Overview

In order to get started with creating corporate benefit transfer, you would need to add sufficient funds in Zeta's bank account and enter the fund transfer details in the Zeta 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.

In principle, like companies 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 a funding account to successfully add funds to transfer to your employees. For instance, the screen below shows two funding accounts for your use.

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.

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 Zeta Optima platform

2. From the left navigation pane, go to Funding Accounts under Tools menu. This opens up the fund detail page

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

To Add Fund Details

1. Log into the Zeta Optima platform

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

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

4. In the “Add Funds to (account name)” screen, select option 2 to enter you payment details such as transaction type as NEFT/IMPS or CHEQUE.
     
   Enter one of the following fund transfer details - NEFT/RTGS/IMPS or Cheque and proceed to the next.

   1. On selecting NEFT/RTGS/IMPS, configure the following:

      NEFT/RTGS/IMPS Number	Enter the NEFT/RTGS/IMPS reference number that you’d see post fund transfer or receive via SMS notification
      Transfer Date	Enter the date of the online transfer
      Amount	Enter the transfer amount in rupees
      Comments	Enter useful remarks for internal use

   2. On selecting CHEQUE, configure the following:

      Cheque Number	Enter the cheque number that you’d see on the cheque leaflet
      Cheque Date	Enter the date of the issued cheque
      Amount	Enter the transfer amount in rupees`
      Comments	Enter remarks for useful information

      

5. In both transfer methods as shown above, click Submit Request once you’ve entered the fund transfer details. Once approved, you can view the details under Fund Addition tab (see next section).

To Transfer Funds to Another Funding Account

1. Log into the Zeta Optima platform

2. From the left navigation pane, go to Funding Accounts under 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 () 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.
   
5. From "Transfer funds to" drop-down menu, select the funding account that you wish to recharge
   
6. In Amount to be transferred field, enter the transfer amount.
7. Finally, click Transfer Funds to confirm the fund transfer

Viewing Fund Details

You can view the following options under Funding Accounts option:

To View Available Balance

1. Log into the Zeta Optima platform

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

3. On this page, view the available balance against the individual accounts as seen below.
   

To View Fund Addition History

1. Log into the Zeta Optima platform

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

3. On this page, click Transaction History option.
    

4. 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 or cheque transfer.
   

To View Account Statement

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.