Zoho Payroll generates bank transfer files for major Indian banks including HDFC, ICICI, SBI, Axis, Kotak, and others. Each bank has its own file format (CSV, Excel, or fixed-width text). The correct format is selected in payroll settings under the bank account configuration. Once configured, every pay run generates a ready-to-upload file for that bank.
Accurate bank account and IFSC data must be on file for each employee in Zoho Payroll. The system validates IFSC codes during data entry. Employees can update their bank details through the self-service portal (subject to admin approval). Incorrect bank details lead to failed transfers and require reversal and re-transfer, which delays salary credits.
The bank transfer file is available for download only after a pay run is finalised. This lock prevents premature or duplicate payments. Zoho Payroll marks the transfer as ‘Paid’ once the admin acknowledges successful bank processing. This status is reflected in payroll reports and the payroll journal.
Bank Transfer in Zoho Payroll is the generation of a salary disbursement file after a pay run is finalised. The file contains employee bank details and net salary amounts in the format required by the company’s bank for NEFT or RTGS bulk transfer. It is downloaded from Zoho Payroll and uploaded to the bank portal.
Zoho Payroll supports bank transfer file generation for major Indian banks including HDFC, ICICI, SBI, Axis, Kotak, and others. The correct file format is configured in payroll settings under the bank account section. Each bank’s specific CSV or text format is pre-built into Zoho Payroll.
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