Question

Bulk Supplier Payment for DSB bank India

  • 6 February 2023
  • 2 replies
  • 27 views

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Is there any bank file type available for the creation of a bulk supplier payment to the DSB bank of India?

 


2 replies

Userlevel 6
Badge +19

Hello

Have you contacted bank if they accept files in ISO20022 format. This would make a lot easier preparing an external output file using supplier payment proposal. There are various topics in the community for it. 

Good luck 

Userlevel 7
Badge +18

Hi, 

I agree with GUMABS, ISO is a good option as so many countries / banks are moving to ISO20022 these days.  You may be able to search the web for your bank (for India) and ISO20022.  The downside for ISO20022 is that not all countries / banks support this “global” payment standard.  

Suggestion would be to contact the bank and find out what formal payment files are accepted.  In many countries the payment formats are somewhat limited and somewhat consistent /country specific.  

You can see the screen Payment Formats per company in IFS to see a listing of payment formats that are available. 

Regards, 

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