Life Cycle

Learn about the different statuses a virtual accounts used as collection tools can have during its life cycle.

The figure below shows the life cycle of a collection tool.


Collection tool Life Cycle

The table below lists the various statuses a collection tool can have during its life cycle.

VPA Creation Pending
A collection tool has been successfully created, and the account number and account IFSC have been issued.

However, the VPA handle for the account has not yet been activated by the bank.

A virtual account used as a collection tool goes to this status only if the create_vpa parameter is set to true.
A collection tool and VPA handle have been successfully created.
The collection tool has been deactivated. This is a terminal status.

Once deactivated, the collection tool cannot be activated again.