Assured Salary Credits

“Salary sahi jagah — har baar”

✔ Zero failed salary credits ✔ Clean TDS filings ✔ Lower HR firefighting

Assured Salary Credits: Validate Bank & PAN

₹
Wrong salary transfers: ₹300–5,500 per failed transaction
PAN
PAN errors: ₹10,000 penalty per incorrect PAN (Sec 272B)
⏱
20–40 hours rework/month

Fix: plug Bank & PAN validation in HRMS.

Get a 15‑min demo Email us Call: 9820923196
✔ Real‑time Bank a/c name & status checks
✔ PAN format + NSDL verification
✔ Audit trail & maker–checker ready
✔ API‑first: plug into onboarding & payroll

Reduce penalties, retries and last‑minute payroll fire‑fighting with validation built into your HRMS workflow.

Case Study: SME Payroll Transformation

Before: 5–7 failed salary credits/month, ₹50,000 annual penalties, and 30+ hours wasted in manual corrections.

After: Zero failed credits, clean compliance filings, and 25+ hours saved monthly after enabling Bank & PAN validation in iHRMS.

Frequently Asked Questions

Is PAN validation real-time?

Yes. The system checks format instantly and can validate against NSDL databases.

Does this work with all banks?

It works with most major banks in India through secure APIs.

Can this integrate with our existing payroll?

Yes, iHRMS is API‑first and plugs into onboarding, payroll, and compliance workflows.

What changes

Before vs After Validation

Before

  • Failed salary credits & manual reversals
  • PAN mismatches → penalties & TDS corrections
  • Last‑minute firefighting at payroll close

After

  • Zero failed credits with bank name/status checks
  • NSDL‑backed PAN validation at source
  • Clean TDS + audit trail; smoother payroll close
Time saved

Would you like to save your 5,625 Ruppees

?

If there is a wrong debit 20–30 minutes

Pie chart showing correction time reduced from 25 minutes before validation to 0 minutes after validation Pie chart showing correction time reduced from 25 minutes before validation to 0 minutes after validation

Typical correction time per failed credit or PAN mismatch dropped from 20–30 minutes to ~0 with automated validation.

Impact of Manual Validation

Loss that matters

Loss of trust on wrong credits
₹10,000+Penalty on wrong PAN
Delay in disbursment
Loss of time Validation
Impact of Auto Validation

Loss that matters

₹5,625 / month manual correction loss eliminated
₹67,500 / yearannualized loss avoided
11.25 hrs / 1.41 days HR effort recovered per month
6.75 employee-days salary-equivalent saved per month (₹25k → ₹833/day)
Case study

“Assured credits from the very next cycle”

“After plugging iHRMS Bank & PAN validation, failed credits dropped to zero and we stopped TDS corrections entirely. The team saves a full day of month‑end effort.”

— Finance Head

For HR Ops

Less firefighting, better audits

  • Maker–checker ready workflows with logs
  • Real‑time checks at onboarding & payroll
  • ESS updates flow to payroll safely
For CFO/Management

Cost & compliance assurance

  • Avoid penalties & salary retry charges
  • Cleaner books via accurate TDS & payouts
  • Reliable monthly closure timelines
FAQ

Common questions

Is validation real‑time?

Yes. Bank account name/status and PAN checks happen instantly via APIs during onboarding or before payroll processing.

Will it work with our existing payroll?

iHRMS is API‑first and can integrate with most HRMS/Payroll stacks. You can also run validation as a pre‑payroll step.

What about data security?

All calls are encrypted in transit; access is role‑based with full audit logs. We follow secure data handling aligned with Indian IT best practices.

Free resource

Payroll Accuracy Checklist

Stop penalties & retries. Practical checks for HR & payroll.

Download PDF
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