Integrate your bank payment file
How to integrate your bank payment file?
Siva Narayanan avatar
Written by Siva Narayanan
Updated over a week ago

When reimbursements are verified and ready to be paid out, you can process bulk payments through NEFT/RTGS using the bank payment file. The payment file is normally an excel file with an accepted header format provided by the bank.

With Fyle you can generate a bank payment file that can be uploaded in your corporate net banking software to process bulk payments with just a click.

Fyle already has integrated payment file templates of the following banks: 

  • HDFC Bank

  • KOTAK Mahindra Bank

  • ICICI Bank

  • Axis Bank

  • Standard Chartered Bank

Hence if your company uses one of the above banks, you can directly generate the payment file by following the below steps

  • Toggle to the Company view

  • Click on your name on the top right corner and click on Settings

  • Go to section 'Cards & Banking' enable 'Bank Payment File'

  • Once enabled, you will find an option to enter the bank account number and IFSC Code of your company

  • Enter the bank details of all your employees users. For more details on how to do this, click here

  • From the payment processing page select the list of employees to whom payment needs to be made and click on Generate Bank Payment File

payment processing screen in admin view
  • Excel file, ready to be uploaded in the corporate banking software is generated which can be uploaded in your bank's banking portal to make payment to the employees.

  • Once the payment file has been uploaded in your bank's corporate banking portal, you can mark the respective employee's payment as PAID in your company's Fyle account.

To ensure that you are able to successfully generate bank payment file from the application

  • Ensure that the Bank details of your company is present in the Settings under 'Bank Payment File' section. 

  • Ensure that user's bank details (Account number and IFSC code) are present on Fyle. Admins can add this on the Employees page. 

If any of these details are missing, then the application will not be able to generate bank payment file.

If your company's bank account is not held with the above banks, simply share the bank payment file template with us at [email protected] to integrate it with your Fyle account.

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