IMPS Process Validations and Pay-out File Edits Quiz

Examples include manually editing the pay-out files, such as changing the amount or account number, or sorting the files manually.

When the name mismatch falls below a 40% matching level, the non-conversion to cheque mode should be considered.

The IMPS process validations are in place to ensure the accuracy and integrity of the transactions being processed.

<p>Wilful bypass of IMPS process Validations = Deliberately ignoring or circumventing the checks in the IMPS process Pay-out files with manual edits = Modifying the pay-out files manually, such as changing the amount or account number Non conversion to cheque mode = Not switching to cheque mode when the name mismatch between MF RTA database and IMPS returns feed data is below 40% matching level</p> Signup and view all the answers

<p>IMPS process Validations = Checks and verifications performed in the IMPS process Pay-out files = Files containing payment information Cheque mode = A mode of payment when there is a name mismatch between MF RTA database and IMPS returns feed data</p> Signup and view all the answers

<p>Name mismatch between MF RTA database and IMPS returns feed data is above 40% matching level = Proceed with the IMPS process Manual edits of Amount / Account number or sorting in pay-out files = Not following the standard process Non conversion to cheque mode when name mismatch is below 40% matching level = Not following the standard process</p> Signup and view all the answers