Banking & Finance

HR Software Built for Banks, NBFCs & Insurance in India

Branch network attendance, variable bonus structures, RBI / IRDAI / SEBI audit trails, and confidential payroll for banks, NBFCs, insurance firms, and fintech across India.

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Built-in

Audit trail logs

60%

Faster bonus cycle

Zero

Data leak incidents

ISO 27001 SOC 2 TYPE II INDIA RESIDENCY RBI READY
The Problem

Why BFSI HR Breaks Standard Tools

Four pain points Indian banks, NBFCs, and insurance firms hit every audit, every quarter.

RBI / IRDAI / SEBI compliance load

Banking Regulation Act, RBI variable pay norms, IRDAI bonus caps, SEBI insider trading rules. Audit trails must capture every change.

Branch network attendance

50 to 5,000 branches across states. Different working hours, different state PT, biometric devices per branch all feeding one payroll engine.

Variable bonus complexity

KRA-linked bonus, deferred bonus, claw-back clauses, ESOP grants under RBI guidelines. Manual calculations break under audit scrutiny.

Data confidentiality & insider risk

Salary, PMS ratings, customer-facing role data is sensitive. Role-based access, encrypted-at-rest, and audit logs are non-negotiable.

The Solution

9 Modules Built for Indian BFSI

Permanent staff, contract field agents, and partner-channel teams on one audit-ready platform.

Payroll

KRA-linked variable, deferred bonus, ESOP under RBI norms, claw-back tracking.

Attendance

Branch biometric, geo-fenced field sales, separate ops vs RM attendance.

Leave

Mandatory annual leave (RBI rule), sabbatical, study leave, festive holidays.

Compliance & Audit

Full audit trail, immutable logs, RBI / IRDAI / SEBI inspection-ready reports.

Performance

KRA / KPI scorecards, 360 review, bell curve, bonus pool calculations.

Recruitment

Heavy BGV (CIBIL, criminal, banking history), reference checks before offer.

Onboarding

KYC-grade docs, NDA, fidelity bond, code of conduct, role-based access setup.

Role-Based Security

Industry-standard encryption in transit and at rest, role-based access controls, dual approval for sensitive changes, immutable audit log.

Field Sales App

RM mobile app for visits, leads, attendance, expense, KYC photo capture.

Banking & Finance Segments Served

Public Sector Banks Private Banks Cooperative Banks NBFCs Insurance Asset Management Stockbroking Microfinance Fintech Payment Banks

BFSI Compliance, Handled Automatically

Every Indian regulation that touches a banking, insurance, or financial-services workforce, applied by rule and updated same-day on circulars.

RBI Variable Pay Guidelines
IRDAI Bonus Caps
SEBI Insider Trading Rules
Banking Regulation Act 1949
Insurance Act 1938
EPF & MP Act 1952
ESI Act 1948
Gratuity Act 1972
TDS & Form 16
Multi-state PT & LWF
ECR & Form 24Q
India Data Residency

Integrates with your BFSI stack

Core Banking (Finacle, Flexcube) SAP Oracle Tally eSSL Matrix OnGrid SpringVerify CIBIL Auth0 Okta Microsoft Entra ID
FAQ

Banking & Finance HR Software: Common Questions

Quick answers on RBI compliance, audit trails, variable pay, and security.

Does it generate RBI / IRDAI inspection-ready audit trails?
Yes. Every payroll run, master-data change, leave approval, and access event is logged with user, timestamp, before / after values, and IP address. Logs are immutable. RBI, IRDAI, and SEBI inspectors can pull date-wise, branch-wise, and role-wise reports in one click.
How does it handle KRA-linked variable pay and deferred bonus?
KRA scores feed into bonus pool calculations with deferral tags per RBI variable pay guidelines. Bonus claw-back rules apply automatically if performance metrics revert. ESOP grants and vesting schedules sync with payroll for accurate Section 17 perquisite reporting.
Can it support 1,000+ branch attendance?
Yes. Branch biometric devices (eSSL, Matrix, ZKTeco) and geo-fenced mobile attendance for relationship managers feed one consolidated payroll. Branch managers see their branch only. Zonal heads see their cluster. HQ has consolidated dashboards with drill-down.
How is employee salary and PMS data secured?
Industry-standard encryption in transit and at rest, India data residency, role-based access controls, dual approval for sensitive changes, and immutable audit logs. Aligned with SOC 2 and ISO 27001 control families and backed by factoHR India infrastructure.
Does it work for cooperative banks, NBFCs, and microfinance?
Yes. Cooperative banks, NBFCs, MFIs, payment banks, and small finance banks run on the same platform. Multi-entity setup separates each business unit while keeping consolidated reports for parent organisations. State-wise minimum wage and PT rules apply per branch.

Ready to simplify BFSI HR?

20-min walkthrough on your branch network, bonus structure, and audit setup.

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