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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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IDFC FIRST Bank HPCL Credit Card
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Bulk Payments
If you’re looking for a quick and simple solution when it comes to salary payment or recurring payments to a group of payees, you’ve come to the right place. Introducing IDFC FIRST Bank Bulk Payments that empower you to make more than one online payment in just a few clicks.
The intuitive process of Bulk payment using excel file, Onscreen bulk payment and Group payments, make this one of the most smart solutions for you to leverage.
No Documentation
No set up fee
No transaction charges
How to use?
Various solutions that could save your business time and effort
• Use simple Excel file upload with beneficiary details to make multiple payments with single authorization
• For adhoc payments to multiple payees, select our On-Screen bulk pay to select & approve multiple payments with single OTP
• With repeated payments like Staff salaries, opt to create a payee group & use the group to pay with click of a button.
All the above enabled right from the date of your account opening with zero additional documentation.
Features
Process bulk payments with or without excel
Zero transaction charges
Selective approval/deletion
7 days window to review & approve the bulk payment
Schedule transactions for future date
Cancel future dated transactions at ease
Share credit advice to payees on email
SMS & email notifications
Create & manage group for recurring payment
Use multiple digital payment modes
Types and benefits of bulk payments
Bulk payment using excel
- Credit Advice to payees
- Customised information in credit advice can be shared to payee
- Single/multiple debit facility to process your digital payments
Onscreen bulk payment
- Process online payments to existing multiple payees at a time
- No need to create & upload an excel file
Group payment
- Create a group out of existing added payees
- Use the same group for recurring payments
- Create multiple groups as per business need
- Add / Delete payees under the group
- Amount & date modification at ease
Contact Us
Apply now for the current account to avail bulk payment solution or kindly visit the nearest branch
FAQs
Do you need to submit any additional document to avail bulk payment solutions?
Bulk payment solutions are active by default for business customers and you don’t need to submit any additional documents.
Can one view the status of the bulk upload transactions?
Yes, updated payment file with UTR details and the status of online payment can be easily downloaded from “history of approvals” section.
What is the difference between “Maker” and “Viewer” roles?
Maker can initiate financial transactions including Bulkpay where as viewer can not initiate any financial transactions.