Create NEFT Payment (India) – ANZ Digital Services Help

Geography: This article is applicable for ANZ Transactive – Global customers banking in India.
Full details are available in Features by Geography.

NEFT Payments will be available from April 2025.
Payment approvals in the ANZ Transactive - Global mobile app, coming soon.
Payment functionality will be delivered in a phased approach, and this article may be updated from time to time to reflect the most up-to-date and relevant information.

About NEFT Payments

What is an NEFT Payment?

NEFT (National Electronic Funds Transfer) allows you to transfer funds from your India domiciled INR account registered to ANZ Transactive – Global, to a beneficiary's India domiciled INR account in India. Funds are credited to the beneficiary account on the same working day.

Payment Method Rules for NEFT Payments

Value date will default with the current or next business date if the payment is created on a non-business date or after payment cut-off
Non-business day - ANZ Transactive – Global will not allow you to create a payment where the Value Date is a non-business day (e.g., weekend, public holiday, bank holiday) or a currency holiday
Future value date can be selected up to 90 days
Cut-off time (non-extended hours) for NEFT payments is 18:00 IST
Payment currency is INR
Maximum payment value (non-extended hours) is 999,999,999,999.99
Maximum payment value (extended hours - all day) is 50,000,000.00
Maximum number of payment instructions is 30,000 for a bulk payment, and 5,000 for an itemised payment.
Individual Debit indicator will not be displayed for Domestic Salary Payments as this will automatically be disabled by default.
Invalid Character rules apply to this payment type.

Who can create an NEFT payment?

Eligible users with Payment Management role permissions and account access can create and manage an NEFT payment based on your organisation's predetermined user permissions and payment settings. These role permissions can include:
- Manage Payments - Adhoc (Adhoc & Approved Beneficiaries)
- Manage Payments - Approved Beneficiary / Templates
- Manage Payments - Import Payments

Who can create and action a Domestic Salary payment?

The Domestic Salary payment option is only available to view and action if you have the following entitlements:
- Payroll - view full payment instructions
- Mask Confidential - view limited payment instructions when approving the payment.
Fields within a salary payment will be masked, including beneficiary name, beneficiary bank, account number, reference and payment amount. These fields will be represented by 'XXXX' and only visible to users with applicable entitlements.

For more information, please refer to Role Permissions and User Permissions.

Payment input screens

Domestic Payment screen

The following image is an example of a domestic payment screen with fields including the division, debit account, payment method, value date and cut-off time, payment name and reference, debit advice description and beneficiary details.

Cut-off time (near the value date) indicates the payment method cut-off time, based on the originating jurisdiction and payment currencies
The time zone and format (near the value date) are displayed as per your Settings & Preferences
The ANZ Transactive - Global mobile app will display the cut-off time in the payment time zone.

Beneficiary Payment Details screen

The following image is an example of a Beneficiary Payment Details screen with fields including the beneficiary's name, address and account details, beneficiary bank details, purpose code, beneficiary email advice option and additional remittance information.
NEFT Beneficiary Payment Details screen.png

Beneficiary Details screen

The following image is an example of the Beneficiary Details screen with fields including the beneficiary bank details, beneficiary's name, address and account details, beneficiary bank details, and beneficiary email address.

My Beneficiary ID is a unique beneficiary identifier. The field is enabled when you tick the 'Add this Beneficiary to your Beneficiaries when the payment is submitted' checkbox. The My Beneficiary ID is visible in the Beneficiaries screen.

Beneficiary Details grid - Masked salary payment

The following image is an example of the Beneficiary Details grid where fields within a salary payment are masked, including beneficiary name, account number, client reference and payment amount. These fields are represented by 'XXXX' and only visible to users with applicable entitlements.
Users without applicable entitlements will receive a pop-up message, "You are not entitled to view instruction details."

Beneficiary Grid - Salary Payment Masked.png

Create NEFT Payment video

Coming soon

Create NEFT payment

There are multiple ways you can create a domestic payment using the NEFT payment method type from the Payments menu. Choose from the following options:

Click Create Payment > Domestic Payment or Domestic Salary Payment (see step-by-step instructions below)
Click Create Payment > Use Payment Template
Click Create Payment > Use Payment File
Click Create Payment > Use Past Payment
Click Current Payments > New > Domestic Payment or Domestic Salary Payment (see step-by-step instructions below)

STEP

ACTION

Click Payments > Create Payment menu, or
Click Payments > Current Payments menu > New.

Click Domestic Payment or Domestic Salary Payment.

If required, select the Division the payment will be made from.
If you are entitled to more than one division, you can set a default division for future payments.

Select the Debit Account.

Select NEFT Payment Method.

Value Date will default with the current business date.
If required, choose a future value date up to 90 days.

Enter a Payment Name up to 35 characters that will appear on payment reports.

Enter a Payment Reference up to 35 characters that will appear within the narrative on the funding account, beneficiary's statement and payment reports.

If required, enter a Debit Advice Description up to 55 characters that will appear on your debit account statement.

If required, tick the Individual Debits indicator to generate a separate debit entry on your account for each individual beneficiary payment instruction.
Not available for Domestic Salary payments.

To reduce the risk of fraud, ANZ recommends you always confirm beneficiary details when processing a payment.

Control Bar

CONTROL BAR ITEM	DESCRIPTION
Add	Add individual Beneficiary details to the payment instruction.
Remove	Tick the checkbox next to the Beneficiary details, then click Remove.
Filter	Filter data on the screen. Enter criteria into one or more text boxes that are under each column heading to display matching records.

Click Add to add one or more beneficiary details using the following options:

Add Beneficiary from your Beneficiaries list

Search and select the Beneficiary from the Beneficiary Name field, then proceed to next steps. If required, click Add again to add additional beneficiaries.

Add New Beneficiary

Users must have entitlements to create new beneficiaries to complete these steps.

STEP	ACTION
1	Click Add New Beneficiary from the Beneficiary Name field.
2	If required, tick 'Add this Beneficiary to your Beneficiaries when the payment is submitted.'
3	Enter Beneficiary Bank Details: Clearing Code - Enter or search for the Beneficiary Bank Clearing code Account Number - Enter the beneficiary account number up to 34 characters Select Account Type Saving Current Overdraft Cash Credit Loan NRE FCRA
4	Enter Beneficiary Details: Beneficiary Name - Enter full legal name or registered legal entity name or beneficiary up to 140 characters Email Address - If required, enter Beneficiary email address(es) up to 255 characters, separated by a comma My Beneficiary ID - Enter your Beneficiary identifier up to 35 characters, if 'Add this Beneficiary to your Beneficiaries' checkbox was selected Country or Region - Select Beneficiary country or region Address Line 1 & 2 - If required, enter Beneficiary address up to 35 characters per line City - If required, enter Beneficiary City up to 35 characters
5	Click Save.
6	If required, click Add again to add additional beneficiaries. Proceed to next steps.

If required, enter Client Reference up to 35 characters if different from the Payment Reference prepopulated.

Enter the Beneficiary payment amount.

If required, click Beneficiary Payment Details icon to view or update additional beneficiary information:

Add or update Beneficiary Payment Details

STEP

ACTION

Add or edit Beneficiary

Add or edit Payment Amount

Add or edit Client Reference

If required, select Purpose Code

Purpose Codes & Descriptions

CODE	DESCRIPTION
OTHERS	OTHERS
P0001	Repatriation of Indian investment abroad (in equity capital (shares))
P0002	Repatriation of Indian investment abroad (in debt securities)
P0003	Repatriation of Indian investment abroad (in branches)
P0004	Repatriation of Indian investment abroad (in subsidiaries and associates)
P0005	Repatriation of Indian investment abroad (in real estate)
P0006	Foreign direct investment in India in eq(uity)
P0007	Foreign direct investment in India in de(bt securities)
P0008	Foreign direct investment in India in re(al estate)
P0009	Foreign portfolio investment in India in (equity shares)
P0010	Foreign portfolio investment in India in (debt securities including debt funds)
P0011	Repayment of loans extended to Non-Resid(ents)
P0012	Long and medium term loans with original
P0013	Short term loans with original maturity (upto one year from Non-Residents to India (Short-term Trade Credit))
P0014	Receipts o/a Non-Resident deposits (FCNR((B)/NR(E)RA, etc.) {ADs should report these even if funds are not “swapped” into Rupees})
P0015	Loans and overdrafts taken by ADs on the(ir own account. (Any amount of loan credited to the NOSTRO account which may not be swapped into Rupees should also be reported))
P0016	Purchase of a foreign currency against a(nother currency)
P0017	Sale of intangible assets like patents, (copyrights, trademarks etc. by Indian companies)
P0018	Other capital receipts not included else(where)
P0091	Purchase from Reserve Bank of India (Cur(rency-wise Totals))
P0092	Purchase from other ADs in India (Curren(cy-wise Totals))
P0093	Purchase from Overseas banks & correspond(ents (Currency-wise Totals))
P0094	debit from the Vostro a/c of overseas ba(nk or correspondents (Country-wise Totals))
P0095	Aggregate Purchases at Branches (Currenc(y-wise Totals))
P0100	Exports (Totals) {N/P/D + Collection bil(ls Realised during Fortnight +Advance received during Fortnight) (Purchases from Public against exports (Currency-wise Totals))}
P0101	Value of export bills negotiated / purch(ased/discounted etc. (covered under GR/PP/SOFTEX/EC copy of shipping bills etc.)
P0102	Realisation of export bills ((in respect (of goods) sent on collection (full invoice value))
P0103	Advance receipts against export contract(s (export of goods only))
P0104	Receipts against export of goods not cov(ered by the GR/PP/SOFTEX/EC copy of shipping bill etc.)
P0105	Export bills (in respect of goods) sent (on collection)
P0106	Conversion of overdue export bills from (NPD to collection mode)
P0107	Realisation of NPD export bills (full va(lue of bill to be reported)
P0144	Purchases from Public against third coun(try exports (Currency-wise Totals))
P0201	Receipts of surplus freight/passenger fa(re by Indian shipping companies operating abroad)
P0202	Purchases on account of operating expens(es of Foreign shipping companies operating in India)
P0205	Purchases on account of operational leas(ing (with crew) – Shipping companies)
P0207	Receipts of surplus freight/passenger fa(re by Indian Airlines companies operating abroad)
P0208	Receipt on account of operating expenses (of Foreign Airlines companies operating in India)
P0211	Purchases on account of operational leas(ing (with crew) –Airlines companies
P0213	Receipts on account of other transportat(ion services (stevedoring, demurrage, port handling charges etc.))
P0301	Purchases towards travel (Includes purch(ases of foreign TCs, currency: notes etc over the counter, by hotels, hospitals, Emporiums, Educational institutions etc. as well as amount received by TT/SWIFT transfers or debit.
P0308	FC surrendered by returning Indian touri(sts)
P0401	Postal services
P0402	Courier services
P0403	Telecommunication services
P0404	Satellite services
P0501	Receipts for cost of construction of ser(vices projects in India)
P0601	Receipts of life insurance premium
P0602	Receipts of freight insurance – relating (to import & export of goods)
P0603	Receipts on account of other general ins(urance premium)
P0604	Receipts of Reinsurance premium
P0605	Receipts on account of Auxiliary service(s {commission on Insurance})
P0606	Receipts on account of settlement of cla(ims)
P0701	Financial intermediation except investme(ment banking – Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc.)
P0702	Investment banking - brokerage, under wr(iting commission etc.)
P0703	Auxiliary services - charges on operatio(n & regulatory fees, custodial services, depository services etc.)
P0801	Hardware consultancy/implementation
P0802	Software consultancy/implementation (oth(er than those covered in SOFTEX form)
P0803	Data base, data processing charges
P0804	Repair and maintenance of computer and s(oftware)
P0805	News agency services
P0806	Other information services- Subscription (to newspapers, periodicals, etc.)
P0807	Off site Software Exports
P0901	Franchises services - patents,copy right(s, trade marks, industrial processes, franchises etc.)
P0902	Receipts for use, through licensing arra(ngements, of produced originals or prototypes (such as manuscripts and films))
P1001	Merchanting Services - net receipt (from (sale and purchase of goods without crossing the border)
P1002	Trade related services - Commission on e(xports/imports)
P1003	Operational leasing services (other than(financial leasing and without operating crew) including charter hire)
P1004	Legal services
P1005	Accounting, auditing, book keeping and t(ax consulting services)
P1006	Business and management consultancy and (public relations services)
P1007	Advertising, trade fair, market research (and public opinion polling services)
P1008	Research & Development services
P1009	Architectural, engineering and other tec(hnical services
P1010	Agricultural, mining and on -site process(ing services – protection against insects & disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc.
P1011	Inward remittance for maintenance of off(ices in India)
P1012	Distribution Services
P1013	Environmental Services
P1019	Other services not included elsewhere
P1101	Audio-visual and related services – serv(ices and associated fees related to production of motion pictures, rentals, fees received by actors, directors, producers an dfees for distribution rights)
P1102	Personal, cultural services such as thos(e related to museums, libraries, archives and sporting activities and fees for correspondence courses of Indian Universities/Institutes
P1201	Maintenance of foreign embassies in Indi(a)
P1203	Maintenance of international institution(s such as offices of IMF missions, World Bank, UNICEF etc. in India)
P1301	Inward remittance from Indian non-reside(nts towards family maintenance and savings)
P1302	Personal gifts and donations
P1303	Donations to religious and charitable in(stitutions in India)
P1304	Grants and donations to governments and (charitable institutions established by the governments
P1306	Receipts / Refund of taxes
P1401	Compensation of employees
P1403	Inward remittance towards interest on lo(ans extended to non-residents (ST/MT/LT loans
P1404	Inward remittance of interest on debt se(curities – debentures / bonds / FRNsetc,)
P1405	Inward remittance towards interest recei(pts of ADs on their own account (on investments)
P1406	Repatriation of profits to India
P1407	Receipt of dividends by Indians
P1501	Refunds / rebates on account of imports
P1502	Reversal of wrong entries, refunds of am(ount remitted for non-imports)
P1503	Remittances (receipts) by residents unde(r international bidding process
P1590	Receipts below Rs. 5,00,000 (Currency-wise Totals)
P1591	Non-Exports equivalent & above Rs. 5,00, ((Currency-wise Totals)
P2088	Opening Balance (Debit Balance in Mirror
P2199	Closing Balance (Debit Balance in Mirror
S0001	Indian investment abroad -in equity (capital (shares))
S0002	Indian investment abroad -in debt securi(ties)
S0003	Indian investment abroad -in branches & (wholly owned subsidiaries)
S0004	Indian investment abroad -in subsidiarie(s and associates)
S0005	Indian investment abroad -in real estate
S0006	Repatriation of Foreign Direct Investmen(t in India- in equity shares)
S0007	Repatriation of Foreign Direct Investmen(t in India- in debt securities)
S0008	Repatriation of Foreign Direct Investmen(t in India- in real estate)
S0009	Repatriation of Foreign Portfolio Invest(ment in India- in equity shares
S0010	Repatriation of Foreign Portfolio Invest(ment in India- in debt securities)
S0011	Loans extended to Non-Residents
S0012	Repayment of long & medium term loans wi
S0013	Repayment of short term loans with origin
S0014	Repatriation of Non-Resident Deposits (F(CNRB/N.RERA etc.)
S0015	Repayment of loans & overdrafts taken by (ADs on their own account)
S0016	Sale of a foreign currency against anoth(er foreign currency)
S0017	Purchase of intangible assets like paten(ts, copyrights, trade marks etc.)
S0018	Other capital payments not included else (Where)
S0091	Sales to Reserve Bank of India (Currency(-wise Totals))
S0092	Sales to other ADs in India (Currency-wi(se Totals))
S0093	Sales to Overseas banks & correspondents ((Currency-wise Totals)
S0094	credit to the vostro a/c of overseas ban(k or correspondents (Country-wise Totals))
S0095	Aggregate Sales at Branches (Currency-wi(se Totals)
S0101	Advance payment against imports
S0102	Payment towards imports- settlement of i(nvoice)
S0103	Imports by diplomatic missions
S0104	Intermediary trade
S0144	Sales to Public against Imports into oth(er countries (Currency-wise Totals)
S0190	Imports below Rs. 500000 (Currency-wise (Totals))
S0191	Imports equivalent & above Rs. 5 Lakhs ((Currency-wise Totals)
S0201	Payments for surplus freight/passenger f(are by foreign shipping companies operating in India)
S0202	Payment for operating expenses of Indian (shipping companies operating abroad)
S0203	Freight on imports – Shipping companies
S0204	Freight on exports – Shipping companies
S0205	Operational leasing (with crew) – Shippi(ng companies)
S0206	Booking of passages abroad – Shipping co(mpanies)
S0207	Payments for surplus freight/passenger f(are by foreign Airlines companies operating in India)
S0208	Operating expenses of Indian Airlines co(mpanies operating abroad)
S0209	Freight on imports – Airlines companies
S0210	Freight on exports – Airlines companies
S0211	Operational leasing (with crew) – Airlin(es companies)
S0212	Booking of passages abroad – Airlines co(mpanies)
S0213	Payments on account of stevedoring, demu(rrage, port handling charges etc.)
S0301	Remittance towards Business travel.
S0302	Travel under basic travel quota (BTQ)
S0303	Travel for pilgrimage
S0304	Travel for medical treatment
S0305	Travel for education (including fees, ho(stel expenses etc.)
S0306	Other travel (international credit cards
S0401	Postal services
S0402	Courier services
S0403	Telecommunication services
S0404	Satellite services
S0501	Construction of projects abroad by India(n companies including import of goods at project site)
S0502	Payments for cost of construction etc. o(f projects executed by foreign companies in India)
S0601	Payments for Life insurance premium
S0602	Freight insurance – relating to import & (export of goods)
S0603	Other general insurance premium
S0604	Reinsurance premium
S0605	Auxiliary services (commission on insura(nce)
S0606	Settlement of claims
S0701	Financial intermediation except investme(nt banking – Bank charges, collection charges, LC charges, cancellation of forward contracts, commission on financial leasing etc.)
S0702	Investment banking – brokerage, under wr(iting commission etc.)
S0703	Auxiliary services – charges on operatio(n & regulatory fees, custodial services, depository services etc.)
S0801	Hardware consultancy/implementation
S0802	Software consultancy / implementation
S0803	Data base, data processing charges
S0804	Repair and maintenance of computer and s(oftware)
S0805	News agency services
S0806	Other information services- Subscription (to newspapers, periodicals)
S0901	Franchises services – patents, copyright(s, trade marks industrial processes, franchises etc.)
S0902	Payment for use, through licensing arran(gements, of produced originals or prototypes (such as manuscripts and films))
S1001	Merchanting services –net payments (from (Sale & purchase of goodes without crossing the border)
S1002	Trade related services – commission on e(xports / imports)
S1003	Operational leasing services (other than ((financial leasing) without operating crew, including charter hire)
S1004	Legal services
S1005	Accounting, auditing, book keeping and t(ax consulting services)
S1006	Business and management consultancy and (public relatios services)
S1007	Advertising, trade fair, market research (and public opinion polling service)
S1008	Research & Development services
S1009	Architectural, engineering and other tec(hnical services)
S1010	Agricultural, mining and on–site process(ing services – protection against insects & disease, increasing of harvest yields, forestry services, mining services like analysis of ores etc.)
S1011	Payments for maintenance of offices abro(ad)
S1012	Distribution Services
S1013	Environmental Services
S1019	Other services not included elsewhere
S1101	Audio-visual and related services – serv(ices and associated fees related to production of motion pictures, rentals, fess received by actors, directors, producers and fees for distribution rights)
S1102	Personal, cultural services such as thos(e related to museums, libraries, archives and sporting activities; fees for correspondence courses abroad)
S1201	Maintenance of Indian embassies abroad
S1202	Remittances by foreign embassies in Indi(a)
S1301	Remittance by non-residents towards fami(ly maintenance and savings)
S1302	Remittance towards personal gifts and do(nations)
S1303	Remittance towards donations to religiou(s and charitable institutions abroad)
S1304	Remittance towards grants and donations (to other governments and charitable institutions established by the governments)
S1305	Contributions/donations by the Governmen (to international institutions)
S1306	Remittance towards payment / refund of t(axes)
S1401	Compensation of employees
S1402	Remittance towards interest on Non-Resid(ent deposits (FCNRB/NRERA/NRNRD/NRSR etc.)
S1403	Remittance towards interest on loans fro(m Non-Residents (ST/MT/LT loans)
S1404	Remittance of interest on debt securitie(s – debentures / bonds / FRNs etc. )
S1405	Remittance towards interest payment by A(Ds on their own account (to VOSTRO a/c holders or the OD on NOSTRO a/c)
S1406	Repatriation of profits
S1407	Payment / repatriation of dividends
S1501	Refunds / rebates / reduction in invoice
S1502	Reversal of wrong entries, refunds of am(ount remitted for non-exports)
S1503	Payments by residents for international (bidding)
S1504	Notional sales when export bills negotia(ted/ purchased/ discounted are dishonoured/ crystallised/ cancelled and reversed from suspense account
S1590	Non-Imports payment below Rs 500000 (Cur(rency-wise Totals)
S1591	Non-Imports equivalent & above Rs. 5 Lak(hs (Currency-wise Totals))
S2088	Opening Balance (Credit Balance in Mirro(r/Credit Balance in Vostro)
S2199	Closing Balance (Credit Balance in Mirro(r/Credit Balance in Vostro)

Enter 20-character Beneficiary LEI^, if Beneficiary LEI is not pre-populated.

If required, enter Remittance Information up to 140 characters. This will appear on the Beneficiary Advice and Payment Detail Report.

If required, enter Additional Information up to 8000 characters. This will appear on the Beneficiary Advice and Payment Detail Report and is not included in the payment.

If required, enter Debit Advice Description up to 55 characters.

If required, tick Email Beneficiary Advice and enter email address(es) up to 255 characters, separated by a comma.

If required, click Upload Document to upload doc, docx, jpg, jpeg or pdf supporting documents for this beneficiary payment instruction, with up to five files not exceeding a total size of 5MB.

Click Save.

Sender Legal Entity Identifier (LEI)*
Enter 20-character Sender LEI, if Sender LEI is not pre-populated.

Do you wish to continue the payment at a later stage?

Yes - Click Save as Draft, then click Cancel and Close Payment to exit out to the payment and return to the Current Payments screen. Payment will be in a Draft status.
No - Continue steps below.

Click Review & Submit.

Click Submit.

RESULT: Payment has been submitted and pending approval.

*Sender LEI is mandatory when any payments made to non-ANZ India beneficiaries exceeds LEI threshold i.e., INR 500,000,000.00.
^Beneficiary LEI is required based on the following conditions:

At least one Beneficiary Bank is non-ANZ India and payment amount is equal to or greater than INR 500,000,000, and
LEI is not already assigned to the entity

Errors and Alerts

Error and alert messages such as 'fields validations' display information about the impacted field(s) and highlights the field(s) in red. Error messages are specific to the payment method types, fields available and particulars validations. You can update the information within the impacted field(s) and continue processing the payment.

Mandatory field validations:

Beneficiary alert notifications:

Error is indicated by a red triangle. Details must be corrected to proceed with payment processing.
Alert with Warning is indicated by an amber triangle. Details can be corrected or accepted to proceed with payment processing.

Errors and Alerts within the Beneficiary Payment Details screen:

Error is indicated by a red triangle. Details must be corrected to proceed with payment processing
Alert with Warning is indicated by an amber triangle. Details can be corrected or accepted to proceed with payment processing

Next Steps

When the payment has been successfully submitted and is now in a Pending Approval status, you can choose from the following on-screen options:

Request Payment Summary Report - Download in CSV, PDF and XLSX
Save Payment as Template - View in Templates menu. Use Payment Template.
Create Another Payment
View this Payment in a Pending Approval status
Click OK to close the payment and return to the Current Payments screen

When the payment has been successfully submitted for approval(s), the next steps can be:

Approve Payment for processing or,
Reject Payment back to the initiator for editing or deleting

Video Transcript