SAP PY and FI-AP, PA30 t-code issue when maintaining Bank Details infotype

When trying to create Bank Details (InfoType 0009) via PA30 t-code for ABCD employee, following error occurs: 

Please do not enter bank data for payment method Cash Payment 
Message No. RP568 
Diagnosis 
The bank data cannot be processed for the payment method specified ('). 
Procedure 
Please use a different payment method or delete the entries for bank key, bank account (and bank control key, if applicable). 

Basically solution here is to maintain payment method for bank account,which is very straightforward APP setting, but according to statistics of my posts, APP posts are the most viewed ones..? 

Anyways solution is as following:

FBZP t-code -Pmnt method in Country 

Following entry to be added: 

Country: XYZ

Pymt Method: ABC 

Description  Bank Transfer 

Description  Bank Transfer 

Payment method for: 

‘Outgoing payments’- checked 

Payment method classification: 

‘Bank transfer’- checked 

‘Allowed for personnel payments’- checked 

Required master record specifications: 

‘Street, PO box or PO box postal code’- checked 

‘Bank details’- checked 

‘Account number required’- checked 

‘IBAN required’- checked 

Posting details: 

Document type for payment: [  ]         

Clearing document type: [  ]              

FBZP t-code -Payment methods in Company code

Following new entry to be added:

Paying co. code 1234   CoCd Description

Pymt Method     ABC     Bank Transfer

Minimum amount                                 LC

Maximum amount    999,999,999.00   LC

Distribution amnt                                  LC