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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.
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.
Apply now for the current account to avail bulk payment solution or kindly visit the nearest branch
Bulk payment solutions are active by default for business customers and you don’t need to submit any additional documents.
Yes, updated payment file with UTR details and the status of online payment can be easily downloaded from “history of approvals” section.
Maker can initiate financial transactions including Bulkpay where as viewer can not initiate any financial transactions.
Yes, bulk payments can be scheduled for future date. You can cancel the same up to one day prior to the scheduled transaction date.
Yes, bulk payment transactions can be approved within 7 days from the transaction uploaded date.