"Purpose of Payment" Tag in Outgoing Payment (XML) file for India
While setting up DME tree for India , we need to populate field “Purpose of Payment” as per the norms laid down by the Reserve Bank of
India (RBI). Please help on following points if anyone has experience of developing DME tree for RTGS payment method of country India.
- How the “purpose of payment codes” have been populated based on the vendor invoice
- How DME tree configuration has been done for the XML Tag <CtgyPurp>
Currently RBI has following codes :
Thanks and Best Regards