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Creating a single recurring transaction

You can create recurring payments for performing repetitive payments using a particular account. Click the (info) icon to view the additional transaction information:

•       Company Details

•       Payment Source

•       Product

•       Type

•       Entered By

To create a single recurring transaction

1.     Navigate to Payments.     

2.     Click Recurring Transactions. The Recurring Transaction page is displayed.

3.     Select the required Profile and click Next.

4.     Specify the recurring transaction details:

•       Start date: Specify the start date for the recurring transaction.

•       End date: Select the end date for the recurring transaction.

•       Type of date: The Type of Date on which the payment is to be made is auto-displayed as Effective date.

•       Frequency: Select the required frequency for the recurring transaction. The available options are:

–       Daily: Select daily and specify the period for which you want the recurring transaction to recur.

–       Weekly: Select weekly and specify the period. You can also specify the day of the week on which you want the recurring transaction to recur using the Reference Day field.

–       Monthly: Select monthly and specify the period. Using the Reference Day field, you can specify the exact date on which the transaction should recur.

–       Specific Day: Select the Specific Day. You can select the particular day of the week on which you want the recurring transaction to recur.

•       Holiday action: Specify whether the recurring transaction must be executed on the Previous Business Day or Next Business Day, if the execution date of the recurring transaction falls on a holiday. You can also choose to skip the recurring transaction if the execution date falls on a holiday.

•       Next date: The next execution date for the recurring transaction is auto-displayed.

5.     For more details about payment related fields, see:

Specifying account transfer payment details

Specifying interbank transfer payment details

Specifying international payment details

Specifying wire payment details

Specifying physical payment details

Specifying request to transfer payment details

Where to go from here

Verifying and submitting a recurring transaction