Failure Transactions handling for the month of March 2018
The central team of CFMS sends the payment file to RBI for payment to payees’ accounts. The RBI shall communicate the unsuccessful payments list from time to time in the form of Return Notifications. The central team has to re-initiate payment after the DDO furnishes correct the bank account details of payees. Since it is difficult to reach out the DDOs, This office is communicating the RNs to respective DTOs and requesting them to furnish consolidated list of corrected bank details. Upon receipt of such details, the central team of CFMS shall re-initiate the payment to respective payees.
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