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greytHR PayNow with ICICI

Updated in November- 2023 | Subscribe to watch greytHR how-to video

Are you worried about your employee's data (like salary information) being leaked? Or downloading the information manually/uploading payment instruction files to different banks gobbling your time?
Here comes greytHR PayNow for your rescue! With greytHR PayNow, you can:

  • Directly transfer salaries from greytHR.

  • Perform HR & Salary processing from a single window.

  • Credit salaries to any bank account through RTGS, NEFT, IMPS & Intra banking (ICICI to ICICI).

greytHR PayNow with ICICI Corporate Internet Banking (CIB) is for our customers who use CIB for salary dispersion. With this feature, you can directly disburse the employees' salary from greytHR without switching/logging into the ICICI CIB portal. Sounds great, isn't it? Let's explore more!

To start using the greytHR PayNow feature, navigate to Payroll > Payout > Bank Transfer.

To transfer salaries using the greytHR PayNow feature, you must perform the following steps:

  1. Register for the greytHR PayNow feature.

  2. Verify registration for the greytHR PayNow feature.

  3. Process salary from greytHR.

  4. Create a bank transfer.

  5. Verify the bank transfer.

Register for the greytHR PayNow feature

To register for the feature, perform the following actions:

  1. On the Bank Transfer page, on the ICICI Bank banner, click Register Now. Step 1: Registration section appears.

  2. Enter your Corporate ID, User ID, Login ID, Account Number, and Confirm Account Number in their respective text boxes.

  3. Click Register. The Registration Approval Pending pop-up appears. Read the instructions from the pop-up and follow the instructions.
    Note: The registration status will be pending approval in greytHR under the Bank Transfer page. The status changes only after you approve the integration in the ICICI Bank CIB (Corporate Internet Banking) Portal.

  4. Now, log in to your ICICI Bank CIB (Corporate Internet Banking) Portal.

  5. From the Home page, navigate to Other Services > Connected Banking Approval. The Aggregator Approval form appears. The form displays Aggregator Name, Corporate Id, User Id, and Aggregator Id.

  6. Read the disclaimer and click Approve. A success message appears. Once you approve the registration in the ICICI Internet banking portal, the success message appears under Step 1: Registration section.

Verify registration for the greytHR PayNow feature

Once you register the greytHR PayNow feature with ICICI, you must verify the registration. To verify the registration, perform the following actions:

  1. On the Bank Transfer page, under Step 2: Verify Registration section, select the ICICI option.
    Note: In Step 2: Verify Registration section, we recommend you verify the registration by doing a test bank transfer.

  2. Enter the IFSC Code, Beneficiary, and Account Number in their respective text boxes.

  3. In the Confirm Account Number text box, reenter the account number.

  4. Click Submit. The Test Transfer Pending pop-up appears. Once the transaction is successful, the message displays that you have successfully completed the test transfer.

  5. Click the Initiate Bank Transfer button on the Bank Transfer page to initiate the salary process.

If your employee is an existing customer of the ICICI bank, perform the actions performed in the following video:

Process salary from greytHR

After the registration process is complete, you are all set to use this amazing feature to process the salaries. Here's a walk-through on how to create a bank transfer from greytHR. You can perform the below activities from the Bank Transfer page.

  • Create a bank transfer.

  • Verify the bank transfer.

Create a bank transfer

After completing the registration process, you can create a bank transfer to process the salary. To create a bank transfer, perform the following actions:

  1. On the Bank Transfer page, click Create New Bank Transfer button. Step 1:Transfer Type section appears.

  2. In Step 1:Transfer Type, select the Direct Debit option.

  3. From the Bank Template dropdown list, select ICICI Direct Debit.

  4. Click Next. Step 2: Select Employees section appears.

  5. From the Employee Filter dropdown list, select the required option to customize the employee search.
    Note: You can click the Error button to view records with errors. By default, greytHR displays all records.

  6. Click Next. Step 3: Options section appears.

  7. In the Narration textbox, enter the valid narration.

  8. In Transfer via, select NEFT/RTGS/IMPS as per your requirements.

  9. Click Finish to create a bank transfer.

  10. Click the Initiate Direct Debit button to initiate the transaction. A Verify the Transaction pop-up appears. You can also click Download File to download a file or click Close to return to the Bank Transfer page.

  11. On the pop-up, in the Enter OTP textbox, enter the OTP received on your registered mobile number.

  12. Click Verify and Initiate to initiate the transaction. A success message appears.

Note: If your employee's salary is more than two lakhs, then the system automatically sets the transaction type as RTGS rest of the employees are set as NEFT/ IMPS.

Verify the bank transfer

To verify the bank transfer, perform the following actions:

  1. On the Bank Transfer page, click the file name. The file opens on a new page and displays Payroll, Transfer Type, Branch, Bank, Name, Status, and Total Amount. You can also view and verify the table displaying Employee Name, Employee No, IFSC Code, and Bank.

Note: You can download, export to Excel, or delete the transaction using their respective icons.

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