How to Initiate a Pension Payment to General Pension and Social Security Authority (GPSSA) on Next Gen CIB? Print

First, you will need to generate an invoice for the employee(s) contribution by using the GPSSA portal. GPSSA would then generate the invoice number, GIBAN and the amount payable to GPSSA.

Then, you may proceed with the steps below to initiate the Pension Payment to GPSSA.

Initiating a Fund Transfer for Within UAE in iBusiness

Step 1:

• Log in to iBusiness
• Go to iPay >> Transfers >> Initiate Transfers
• Select On Screen and Transfer Type as Within UAE and click on Proceed.

• Debit Account >> Select the account to be debited From the Account.
• Beneficiary Details >> Search for the added beneficiary and select and submit the form. Beneficiary Account and beneficiary name will be populated. In case of adhoc payment, please enter the GIBAN and other detail.
• Click on Validate IBAN
• Click on Proceed

Step 2:

• Input the Transfer Amount
• Purpose of payment must be as Pension - PEN
• Charges as Pay in Full and select Charge Account
• Fill out the Payment Details
• Invoice Number is mandatory for GPSSA Payments
• Click on Proceed.
• Review all fill details.
• Accept the Terms and Conditions and click Submit.

For Bulk Domestic File:

• In case you are using bulk domestic file format then you will be required to enter invoice number in the Payment Details Field (Column H), while other fields will be required to be filled in with the respective data.
• In Column H you should ONLY input GPSSA Invoice Number

For Bulk Single Remittance File:

• In case you are using bulk single remittance file format then you will be required to enter invoice number in the Payment Details Field (Column Z), while other fields will be required to be filled in with the respective data.
• In Column Z you should ONLY input GPSSA Invoice Number

For H2H single remittance file:

• In case you are using H2H Single Remittance File, the Invoice Number should be available in the Payment Detail Field.
• Please ensure to ONLY input the GPSSA Invoice Number in the Payment Details field.

For Smart Forms:

Please take careful note the below points to avoid GPSSA Payment rejections: 

• The approval process will depend on the setup done by the iBusiness System Administrator of the respective organization.
• The transaction processing will be done as per Central Bank’s cut-off time.
• The payment settlement status can be checked from GPSSA website.
• GPSSA validates payment based on:
  1. GIBAN
  2. Invoice Number
  3. Exact Invoice Amount 
• If any of this is mismatching, then the payment would get rejected or may not be allowed to be initiated.