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Send Payments from Your SBI Account Using Connected Banking

Aided by Connected Banking, TallyPrime brings in the facility of online payments from your SBI accounts.

All you need to have is the following:

• e-Payments enabled in your bank ledger

• Connected Banking login with your Tally.NET credentials

• Connected SBI accounts

• Online payments enabled for your Bank Connection

Once you have the above, you can send payments from your SBI accounts, securely directly from TallyPrime, thereby:

• Saving a lot of time – faster process, leading to smooth cashflow and a relation of trust with your vendors

• Reducing manual error.

What’s more, you can also:

• Check and update the payment status right in TallyPrime.

• Send payment advice to your suppliers.

1. From anywhere in TallyPrime, press Alt+Z (Exchange) > Send Payments.

2. Press Enter on the relevant SBI Bank ledger.
   

    

   From the e-Payments report, if you open the Send Payment report for the SBI Bank ledger, then the report opens for this ledger.

3. Select the transaction and press S (Send).
   

4. Enter the OTP.
   

   The payment is successful.

If your SBI account has multiple users and the payment has been initiated by the maker, then after entering the OTP, the payment will be Submitted to the bank for approval or authorisation by the checker at the bank portal.

Once the payment is initiated, the actual payment status gets displayed, as per the bank. You can always update the Payment Status from the e-Payments report.

Moreover, in case the payment fails or is rejected by the authoriser for certain reasons, then you can reset the payment status. As a result, it will be ready to be uploaded again.