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

  • Remitter Bank debits the amount from the Customer’s account and sends the confirmation to UPI.

  • The Protocol is based, as with the codes of conduct, on voluntary participation and is not legally binding.

  • The otherwise required defendable space is reduced through the provision of a private bushfire shelter.

  • The Payment Order issued by the Customer, in the form as prescribed by the Remitter Bank or payment service providers, should be complete in all particulars & details.

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

  • If the Bank as the Payer’s (Remitter) Bank can prove that the Payment amount has been credited to the account with the Beneficiary Bank the Beneficiary Bank shall be held liable for correct execution of the respective Payment in relation to the Beneficiary.

  • YES Bank continues to outperform peers in the new age payments space• UPI: Highest Market share in UPI Merchant Payments volumes as per NPCI.• Processed ~ 64 Crore transactions amounting to ~` 97,000 Crores in Q4FY19• 8X YoY growth in vol.; 143 Crore transactions processed in FY19• IMPS: Consistently ranked 1st as Remitter Bank, by NPCI in the peer group for FY19.

  • Pre-approved transactions are those transactions where the Payer PSP & Remitter Bank are one entity and the transaction is received to NPCI only after debiting the Remitter’s account.

  • Beneficiary Bank has not serviced the request after receiving authorization from Remitter Bank through NPCISuch cases will be considered as technical declines and treated as in the normal scenario.

  • The Remitter Bank debits the amount fromthe Customer’s account and sends the confirmation to UPI.


More Definitions of Remitter Bank

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

  • Remitter means a person who purchases an instrument from its issuer if the instrument is payable to an identified person other than the purchaser.

  • 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.

  • SBI / Bank means State Bank of India (client) a body Corporate created under SBI Act 1955, having one of its Circle Office at State Bank of India, III/1 Pandit Jawaharlal Nehru Marg, Bhubaneswar- 01 and includes the client’s representatives, successors and assigns.

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

  • School administrator means a superintendent, principal or his/her designee assistant principal//technical center director or his/her designee and/or the District’s Equity Coordinator.

  • The Bank means the Bank of India;

  • Nursing home administrator or "administrator" means any individual who is charged with the general administration of a nursing home, whether or not such an individual has an ownership interest in such home and whether or not the functions and duties are shared with one or more other individuals.

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

  • Eye bank means a person that is licensed, accredited, or regulated under federal or state law to engage in the recovery, screening, testing, processing, storage, or distribution of human eyes or portions of human eyes.

  • Life insurance producer means any person licensed in this state as a resident or nonresident insurance producer who has received qualification or authority for life insurance coverage or a life line of coverage pursuant to chapter 522B.

  • NCR means NCR Corporation.

  • Insurance premium finance company means a person engaged in the business of

  • State bank means any bank incorporated pursuant to the provisions of this chapter after January 1, 1970, and any “state bank” incorporated pursuant to the laws of this state and doing business as such on January 1, 1970, or a bank organized as a limited liability company or a mutual corporation under this chapter.

  • Property Administrator means an authorized representative of the Contracting Officer appointed in accordance with agency procedures, responsible for administering the contract requirements and obligations relating to Government property in the possession of a Contractor.

  • Payor bank means a bank that is the drawee of a draft.

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

  • DST means the Department of Science and Technology of the Central Government;

  • FMC means The First Marblehead Corporation, a Delaware corporation.

  • NIC means the National-Interstate Council of State Boards of Cosmetology, Inc.

  • PMI means the default insurance provided by private mortgage insurance companies.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

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