Date post: | 24-Oct-2014 |
Category: |
Documents |
Upload: | abhijit-samant |
View: | 114 times |
Download: | 1 times |
Synergy
Inspiration
Leadership
April 7, 2023 Confidential
Sub membership to
National Co-op bank Ltd
of Saraswat Bank from
NFS (NPCI Network)
Technology support by
Saraswat Infotech Limited
Synergy
Inspiration
Leadership
Features Access to more than 82,000 ATMs across
the Country (except at VISA, MASTERCARD networks)
Can work as Debit Card at Merchant’s outlets, in near future.
At least to have one ATM machine Additional service for SaaS clients of SIL Bank can earn Income through ‘Acquirer’
module
Synergy
Inspiration
Leadership
Basic requirements Bank should be licensed by RBI Needs to have ‘ +ve ‘ net worth. Opt for sub-membership of Saraswat Bank (Saraswat
Bank being Direct member will act as ‘Sponsor’ bank) Apply for ‘IIN’ from NPCI Execute required docs with NPCI ATM Card layout to be re-designed with ‘RuPay’ logo. Open Current account (for settlements) with Saraswat
Bank with Minimum amount of Rs 5 lac. Need to keep FD with Saraswat bank –(5 times of Current
a/c stipulated balance)
Synergy
Inspiration
Leadership ATM Transaction flow under NFS connectivity
Synergy
Inspiration
Leadership
Synergy
Inspiration
Leadership
Process IIN application to NPCI along with IIN
issuance fee of Rs 9235 + Service Tax Allotment of IIN within 15 days Execute IIN License Agreement Undertaking on Rs 300/- stamp paper Finalize on Card Design and printing UAT on 8 – 10 Sample cards by NPCI Readiness of Setup at SIL – Vashi Go live …..
Synergy
Inspiration
Leadership
Synergy
Inspiration
Leadership
Sample Card design
Synergy
Inspiration
Leadership
Role & Responsibilities
Saraswat Bank To accept sub membership of the bank To accept CA & FD in Settlement a/c Settlement Guarantee on behalf of sub
member bank To debit CA of member bank as per the
transaction report recd from NPCI on daily basis.
Synergy
Inspiration
Leadership
Role & Responsibilities Sub Member Bank
To apply for sub membership of Saraswat bank and IIN to NPCI
Execute required documents with NPCI Re-design the ATM cards with
RuPay logo at the right bottom on the Front side of the card
SIL’s name & logo on the back side of the card as ‘Powered by’
Participate in UAT along with SIL & NPCI Maintain required balance as per the LIMIT given Maintain its own ATM machines with Cash
management To send ‘Charge-back’ and complaints to SIL in
reasonable time.
Synergy
Inspiration
Leadership
Role & Responsibilities Saraswat Infotech Limited (SIL)
Technology support PIN/CARD management
File generation at SIL PIN printing at FIS (efunds)on blank stationery PIN offset upload at SIL Emboss file to FIS Card printing at MCT (Manipal Card Tech.) Card pick up from MCT Dispatch of Card/PIN through Courier services
With Bank’s envelop To Bank HO OR Branch
Synergy
Inspiration
Leadership
Role & Responsibilities Saraswat Infotech Limited (SIL)
Transactions and ATM switch monitoring Network monitoring NFS transactions reconciliation NFS Chargeback /Dispute Customer Complaint handling Hot-listing of cards on Customers request To co-ordinate with NPCI – Hyderabad and Sub
member bank for disputes To download MIS reports from NPCI site and
forward it to sub member banks
Synergy
Inspiration
Leadership
Reports from SIL No. of Transactions done (Issuer/Acquirer) Issuer settlement “Issuer” (Chargeback, Debit adjustment, Credit
adjustment, Chargeback accepted , Representment, Pre-arbitation, Pre-arbirtation representment, Debit chargeback, Debit representment, arbitration, All good faith)
“Acquirer” (Chargeback, Debit adjustment, Credit adjustment, Chargeback accepted ,Representment, Pre-arbitation, Pre-arbirtation representment, Debit chargeback, Debit representment, arbitration ,All good faith)
Synergy
Inspiration
Leadership
Commercials - (exclusive of service tax)
Transaction charges Cash payment – Rs 18+ (50 paise for NFS) Balance Inquiry – Rs 8+ (50 paise for NFS)
Card / PIN management Without delivery – Rs 42 per card Courier services - On actual (Agreement by the
bank)
Service charges First 2 months – FREE Total cards issued X Rs. 20 per card per month
Synergy
Inspiration
Leadership
Thank you !and
welcome to NFS network!Avail latest technology with the
help from: