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Overview

In order to get started with creating corporate payroll benefit transfer, you would need to add sufficient funds in Zeta's bank account and enter the fund transfer details in the Zeta Optima dashboard. This enables you to successfully execute the scheduled transfers. The dashboard also provides you a detailed view of your transactions, for example, viewing the fund addition history or account statement for your internal tracking.

Note

The Zeta onboarding/sales team will share the bank details. You can initiate online NEFT transfer or cheque payment towards bank account. Alternately, you may find bank details under (plus) Add Funds option in the Funding Accounts tab.

In principle, like different companies (Business units) you can have multiple legal funding accounts to manage employees fund transfers. But unlike companies, by default funding account doesn't exist and you need to create By default a funding account to successfully add funds to transfer to your employeesgets associated with your new corporate account. For instance, the screen below shows two funding accounts for your use.

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Note

You can initiate online NEFT/IMPS transfer or cheque payment towards Zeta bank account. The Zeta onboarding/sales team will share the bank details. Alternately, you may find Zeta bank details under (plus) Add Funds option in the above screen.


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Creating Funding Account

Zeta Optima interface provides you a quick and secure means to open a Zeta funding account and then add fund transfer details such as NEFT

/IMPS

reference or cheque number to the funding account. Create funding accounts as many as you want based on the requirements.

Note

Zeta recommends you to use different funding accounts for different Optima programs for your convenience.

The Optima interface also lets you transfer balance from one funding account to another funding account. This feature is useful when you operate multiple legal funding accounts and run short of appropriate balance in one of your corporate funding accounts to process monthly benefit transfers. Hence, ensure that you have sufficient balance in your funding account to avoid any last-minute transfer error.

To Open a Fund Account

  1. Log

into the

  1. in to your Zeta Optima

platform

  1. account.

  2. From the

right

  1. left navigation

space

  1. pane, go

to Administration >

  1. to Funding Accounts

under global menu.Image Removed
  • In the "Funding Accounts" page, click (plus) Open a Funding Account option
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  • Specify the account name of your choice and optionally, add description to your account
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    • Finally, click Open Account to

    1.  under Corporate Tools menu. This opens up the fund detail page

    2. On this page, click (plus) Open a Funding Account option.
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    3. Specify the Account Name of your choice
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    4. Finally, click Open Account to create a new funding account

    To Add Fund Details

    1. Log

    into the

    1. in to your Zeta Optima

    platform

    1. account.

    2. From the

    right navigation space

    1. left navigation pane, go

    to Administration >

    1. to Funding Accounts

    under global menu.In the "Funding Accounts" page, click (plus) Add Funds against

    1.  under Corporate Tools menu.

    2. On this page, click + Add Funds against a fund account where you want to add the fund transfer details

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    1. Image Added

    2. In the “Add Funds to (account name)” screen,

    select

    1. select option 2

    to If selected NEFT/RTGS/IMPS

    1.  to enter you payment details such as transaction type as NEFT/IMPS or CHEQUE.

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      Enter one of the following fund transfer details - NEFT or Cheque and proceed to the next.

      1. On selecting NEFT, configure the following:

    NEFT/RTGS/IMPS
      1. Transfer ParametersDescription
        NEFT NumberEnter the NEFT
    /RTGS/IMPS
      1. reference number that you’d see post fund transfer or receive via SMS notification
        Transfer DateEnter the date of the online transfer
        AmountEnter the transfer amount in rupees
        CommentsEnter useful remarks for internal use
    If selected


      2. On selecting CHEQUE, configure the following:

        Transfer ParametersDescription
        Cheque NumberEnter the cheque number that you’d see on the cheque leaflet
        Cheque DateEnter the date of the issued cheque
        AmountEnter the transfer amount in
    rupees`
      1. rupees
        CommentsEnter remarks for useful information

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    2. In both

    cases, click

    1. transfer methods as shown above, click Submit Request

    once

    1.  once you’ve entered the fund transfer details. Once approved, you can view the details

    under

    1. under Fund Addition

    tab

    1.  tab (see next section).

    To Transfer Funds to Another Funding Account

    Note

    This feature will only appear if you have multiple legal funding accounts.

    1. Log in to your Zeta Optima account.

    2. From the left navigation pane, go to Funding Accounts under Corporate Tools menu.

    3. Choose a funding account from where you want to initiate the fund transfer to another account
    4. Locate and click more action (Image Added) option and then click Transfer funds to another Funding A/c against a funding account from where you want to initiate the fund transfer to another account. The transfer fund page appears.
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    5. From "Transfer funds to" drop-down menu, select the funding account that you wish to recharge
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    6. In Amount to be transferred field, enter the transfer amount.
    7. Finally, click Transfer Funds to confirm the fund transfer


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    Viewing Fund Details

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    Zeta Optima dashboard lets you view your corporate fund details such as available funds, fund request history and balance history for your review. This helps you take informed action well in advance to avoid any order failure since sufficient funds are required to successfully execute the orders.

    You can view the following options under Funding Accounts option:

    OptionsDescription
    Available BalanceGives a quick view of available balance in your funding account.
    Fund Addition HistoryGives a quick view of all fund request that are added to your funding account.
    Account StatementGives a detailed view of all order transactions including debited, credited or revoked in one page.

    To View Available Balance

    1. Log

    into the

    1. in to your Zeta Optima

    platform

    1. account.

    2. From the

    right navigation space

    1. left navigation pane, go

    to Administration >

    1. to Funding Accounts

    under global menu.In the "Funding Accounts" page

    1.  under Corporate Tools menu.

    2. On this page, view the available balance

    in

    1. against the individual accounts as seen below.
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    To View Fund Addition History

    1. Log

    into the

    1. in to your Zeta Optima

    platform

    1. account.

    2. From the

    right navigation space

    1. left navigation pane, go

    to Administration >

    1. to Funding Accounts

    under global menu.In the "Funding Accounts" page, click Transaction History next to add fund option.
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    1.  under Corporate Tools menu.

    2. On this page, click Transaction History option.
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    3. Click Funds Additions tab to view the fund transfer detail. On this page, you can see all accepted or pending funds initiated via NEFT

    /RTGS/IMPS Click Account Statement tab

    1. or cheque transfer.
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    To View Account Statement

  • Log into the Zeta Optima platform

  • From the right navigation space, go to Administration > Funding Accounts under global menu.

  • In the "Funding Accounts" page, click Transaction History next to add fund option.
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    1. Follow the steps 1-3 as mentioned in Section: To View Fund Addition History.

    2. Click Account Statement tab to view the fund statement details. On this page, you can see all successful transactions such as debited, credited or revoked and so on.
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    Note

    You may wish to see older statement beyond Dec 1st, 2016, click "Looking for..... 1st Dec, 2016" option at the bottom of the screen.

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