Make Bulk Payouts to Multiple Recipients Easily: Learn More Here


Digital transformation is at an all-time high, leading to exponential growth in every industry. As a result, businesses have reached a point where reliable and faster monetary relations have become crucial. As a business owner, the most important way to maintain healthy relations with vendors, employees, business partners, and customers is to keep track of your due payments. Bulk payouts can ensure that all dues are paid on time and without any hassles.

A bulk payout is a bank system that allows a payor to make multiple debit payments to a bulk list. A bulk list contains credit accounts or beneficiaries you intend to pay to. Payout is the best alternative to corporate banking solutions and allows you to make bulk transfers 24*7. While making bulk payouts, you can choose various options such as bank transfers, RTGS, NEFT, UPI, wallet, etc. A bank wire transfer is one of the best ways to make a bulk payout. This leads to faster payments and merchants being confident in your services.

Bulk payouts cannot be made without a bulk list, and there are two distinct types of bulk payment:

  • Standard domestic bulk payments

This transaction allows a business to make a standard domestic payment to different recipients from a single debit account. Standard domestic bulk payments are of three different types:

  • Immediate bulk payments
  • Next-day bulk payments
  • Future-dated bulk payments
  • Bulk inter-account transfer

This transaction allows you to transfer funds to multiple credit accounts from a single debit account. Bulk Inter-Account Transfer (IAT) is used to make international payouts and is a streamlined process which is more reliable, secure, and faster than other methods. Bulk payouts are majorly used for:

  • Dividends
  • Contractors
  • Freelancers
  • Direct debits
  • Salary payments

make bulk payout in india

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Making bulk payouts to different vendors in India

The bulk payout method allows you to make multiple payments in several ways. A few of them are listed below.

  • RTGS

Real Time Gross Settlement (RTGS) system is a specialized system where money can be transferred from one bank to another. RTGS transactions are one of the fastest ways of transferring money since they are done in real-time and take hardly 30 minutes. But there is a limit to how much you can transfer, i.e., two lakh rupees per day.

  • NEFT

NEFT refers to the National Electronic Fund Transfer that is managed by the Reserve Bank of India. It allows online transfers from one NEFT-enabled bank to another. The transfer of NEFT transactions varies from bank to bank, but it can be done in an average of two hours. Though RBI levies no maximum or minimum limit on making this payment, certain banks levy their own restrictions.

  • UPI

UPI, or Unified Payment Interface, is a system where a single mobile application is used to make payments to various bank accounts. With the help of UPI, you can make multiple payouts in no time. It comprises several banking features like seamless funds transfers and merchant payments under one roof and is the most preferred way of making bulk payouts today. UPI saves time and additional effort and is the fastest mode of transaction.

Bulk payouts allow you to enjoy numerous benefits. So, let us dig deeper to know more about them:

  • Clear workflow

Payouts are user-friendly and permit easy reconciliation between users. Some systems even have an approval system where they can reject or approve invoices. This helps in a robust invoice compliance system, leading to transparent payments. Hence, bulk payouts ensure that you can make payments to multiple vendors instantly and conveniently.

  • Bank account verification

Bulk payout offers the biggest advantage to users of staying secure all the time. Payouts allow you to verify if your beneficiary’s bank account is valid. As a result, it reduces the chances of theft and transaction failure.

  • No waiting periods

There are no waiting periods; you can instantly add your beneficiaries and make the transaction instantly. Hence, you do not waste your time waiting to make bulk payouts to the vendors.

  • Seamless system configuration

The bulk payouts are compatible with all the latest browsers and operating systems. Therefore, you do not have to worry about system configuration as it is a seamless process.

Bulk payouts are a convenient way of making multiple payments. EnKash is a spend management platform that offers fintech solutions for bulk payouts. They provide finance solutions for all businesses and help access payables, expenses, collections, or accounting facilities. By making payments on time and keeping track of bulk payouts, you can enhance your relations with your vendors, clients, and employees.

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