Understanding the Banking Process for India

The following list briefly summarizes the direct deposit banking procedure that you use for net payments to payees in India:

1. Set up bank accounts and schedule disbursements.

2. Run payroll.

3. Run the Global Payroll Banking Process Application Engine process (GP_PMT_PREP).

4. Run the Banking for India Structured Query Report (SQR) process (GPINBK01), which automatically generates the EFT file and SQR.

Subsequent sections provide more details about these steps.