Remitter Bank definition

Remitter Bank means a bank holding a bank account of the Payer where the Debit of the UPI instruction is received from the Payer to be executed on real time basis.
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Remitter Bank means the payer bank where the Remitter maintains the bank account.
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Remitter Bank means a bank holding a bank account of the Payer (remitter) where the Debit of the UPI instruction is executed on real time basis.
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Examples of Remitter Bank in a sentence

  • Total registrations crossed 10 Crores• IMPS: Top Remitter Bank within peer group based on transaction volumes as per NPCI.

  • The Issuer Bank has to mandatorily decrypt the PIN and/or any other data using HSM only.In case the Remitter Bank & Payer PSP are same entities, then the PSP may send pre-approved transaction to NPCI and need not use NPCI Libraries.

  • Remitter Bank - All UPI users need to have a banking account with a UPI enabled bank.

  • Remitter Bank participating in UPI, they would need to follow UPI defined standard processes in Registering Customers Bank Account, Set/Change PIN and Mobile Banking Registration in any PSP App.

  • For Pay requests & Collect Request initiated/authorised from Payer PSP App which is different from the Remitter Bank, NPCI libraries will be used for capturing the auth credentials.

  • Given the current market conditions and the significant judgment involved, there is a continuing risk, that further declines in fair value may occur and additional material other-than-temporary impairments may be recorded in future periods.

  • It can be initiated in cases where the Payer PSP &Remitter Bank are same entity.

  • If the PSP uses NPCI Libraries, then NPCI will necessarily process both the Debit Request & the Credit Request even though the payer PSP and Remitter Bank are same entities.In case the Remitter Bank & Payer PSP are different entities, then the Payer PSP has to mandatorily use NPCI Libraries to capture the PIN.

  • Beneficiary- Beneficiary Bank/PPI- Remitter- Remitter Bank/ PPI- National Financial Switch - NPCI Direct membersAll members who have RTGS membership with RBI are eligible to become direct member.


More Definitions of Remitter Bank

Remitter Bank means a bank holding a bank account of the payer where the debit of the UPI instruction is
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Remitter Bank means the Bank of RDS Account Holder from which RDS amount is transferred to IRCTC Account.
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Related to Remitter Bank

  • Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

  • Employer / Bank means State Bank of India having its Head Office at Ground Floor, Raheja Chambers, Free Press Journal Marg, Nariman Point, Mumbai and State Bank of India, Corporate Centre, Nariman Point, Mumbai, respectively.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • The Bank means the Bank of India;

  • Savings bank means a state banking corporation organized or reorganized under this act.

  • Special administrator means a personal representative as described in Sections 75-3-614 through 75-3-618.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Insurance Provider s Tender” means the completed Tendering Document submitted by the Insurance Provider to the Procuring Entity

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.