Connected Banking in TallyPrime 6.0 – Complete Guide

Published on: 15-04-2025

Connected Banking in TallyPrime 6.0 – Complete Guide

TallyPrime 6.0 makes it easy to manage your business banking with the Connected Banking feature. You can now check your bank balance, download statements, make payments, and reconcile accounts directly within Tally. Here's a simple explanation of how it works and which banks are supported.

What is Connected Banking?

Connected Banking lets you link your bank account with TallyPrime. Once connected, you can:

• View your current bank balance in Tally
• Download your bank statement automatically
• Reconcile transactions easily
• Make payments directly from Tally

You no longer need to log in to your bank's website for these tasks.

How to Use Connected Banking

Step 1: Open Bank Connections

• Open TallyPrime 6.0
• Press Alt + Z to open the Exchange menu
• Go to Banking and then select Bank Connections
• Press F6 to add a new bank connection

Step 2: Choose Your Bank

• Select your bank from the list that appears
• Press C to connect

Step 3: Authenticate

• Tally will take you to your bank’s login page
• Log in using your bank credentials and verify with OTP if required
• Once approved, you will return to Tally with your bank linked

Features You Can Use After Connecting

• Real-Time Balance: Check your actual bank balance from within Tally
• Bank Statement Download: Instantly download your latest statement
• Automatic Reconciliation: Tally will match your transactions with the bank statement
• E-Payments: Send payments directly to vendors, employees, or others from Tally

List of Supported Banks in TallyPrime 6.0

Tally currently supports connected banking with the following banks:

• Axis Bank
• HDFC Bank
• ICICI Bank
• Kotak Mahindra Bank
• YES Bank
• Federal Bank
• IDFC First Bank
• South Indian Bank
• Bank of Baroda
• Bandhan Bank
• Citibank
• RazorpayX

Requirements

To use connected banking, make sure:

• You have a valid Tally.NET ID
• You have an active TSS (Tally Software Services) subscription
• Your bank is supported by Tally

All bank logins and transactions are handled securely through your bank’s system. Tally does not store your login details.

Summary

Connected Banking in TallyPrime 6.0 helps you manage all your banking tasks directly from your accounting software. It's simple to set up, safe to use, and saves time by automating your daily financial processes.