Connected Banking In TallyPrime 6.0 - Automate Your Banking Tasks

Managing business transactions manually can be time-consuming. Logging into multiple bank portals, downloading statements and reconciling them with your books can take up hours - slowing down the business growth.

With Connected Banking in TallyPrime Release 6.0, things get a whole lot easier. This new feature lets you handle all your banking operations - making payments, fetching statements and reconciling accounts - without ever leaving Tally.

No more switching between multiple platforms, no more manual data entry. Just seamless, secure and automated banking right inside you Tally accounting software. Let’s see what makes this feature so important.

What is Connected Banking in TallyPrime 6.0?

Connected Banking is an advanced integrated feature provided in TallyPrime 6.0 that directly links your bank account to Tally. It allows to initiate payments, retrieve bank statements and reconcile transactions in real time - all from one place.

It eliminates the need to visit multiple bank portals, this feature simplifies day to day banking, making financial operations smoother and more efficient than ever before. With Connected Banking, you can make payments, check bank balances, fetch bank statements, and reconcile transactions effortlessly—all while maintaining top-tier security.

Key Features of Connected Banking

• Direct Bank Payments from Tally
  Now you can send payments via NEFT, RTGS, and IMPS directly from TallyPrime - without logging in to bank’s website. Whether its vendor payments, salaries or business expenses, transactions are quick and hassle free.

• Automated Bank Reconciliation
  No more manual searching for bank statements to match with your books. Tally automatically fetches your bank statement and suggests matching transactions, saving time and reducing errors.

  Bulk Payments Made Easy Initiate bulk payments to more than one party in a single step. Payments have never been more efficient than before. Paying off vendors' dues, or paying their staff, all at once has never been simpler than this.

  

• Real-time Bank Balance Updates
  Stay updated with the live bank balances directly in Tally. This helps in tracking expenses, pending payments and available funds without switching between different platforms

• Secure And Encrypted Transactions
  Security is a top priority. With bank-level encryption and Tally.NET authentication, your financial data stays safe from unauthorized access.

How Does Connected Banking Work?

• Link your bank account securely with TallyPrime 6.0.
• Make payments directly without switching to a bank portal.
• Fetch bank statements automatically and match transactions with ease.
• Reconcile with one click and keep your books accurate.

Benefits of Connected Banking

• Time-Saving:
  With automated payments and reconciliation, businesses can free up time for strategic tasks instead of handling repetitive banking work.

• Error-Free Transactions: No more manual entry mistakes or duplicate records. Automatic reconciliation reduces human errors and keeps your books accurate.

  Better Cash Flow Management: With real-time updates on bank balances and transactions, you can monitor cash flow, track expenses, and make informed financial decisions.

  

• Secure and Reliable: Connected Banking ensures banking data is protected through encryption, keeping transactions safe and secure.

• Less Dependency on Bank Portals: No need to log into multiple bank accounts - manage everything from one Tally dashboard.

Supported Banks

TallyPrime 6.0 has integrated with leading banks, including:

✅ Axis Bank
✅ SBI (State Bank of India)
✅ Kotak Mahindra Bank

Who Benefits the Most from Connected Banking?

• SMEs & Startups - Cut down hours of banking work and focus on business growth. Finance Teams & Accountants - Reduce errors, speed up reconciliation, and work more efficiently.

• Retailers & Traders - Manage bulk transactions, vendor payments, and supplier settlements seamlessly.

• Manufacturers - Automate vendor payments and salary processing, improving workflow and efficiency.

• Service Providers - Track client payments and business expenses easily within Tally.

Summing Up

Connected Banking In TallyPrime 6.0, is more than just convenience - it’s a tool that boost productivity, accuracy and financial efficiency. By integrating banking with accounting, businesses can save time, cut operations costs and manage finances effortlessly.

From direct payments and real time reconciliation to secure transactions and bulk processing, this feature eliminates tedious banking tasks and allows business to focus on growth.

At Antraweb Technologies, we have been helping business streamline their Tally experience for over 33 years. As a trusted 5 star rated tally Partner, we ensure that companies leverage the full potential of Tally with expert guidance and seamless implementation.

What More Would You Like in TallyPrime?

TallyPrime 6.0 has introduced Connected Banking and many other powerful features—but we believe in continuous innovation. What enhancements would make your Tally experience even better?