Federal Bank Payments - PayLite
Features & Benefits
PayLite is a comprehensive solution to process bulk transactions for our corporate clients.
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
Pay Lite is available for customers with the following constitutions
- Sole Proprietorship
- Partnership Firms
- Public/ Private Limited companies
- Societies
- Trust
- Associations
How to enroll to PayLite
- All individuals , 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
PayLite Web Link
Visit the below URL for PayLite
PayLite Application Form
Click here to download the PayLite Application form.