the different bank accounts including cash

Introduction

1. For efficient treasury management, treasurer normally moves fund between different banks accounts in order to maximize returns, prevents idle funds as well as for other transnational reasons

Process

1. Go to Treasury Management Center>>Transaction>>Payment Process>> Inter Bank Transfer
2. Click the (+) button to add new transaction.
3. The header section of the inter bank screen appears as below

Inter Bank Header

1. Select the source bank
2. Enter total transfer amount
3. Completes other relevant fields
4. Click Create Batch button and and the details screen opens as below

Inter Bank Detail

1. Select the destination bank
2. Enter the amount to be transferred to the selected destination bank
3. Completes other relevant fields
4. Click Create Entry button
5. The entry is listed in the detail entry list box below
6. The system allows multiple entries
7. Click Submit for processing button
8. Transaction follows the defined workflow approval route.
9. At final approval,
   • Transaction will be sent to Bill Payment Engine to process payment and inter bank transfer