Life Cycle

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

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

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Collection Wallet Life Cycle

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

StatusDescription
VPA Creation Pending
(vpa_creation_pending)
A collection wallet 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 wallet goes to this status only if the create_vpa parameter is set to true.
Active
(active)
A collection wallet and VPA handle have been successfully created.
Deactivated
(deactivated)
The collection wallet has been deactivated. This is a terminal status.

Once deactivated, the collection wallet cannot be activated again.