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What details should be available on the ‘View 64VB compliance’ screen in BaNCS?
Collection details of Cheque/DD number, Cheque/DD Date, and Realization date should be available for a given policy and its subsequent endorsements.
What date format should be used for the ‘View 64VB compliance’ screen in BaNCS?
The date format should be DD/MM/YYYY universally in BaNCS.
Where should the Gencon BG ID be displayed for policies issued through Bank Guarantee in BaNCS?
The Gencon BG ID should be displayed under the Reference No field in the BaNCS Collection Screen.
Should BaNCS policy numbers be available in the Gencon BG mapping screen?
Yes, BaNCS policy numbers should be available in the Gencon BG mapping screen.
What happens once the BG mapping is completed in Gencon?
Once BG mapping is completed in Gencon, the Payment ID that was mapped will be displayed in the Tagging Details screen against that policy.
What indicates the confirmation of Payment ID’s status in Gencon after BRS completion?
The Payment ID’s status should be displayed as “Confirmed” within the Gencon Tagging Details screen after BRS completion.
When should BaNCS allow claims processing for a policy issued against a Bank Guarantee?
BaNCS should allow claims processing for that policy once the BRS for the Payment ID that is mapped to the BG against which the policy was issued.
What validation should pass for policies issued against Bank Guarantee?
64vb validation should pass for such policies issued against Bank Guarantee.
Why was the BaNCS proposal number not displayed in the Gencon BG mapping screen?
It was not displayed because the proposal number in BaNCS is not unique to each version of the policy, and Gencon displays a unique ID under the Reference Number field instead.
What should happen to NEFT details approved in BaNCS in terms of their reflection in Gencon?
NEFT details approved in BaNCS should show in Gencon as approved within the NEFT Status Approval Interface.
What should happen when party details are pushed to Gencon from BaNCS during co-existence?
The banking details should also be pushed to Gencon and shown as approved if they were approved in BaNCS through the maker checker process.
Should Gencon allow payment disbursements to parties with banking details approved in BaNCS?
Yes, Gencon should allow payment disbursements to those parties for which banking details are approved in BaNCS.
