Bulk Posting in SBI
The technical term "bulk posting" is frequently used in the banking sector. Bulk posting means routinely crediting money to multiple accounts at once. For instance, the government announces pensions, benefits, and subsidies for agriculture. Alternatively, companies may shift the employee's compensation.
Following the use of computers in the banking system, the bulk posting was introduced. As in the past, bank tellers used to keep track of their salary in a register. The cashier input data, feed multiple salaries into the computer and simultaneously carry out directions to transfer all employee wages in the listed accounts with a single click. Bulk Posting is used in the financial system to describe this procedure. Even though there may be hundreds, thousands, or even lakhs of entries, bulk postings can be completed in a matter of seconds.