What is Bank Advisory?
A Bank Advisory (or Bank Advice) is an instruction sent by the employer to the bank to process salary disbursements. It lists employee account details, net pay, and debit amounts from the company’s account.
Example
XYZ Ltd. sends a digital bank advice for ₹2.5 crore payroll disbursement covering 800 employees.
Why Bank Advisory Matters:
Enables secure, accurate, and compliant salary transfers.