TallyPrime

TallyPrime

Home

Learn

Help

Get App

TallyPrime is a comprehensive business management platform that helps you run your business with greater ease, speed and efficiency. With powerful features across accounting, inventory, compliance and cloud access—and now strengthened with Connected Banking—it brings everything you need into one seamless solution.

Benefits

Securely access your Kotak Mahindra Bank Current Account directly from TallyPrime. After connecting your bank account to TallyPrime, you can:

Send payments directly from TallyPrime.
View bank statements and live balances.
Auto-create vouchers using bank data in clicks.
Auto-reconcile book and bank transactions within minutes.

Steps to Connect Kotak Mahindra Current Account on TallyPrime:

Go to ‘Exchange’.
Click on ‘All Banking Options’ and select ‘Bank Connections’.
Click on ‘New connection’ and select ‘Kotak Mahindra Bank’.
Click on ‘Connect’ and wait to get redirected to the Kotak Mahindra Bank portal.
Log in to the Kotak Mahindra Bank portal.
Enter the One-Time Password (OTP) sent to your registered mobile number and click 'Verify'.
Read the Terms and Conditions, then click 'Verify'.
Switch back to TallyPrime.
Click on ‘Refresh Status’ in the Connect to Bank screen.

Note:

Balance and Statements via Connected Banking is available on TallyPrime Release 6.0 and above.
Payments, Balance and Statements via Connected Banking is available on TallyPrime Release 7.0 and above.

tally-prime-youtube

Ready to take the next step?

I am interested

Collect payments easily, anytime, anywhere with kotak.biz app

Download Now

Frequently Asked Questions

What is TallyPrime?

TallyPrime is a comprehensive business management and accounting software that helps businesses manage billing, accounting, reconciliation, and reporting efficiently in a single platform.

What are the benefits of Kotak Connected Banking on TallyPrime?

With Kotak Connected Banking on TallyPrime, you can:

Access real-time bank balances directly within Tally.
Fetch bank statements instantly.
Automate bank reconciliation.
Simple, secure payments (enabled on Tally Prime Release 7.0).
Eliminate manual data entry and duplication.
Manage accounting and banking seamlessly on one platform.

Are there any charges for enabling Kotak Connected Banking on TallyPrime?

There are no charges for enabling Kotak Connected Banking if you already have an active TallyPrime licence/subscription.

If you do not have an active licence, applicable charges for purchasing or renewing the TallyPrime licence will apply as per Tally’s pricing.

Are there any charges for TallyPrime?

Tally Prime is a licensed software offered by Tally Solutions. Charges for purchase or renewal of the licence/subscription are applicable as per Tally’s pricing structure.

Which release of TallyPrime supports Kotak Connected Banking?

Kotak Connected Banking is supported on:

TallyPrime version 6.0 supports account balance and statement fetch.
Tally Prime version 7.0 and above supports account balance, statement fetch and vendor payments.

Which release of TallyPrime supports Payments on Kotak Connected Banking?

Payments functionality on Connected Banking is available on:

Tally Prime version 7.0 and above.

How do I connect my Kotak Current Account/Overdraft Account on TallyPrime?

To connect your account:

Log in to TallyPrime.
Go to Exchange → All Banking Options..
Select ‘Bank Connections’ and click on ‘New Connection’ and choose ‘Kotak Mahindra Bank’.
Log in to Kotak Internet Banking.
Enter One-time password and complete verification.
Return to TallyPrime and refresh status.

You can also refer the below video for connecting your account on TallyPrime:
https://www.youtube.com/watch?v=VNhpbe67Ca4

What features are available on TallyPrime via Kotak Connected Banking?

Currently available features include:.

Viewing of account balance.
Fetching account statement.
Automatic reconciliation support.

Additionally (on supported versions):

Vendor payments directly from TallyPrime (for eligible users with full transaction rights on accounts).

Whom can I contact for issues related to my TallyPrime licence?

For licence-related queries (purchase, renewal, activation):

Please contact Tally Solutions support on ([email protected]) or your Tally service provider/partner.

Whom can I contact in case of a technical issue with respect to the bank in Tally Prime?

"Both new and existing customers should have identity, address, and income-proof documents. Acceptable documents include:

• For general queries and guidance, please contact your Relationship Manager.
• For technical issues, please mail at [email protected]

Disclaimer (Things you should know):
For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.

Page also available in: हिन्दी - Hindi

Kotak Mahindra Bank and any of its directors, employees and personnel shall not be liable for any loss, damage of any nature including but not limited to direct, indirect, punitive, special, exemplary, consequential as also any loss of profit in any way arising from the use of the services offered by TallyPrime, Zoho Books, and OpenMoney. The recipient shall be solely and fully responsible/ liable for any consequence arising as a result of availing the services and agrees not to hold the Bank liable for any loss or damage upon utilizing the services of TallyPrime, Zoho Books, and OpenMoney. The Bank shall not be responsible in any way for the advice given by TallyPrime, Zoho Books, and OpenMoney, its employees, representatives, agents and consultants.