Payment Process
MKCL’s KLiC New Center
Registration Process-2023
| EPI | Demand Draft |
| NEFT | Cheque |
| UPS | IMPS |
Please transfer the amount to MKCL by only following methods:
Process to transfer the amount to MKCL:
- MKCL will create login for every AO in MKCLs Network Partner Management Framework i.e. SOLAR.
- MKCL will create Advance Account (e-Wallet) for every AO which is called as ‘SOLAR-Advance-Account.
- AO has to transfer the amount in their SOLAR-Advance-Account (e-Wallet).
- AO has to transfer the amount in their SOLAR-Advance-Account by EPI, NEFT or UPS.
- Once amount has been successfully transferred in SOLAR-Advance-Account (e-Wallet) then AO will be able to utilize the same to make the various payments like Processing fee, Registration fee, Security Deposit etc.
- Transfer charges will be bearded by ALC (NEFT, EPI or UPS)
1. EPI Mode: Using HDFC Bank Account
- Electronic payment transfer (EPI) is the online payment gateway offered by HDFC bank.
- Pre-requisite for EPI :
- Applicant Organization (AO) should have HDFC Bank account.
- AO should have username and password for online banking facility of HDFC Bank.
- Procedure of EPI:
- AO has to login in SOLAR
- AO has to follow below steps:
- Go to Finance -> Payment -> Payment to MKCL
- Go to ‘Add Money’ option.
- Select Payment Mode -> Bank Transfer(HDFC EPI)
- Enter Amount and click on ‘Proceed to Payment’
- Do the further payment process by using Net banking login credentials.
- AO will get the amount in their SOLAR-Advance-Account (e-Wallet) within 24 hours after successful completion of payment transfer process.
FAQs for EPI:
Q. Where AO can get username and password for online banking facility of HDFC bank?
A. AO has to contact respective HDFC bank Branch where he has opened the account for more information regarding username and password for online banking facility of HDFC bank.
Q. It is mandatory for AO to open account in HDFC bank?
A: No
Q. What if AO don’t have account in HDFC bank?
A. AO can transfer the registration amount from any nationalize bank to MKCL using NEFT process.
2. NEFT: Using other than HDFC Bank Account
A. National Electronic Fund Transfer (NEFT) is online payment interface offered by all nationalize banks for transferring the payment from one back to another bank.
Pre-requisite for NEFT Process:
- AO must have account in any IFSC enabled nationalize bank.
- AO must be having username and password for online banking facility of that particular bank.
Procedure of NEFT:
- AO has to apply for new center on the website communicated by MKCL.
- AO has to complete all data entry and follow the steps on SOLAR till successful completion of payment transfer.
- AO has completed following steps while doing the NEFT.
- Register Bank A/C details for NEFT payment by using below link of SOLAR. Network Partner -> Operations -> Register Bank Account Details for NEFT Payment (Only IFSC enabled banks and their respective branches are available on SOLAR)
- AO can add more than 1 bank a/c for NEFT.
- Enable the bank a/c which AO wants to use for payment transfer.
- Go to Finance -> Payment -> Payment to MKCL
- Go to ‘Add Money’ option.
- Select Payment Mode -> NEFT/RTGS
- Generate the mandate.
- Do the further payment process by using Netbanking login credentials or Offline method.
- Deposit the exact amount (As appear in Mandate) in the MKCL’s Bank A/C from the AOs Bank A/C number (added as per point No. a) mentioned above. (Amount deposited in the bank will reflect on SOLAR within 48 hrs. of working days)
- Click on the below mentioned AO SOLAR “button” available at right hand side of Home page to reconcile the NEFT transaction.
After Application cross-verification:
- AOs are requested to verify the payment status on SOLAR after successful completion of EPI/NEFT process.
- AOs are requested to verify the online balance in respective Bank account after successful completion of NEFT process.
Q. What is IFSC?
A. Indian Financial System Code (IFSC) is provided by RBI to every branch of all nationalize bank. IFSC code is unique. Bank and Branch wise IFSC code in available on RBI Site.
Q: What is UPS?
Payment Gateway (UPS) Option is available in SOLAR for transferring the amount. In normal circumstances, Transactions done through Payment Gateway (UPS) will be reconciled within T+2 working days after the successful transaction done by ALCs.
Q. Why not IMPS?
A. with present system we are not able to trace the sources of IMPS payment, so reconciliation is not possible for received payment. So AOs are requested to not to use this method for payment.
Q. How to get the refund from SOLAR Advance Account?
A. AO/ALC can take the refund of the balance available in ALC/AO’s SOLAR Advance Account, if required.
AO/ALCs need to apply for Advance Refund from their SOLAR login to get this refund amount in their bank account. The bank account details provided by AO during application on SOLAR will be considered for transferring this refund.Schedule for processing advance refund:
- Application by AO/ALC: Within first 3 weeks of each month
- Recommendation by BDIP: In last week of each month
- Refund Processing by MKCL: In second week of next (consecutive) month
- Amount will get processed through system & it will be refunded to AO’s bank account through online payment transfer method only.
- The bank account details provided by AO during application on SOLAR will be considered for transferring this amount.
- AO has to ensure the correctness of the filled bank account to get the amount in due time.
- MKCL will refund the amount only in the account registered by AO at the time of registration process. MKCL will not make payment through other means like cheque, DD, etc.
- MKCL will not consider any other bank account for the refund process. MKCL will not be responsible for any wrong account details provided by AO in SOLAR login or rejection of payment due to the various reasons.
- MKCL will not be responsible in delayed of payment due to rejection from bank. In such cases, it will take additional 1 month to process the refund subject to correct bank account details.