I tried using the following ISPICKVAL formula within an email template as shown:
MQP Type is a pick list on the Task Object. I have run integration code(Python under AWS) which sets the pick list value to "RAQ" and I can see the pick list value within the integration log and also on the task record. However, the email notification (sent from process builder flow) doesn't seem to know what to do with the IF() function with ISPICKVAL() function results.
Here is what this email notification gives me:
Thanks.