Training Centre Enrolment

Training Partner
STEP 1 Open Corporate Current A/c with BOI STEP 2 Open Current A/c for Training Center/ Location under the same Customer ID

Training Center/ BC

Bank / TranServ

NSDC

STEP 3 A Register in web based portal

STEP 3 B Training Partner details are reviewed and a BC agreement is executed with the TP. System login credentials is shared with the TP on email.

STEP 4 A Training Partner can now log into online portal and start enrolling Training Centers under the TP. Alternatively, the TP can provide the TC details in a file on email

STEP 4 B Training Center official recommended by TP will be appointed as BC and an agreement will be executed with TC. Adequate training will be given to the TC STEP 5 Training Center details are reviewed and approved in system and system login credentials is shared with the TC on email.

Beneficiary Account Opening

Training Partner

Training Center/ BC

Bank / TranServ
STEP 1 Training Center official who has been appointed as BC will be trained for undertaking Account Opening process

NSDC

STEP 2 Training Center will receive Account Opening Forms (AOF) from the Bank STEP 3 Training Center official (BC) will assist the Trainee in filling the AOF and Debit Mandate and attach copy of KYC with AOF

STEP 4 Training Center will advise the trainee to fill the debit mandate as per the amount due from the trainee. The debit mandate will be endorsed by the training partner

STEP 5 A BC will log into the system using his credentials and capture the AOF and Debit Mandate on screen.

STEP 5 B Once the application is sucessfully captured on screen, a Reference Number is displayed on the screen

STEP 5 C Reference Number as displayed on screen will be written on the top of physical application form

STEP 7 The Training Partner will endorse the system captured Debit Mandate and get the Bank Branchs endorsement before the trainee's application form can be further processed. Sanned copy of this endorsement will be sent to an email id (to be provided later) and the physical copy will be provided to the linked branch.

STEP 6 System will generate a report containing basic details of trainee including - Training Center ID - Trainee's NSDC Enrollment No - Debit Mandate Amount This report will be sent to respective Training Partner

STEP 8 Upon receiving this confirmation, AOF will be scrutinized and account will be opened.

STEP 9 Trainees and BC will be intimated that the Account has been opened. Trainees will be instructed to visit the linked Branch and collect Debit Card and Passbook STEP 10 BC will advise the trainee to visit the Bank Branch along with the original KYC as indicated in the AOF Trainee will then visit the Branch and request for Debit Card and Passbook

STEP 11 Branch official will verify the original KYC against the record available in the system before handing over the Debit Card and Passbook. Account will be ready for use immediately, however , the card will be activated within 2 days..

Funds Disbursement

Training Partner

Training Center/ BC

Bank / TranServ

NSDC
STEP 1 After successful assessement of the Trainee, NSDC will release send instruction to BOI to credit funds to Trainee's Bank account. This soft copy of this instruction will be sent to cgocomplex.newdelhi@bankofindia.co.in and Mishra.Ashutosh@bankofindia.co.in The physical copy of the instruction will be sent to BOI CGO Branch

STEP 2 After receiving instructions and clear funds from NSDC, funds will be credited to the Trainee's account. Payment due to Training Partner as indicated in the debit mandate endorsed by Training Partner will be earmarked for restrictted wallet and can be used only at registered POS machines at Training Center. Residual amount, if any, will be available to the trainee for use at all ATMs and POS which accept Visa Cards.

NSDC Funds Utilization

Training Partner

Training Center/ BC
STEP 1 A Trainee will offer to pay at the Training Center by swiping his card and providing PIN on the POS terminal registered for this program

Bank / TranServ

NSDC

STEP 1 B Subject to availability of funds in the Restricted wallet, the transaction will be authorised and the funds will be credited to the Current Account linked to the POS terminal as per standard settlement process. NOTE: The restricted wallet can be utilized only at the terminal for which it is configured.

STEP 2 In case the trainee does not offer his card for payment at training center for 15 days or if there are residual balance on the card 15 days after NSDC funds are credited in the trainee's account , the same will get credited to the linked Training Center's bank account.