How soon an instruction is required to be authorised after it is captured.?
The instruction should be authorised before expiry of the execution date or 15 days from the date of capture whichever is earlier. Instructions should be authorised in a timely manner so that the instructions are received by SPEED-e atleast one clear working day prior to the execution date. (e.g. if the execution date is on a Friday , the instructions must be received by SPEED-e latest by Wednesday). If the instructions are authorised late, the DP may execute the same on a best effort basis, at the risk of the concerned account holder.
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- How soon an instruction is required to be authorised after it is captured.?
