DBS bank has partnered with leading accounting ERP platform - Tally solutions, to provide integrated technology and banking solutions that drive additional value to your business. Explore a convenient way of carrying out your routine business & banking transactions within Tally.

Connected Bank

Connected Bank

Send e-Payments directly from Tally platform to DBS Bank with a single click

Secure

Easy Tracking

Receive payment status and transaction reference on a single dashboard in Tally

Easy to use

Approve on the go

Discover flexibility of approval-on-the-go with DBS IDEAL Mobile App

Easy to use

Instant Advice

Keep your vendors informed with automated transaction advising

Instant Access

Security

Enjoy the highest standards of encrypted security while making and approving payments

Customer Feedback

“DBS e-Banking integration with Tally has eliminated duplication of work. Banking is much easier now.”

- Premkumar Therambli
General Manager - Accounts,
Econship Marine Pvt Ltd

“Earlier I had to prepare payments files manually. Now my work gets done faster. It saves my time and I go home early!”

- Sneha Gondhali
Accounts Officer
Milan Laboratories

“I’m very thankful to DBS for introducing this product. Our staff used to print the voucher, print the cheque from Tally and then used to send them by courier.

DBS e-Banking integration with Tally has really solved our problem. We have saved lots of man hours.

Advanced advising features give our beneficiaries the comfort level with details of invoice no. and document no. etc.”

- Upendra Deshpande
Director
Milan Laboratories

Experience connected banking now

Call DBS BusinessCare

1800 419 9500

Register

to get a live demo

Click here to get started

DBS BusinessCare

1800 103 6500 / 1800 419 9500 or (+91) 44 6632 8000 (for overseas)

Monday to Friday (excluding public holidays) from 10:00 am to 7:00 pm

Frequently Asked Questions

+   How can I avail Connected Bank Services with Tally?

Tally Solutions & DBS have partnered to provide you a seamless e-Payments solution.

To enable this service, you need to have the following:

  1. Tally ERP 9 Release 5.4.5 or above with an active TSS subscription
  2. Subscription to Integrated Banking Services with Tally as part of our Electronic Banking Services via DBS IDEAL (at no additional charges).

Do not have a DBS Current Account yet? Click here to open a bank account with the World’s Best Digital Bank, DBS.

Refer this link on Tally website for more details on e-Payments feature under Tally ERP 9 Release 5.4.5 Please note that the ‘Connected Bank’ Services are currently supported for DBS Bank only.

* DBS has been recognized as World’s Best Digital Bank & Asia’s Best Bank 2016 – Euromoney.

+   How can I initiate e-Payments from Tally?

Tally has introduced a new e-Payments report, where the payment vouchers that can be sent to Bank will appear. All you need to do is select the voucher and click ‘Send to Bank’ within Tally. The transaction will automatically appear on our Internet Banking Platform DBS IDEALTM for your review and approval. You can send multiple vouchers to bank in a single click.

Within the e-Payments feature, you can initiate NEFT, RTGS, Intra-bank Account Transfers, Future dated payments (up to 90 days). You can also initiate Payroll payments through NEFT.

+   What is e-Payments report in Tally?
e-Payments report is a single dashboard on Tally which gives a complete view of transactions initiated within Tally. It compiles vouchers that have been posted in four different queues:
  1. Transactions with incomplete information
    2. e-Payments transactions that have some mandatory information missing such as account number, IFSC details reflect in this queue. These vouchers can be corrected inside e-Payments report.
  2. Transactions with information mismatch (with master)
    3. e-Payments transactions which have information that do not match the details in the master appear in this queue. The mismatch in vouchers and master can be corrected by copying information from master or you can accept the details as is.
  3. Ready for sending to bank
    4. All e-Payments transactions that have complete and correct details and are ready for sending to bank appear in this queue.
  4. Transactions sent to bank (unreconciled)
    5. All e-Payments transactions that have been submitted to bank successfully reflect in this queue
+   How can I track e-Payments transaction status in Tally?

e-Payments transaction status can be tracked against a particular transaction within Tally’s e-Payments report. The description of each status that appears against a transaction is as mentioned below:

  • Submitted- When the transaction has been pushed successfully from Tally’s platform
  • Verifying- When the transaction is being verified by the bank
  • Authorization pending- When the transaction has not been authorized by the authorizer
  • Authorized- When the authorizer has approved the transaction but payment processing is pending.
  • Processed- When the transaction has been processed and the payer’s account has been debited.
  • Failed- When the transaction could not be processed. Failed transactions can be reset in the e-Payments report itself.
+  How can I retrieve Transaction reference within Tally and send it to Beneficiary?

Once the payment is processed, the transaction reference number is automatically updated under instrument number in e-Payments report as well as the respective payment voucher within Tally. Besides, the beneficiary also receives a payment advice on email with transaction reference number and break up of invoices for easy tracking and reconciliation.

+  How do you ensure that only authorized person is able to initiate & authorize e-Payments?

e-Payments feature incorporates highest levels of encrypted security for host-to-host data transfer which ensures complete information security.

Only designated person with maker access on IDEAL can initiate payments from Tally using the TSS User ID registered with the Bank. Further transaction authorization on IDEAL can be done only by approvers as designated to operate as such by your organization.

+  Are connected bank services chargeable?

Connected bank service is free of charge. All you need is a licensed version of Tally (Tally ERP 9 Release 5.4.5 and above), active TSS subscription and a DBS Bank Account.