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Post Dated Cheques Withdrawal and Deferment in Next Gen CIB? Print

Follow below for PDC Management and Deferment:

Log in to iBusiness


Step 1:  Click on the iPay > Collection Services.

  • Select Account Number and/or other filter criteria to search the Cheque.
  • System will list all the postdated cheques.
  • Select a particular cheque which you want to withdraw or extend the date.
  • Click PDC Withdrawal or Deferment, if it’s a deferment, enter the date on when you want the cheque to be presented.



Step 2: Review and Confirm

  • Review the details.
  • Click on Submit.



Step 3: Review and Confirm

  • Review the details.
  • Click on Submit.

Step 4: Authentication via paired device to proceed

  • You will receive a notification on your mobile device to authenticate the transaction.
  • Once authenticated, you will be navigated to the confirmation screen with a reference number generated.

Step 5:  

  • Post Initiating the request, it will move to the Approvers queue for action.
  • The Approver should log in to iBusiness and click on the Transactions Tab and go to Pending your Authorizations. 
  • The Pending items for the action will be available under transaction type PDC Withdrawal.
  • Approver can review the details of the request/documents uploaded, and act (Approve/Reject) on the request initiated.


** PDC Deferment and Withdrawal requests received in less than 48 hours will be subject to the bank's discretion and processing cut-off times.

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