Once the challan is generated on e-NAM portal, please save the challan and also take a print of the challan. The payment can be remitted on the challan via two modes as mentioned below:
(i) The trader may login to his personal internet banking and register the alphanumeric account number (e.g. NAM345678923) as a Payee/Beneficiary under NEFT. Once the payee registration process is completed, the trader can initiate the payment as mentioned on the challan.
(ii) The trader may visit his Bank branch (branch of the Bank, with which trader holds an account) and initiate a NEFT payment, as he does in the normal course. However, Trader need to ensure that while filling the NEFT voucher, all the details are filled such as account number, IFSC code, amount etc. precisely as per the details mentioned on the challan.
If any of the details on NEFT voucher does not match that of challan i.e. if there is an account number or amount mismatch, the same would be validated once the payment is received at ICICI Bank’s end and in case of mismatch, funds would be refunded back to the trader’s account