Bank / Branches / Inter-bank Accounts

Banks and their respective branches are defined for those employees who are paid via bank transfers.

• Bank Code: Alphanumeric code
• Name: Full official bank name (in upper case)
• Short Name: Abbreviated bank name
• Transfer Type: Which fixed format is used to credit employees accounts with their monthly salary.
  • Manual: credit employees accounts instruction by a Standing Orders Report
  • Credit accounts instruction by diskette, email or internet banking. The fixed formats that Sicorax Payroll supports are:
    • MCB Transfer
    • SBM Transfer
    • HSBC Transfer
    • Barclays Transfer
    • Baroda Transfer
    • BDM (Banque Des Mascareignes) Transfer
    • SB (Standard Bank) Transfer
    • BONE (Bank One) Transfer
    • IOIB Transfer
    • SBI (State Bank Of India) Transfer

The bank branches, at which employees have their accounts, must be defined.

• Branch: Alphanumeric
• Name: Full branch name
• Address 1 to 3: Branch address
• Banking Details: Required for international branches only, it should contain the exact branch address
• Branch Type:
  • Local: for a local bank/branch
  • International: for an international bank/branch

Example of Indonesia's Bank Negara Banking Details :

BANK NEGARA INDONESIA (BNI)
BRANCH LEGIAN  
BALI 
INDONESIA

Inter-bank Accounts are used to identify external bank accounts per bank.

It is used in credit of salaries instructions to more than one bank via one main bank order/transfer.

Example : If you need to send a credit of salaries instruction via a main bank e.g MCB 
and you have among your staff employees with bank accounts at MCB, IOIB and HSBC, then
  * IOIB MCB's inter-bank account 08 must be referenced
  * HSBC MCB's inter-bank account 07 must be referenced

Each bank has an official list of their inter-bank accounts. See below.

Inter-bank Accounts Reference Guide