I understand your concern regarding the process, and I'm here to address it in a logical and professional manner.

Firstly, I appreciate your attention to detail and your commitment to ensuring a secure and transparent transaction process. It's essential to maintain a strong sense of trust and confidence between both parties involved. Allow me to explain the rationale behind the proposed process and address your concerns step by step.

The process outlined was designed with careful consideration to streamline and expedite the transaction while maintaining a comprehensive verification protocol. Here's how each step contributes to a secure and well-structured process:

RTGS Booking on Day 1: Initiating the RTGS booking on the recipient's behalf on Day 1 ensures that the transaction process is set in motion promptly. This is the first step towards securing the funds for the transaction, but it's important to note that this is just an initial commitment and not a final payment.

DD Creation on Day 1: The creation of the Demand Draft (DD) jointly held on Day 1 serves as a preliminary confirmation of the recipient's intention to proceed with the transaction. While this demonstrates seriousness, it's understood that the actual payment will only be made after thorough verification.

Exchange of KYC Documents on Day 2: This step occurs the following day to allow both parties to complete the necessary due diligence. It's imperative to verify the authenticity of the involved parties before proceeding with any financial transaction. This step enhances the security of the transaction by ensuring that both parties are genuine and committed.

Verification and Fund Transfer: The process allows for a subsequent verification phase, addressing your concern about the donor company's credentials. Before any actual payment is made, the designated account balance and bank statement are presented, ensuring that funds are available. This verification step acts as a safeguard, ensuring the donor company has the necessary funds to fulfill the transaction.

DD Creation for Payment: Once the verification is completed and confirmed, the payment amount is then transferred to a designated account. The creation of the Demand Draft for the same amount on your end reaffirms your commitment to the transaction and completes the financial side of the process.

RTGS Transaction: The RTGS transaction is performed in your presence, providing an additional layer of transparency and security. This step ensures that the funds are transferred to the recipient's account accurately and without delay.

In essence, the process is structured to strike a balance between initiating the transaction promptly and ensuring that both parties have the necessary information and verification before any substantial financial commitment is made. The verification steps embedded in the process mitigate the risks you've highlighted and uphold the integrity of the transaction.

I hope this explanation clarifies the process for you and alleviates your concerns.