{"id":4564,"date":"2026-05-29T22:09:46","date_gmt":"2026-05-29T22:09:46","guid":{"rendered":"https:\/\/aaxonix.com\/resources\/?post_type=glossary&#038;p=4564"},"modified":"2026-05-30T02:53:01","modified_gmt":"2026-05-30T02:53:01","slug":"direct-deposit-zoho-payroll","status":"publish","type":"glossary","link":"https:\/\/aaxonix.com\/resources\/glossary\/direct-deposit-zoho-payroll\/","title":{"rendered":"Direct Deposit"},"content":{"rendered":"<style>\n.gt-body{font-family:'Poppins',sans-serif;color:#111;line-height:1.75}\n.gt-def{border-left:4px solid #E8650A;padding:16px 20px;background:#fff8f4;border-radius:0 8px 8px 0;margin:0 0 32px;font-size:1.05rem}\n.gt-section{margin:0 0 36px}.gt-section h2{font-family:'Fraunces',serif;color:#0A1628;font-size:1.5rem;margin:0 0 12px}\n.gt-example-box{background:#f0f4ff;border-radius:10px;padding:20px 24px;margin:0 0 32px}.gt-example-box strong{color:#2563EB}\n.gt-related-pills{display:flex;flex-wrap:wrap;gap:10px;margin:0 0 32px}\n.gt-related-pill{background:#f7f4ef;border:1px solid #ddd8cf;border-radius:20px;padding:6px 16px;font-size:.875rem;color:#0A1628;text-decoration:none}\n.gt-faq-item{border:1px solid #ddd8cf;border-radius:10px;padding:16px 20px;margin:0 0 12px}\n<\/style>\n<div class=\"gt-body\">\n<div class=\"gt-def\">Direct Deposit in the context of Zoho Payroll refers to the electronic transfer of employee net salaries from the employer&#8217;s bank account directly to each employee&#8217;s individual bank account via NEFT (National Electronic Funds Transfer) or RTGS (Real Time Gross Settlement). It eliminates the need for physical cheques and ensures timely, secure salary payment. The process is initiated by uploading the Zoho Payroll bank transfer file to the employer&#8217;s corporate banking portal.<\/div>\n<div class=\"gt-section\">\n<h2>NEFT vs RTGS for Payroll in India<\/h2>\n<p>NEFT processes transactions in batches throughout the day with no minimum amount limit; it is suitable for all salary payments. RTGS is for real-time gross settlement and has a minimum transaction amount of Rs 2 lakh; it is typically used for high-value individual payments. Most Indian companies use NEFT for monthly payroll. Zoho Payroll generates files compatible with both.<\/p>\n<\/div>\n<div class=\"gt-section\">\n<h2>Direct Deposit Setup in Zoho Payroll<\/h2>\n<p>For direct deposit to work, each employee must have their bank account number, account type, and 11-digit IFSC code entered and verified in Zoho Payroll. The employer must have a corporate banking relationship with the selected bank. The payroll bank account in Zoho Payroll settings must match the actual corporate account from which transfers are made.<\/p>\n<\/div>\n<div class=\"gt-section\">\n<h2>Tracking Direct Deposit Status<\/h2>\n<p>After initiating the transfer from the bank portal, the payroll admin updates the pay run status to &#8216;Paid&#8217; in Zoho Payroll. Some bank integrations allow Zoho Payroll to confirm transfer success via bank API. For banks without direct API integration, admins manually confirm payment after checking the bank statement. Zoho Payroll&#8217;s payment history shows dates and amounts for all past transfers.<\/p>\n<\/div>\n<div class=\"gt-example-box\"><strong>Example:<\/strong> On April 30, the payroll admin uploads the ICICI NEFT bulk file generated by Zoho Payroll to the ICICI Corporate Internet Banking portal, authorises the transaction, and ICICI processes the 38 individual credits. All employees receive their net salary in their accounts within 2 hours. The admin marks the April pay run as &#8216;Paid&#8217; in Zoho Payroll.<\/div>\n<div class=\"gt-related-pills\"><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/bank-transfer-payroll-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">Bank Transfer<\/a><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/pay-run-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">Pay Run<\/a><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/net-salary-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">Net Salary<\/a><a href=\"https:\/\/aaxonix.com\/resources\/glossary\/payslip-zoho-payroll\/\" class=\"gt-related-pill sp-content-link\">Payslip<\/a><\/div>\n<div class=\"gt-faq-item\"><strong>What is Direct Deposit in Zoho Payroll?<\/strong><\/p>\n<p>Direct Deposit in Zoho Payroll is the electronic payment of employee salaries directly to their bank accounts via NEFT or RTGS. Zoho Payroll generates the bulk transfer file after each finalised pay run, which is then uploaded to the employer&#8217;s corporate banking portal to initiate salary credits for all employees at once.<\/p>\n<\/div>\n<div class=\"gt-faq-item\"><strong>Does Zoho Payroll support automatic direct deposit without manual bank upload?<\/strong><\/p>\n<p>Zoho Payroll generates the bank transfer file, but in most cases the admin manually uploads it to the bank portal. Some bank-specific integrations may allow direct API-based payment initiation. Check with your bank and Zoho Payroll support for the availability of direct bank API integration for your specific bank.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Direct Deposit in Zoho Payroll refers to the electronic credit of employee net salaries directly to their bank accounts via NEFT or RTGS, initiated from the payroll bank transfer file.<\/p>\n","protected":false},"template":"","meta":{"seo_title":"Direct Deposit | Zoho Payroll Glossary","seo_description":"Direct Deposit in Zoho Payroll refers to the electronic credit of employee net salaries directly to their bank accounts via NEFT or RTGS, initiated from th","seo_keyword":"direct deposit zoho payroll","seo_faqs":"[{\"q\": \"What is Direct Deposit in Zoho Payroll?\", \"a\": \"Direct Deposit in Zoho Payroll is the electronic payment of employee salaries directly to their bank accounts via NEFT or RTGS. Zoho Payroll generates the bulk transfer file after each finalised pay run, which is then uploaded to the employer's corporate banking portal to initiate salary credits for all employees at once.\"}, {\"q\": \"Does Zoho Payroll support automatic direct deposit without manual bank upload?\", \"a\": \"Zoho Payroll generates the bank transfer file, but in most cases the admin manually uploads it to the bank portal. Some bank-specific integrations may allow direct API-based payment initiation. Check with your bank and Zoho Payroll support for the availability of direct bank API integration for your specific bank.\"}]","term_type":"Technical","glossary_related":"","glossary_links":""},"glossary_category":[1250],"class_list":["post-4564","glossary","type-glossary","status-publish","hentry","glossary_category-zoho-payroll"],"_links":{"self":[{"href":"https:\/\/aaxonix.com\/resources\/wp-json\/wp\/v2\/glossary\/4564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aaxonix.com\/resources\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/aaxonix.com\/resources\/wp-json\/wp\/v2\/types\/glossary"}],"wp:attachment":[{"href":"https:\/\/aaxonix.com\/resources\/wp-json\/wp\/v2\/media?parent=4564"}],"wp:term":[{"taxonomy":"glossary_category","embeddable":true,"href":"https:\/\/aaxonix.com\/resources\/wp-json\/wp\/v2\/glossary_category?post=4564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}