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.