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Federal Bank Payments - PayLite
PayLite is a comprehensive solution to process bulk transactions for our corporate clients. PayLite is a bulk file upload facility which can be used by corporate customers for processing bulk transactions.
Pay Lite is available for customers with the following constitutions
- Sole Proprietorship
- Partnership Firms
- Public/ Private Limited companies
- Societies
- Trust
- Associations
- Features & Benefits
- How to enroll
- PayLite Web Link
- PayLite Application Form
Features through PayLite
- Process up to 1000 entries per file upload
- Transactions initiated as NEFT/ intra Bank funds transfer using IMPS, NEFT, RTGS.
- Maker Checker facility available based on the organization structure
- Multiple debit/credit transactions possible through single file upload
- Schedule payment for a future date
- The checker gets the flexibility to approve the entire file or approve selected entries
How to enroll to PayLite
- All indiviuals , corporates are eligible to apply for paylite services.
- Customer Submits Application form and resolution to the branch.
- After an internal process, an automated email will be initiated to all users. to create passwords, secured using OTP
- Customer can login to PayLite and initiate transactions using SMS 2FA
Visit the below URL for PayLite
Click here to download the PayLite Application form.
