What is Bulk Posting in SBI?
By BYJU'S Exam Prep
Updated on: November 14th, 2023
Bulk posting in SBI is the simultaneous transfer of money from one source to multiple accounts and is often referred to as bulk posting. The term “bulk posting” is used in the banking industry to describe mass transfers from one account to another. Any salary transfer from the current performance of the business to each employee’s salary account is often completed in bulk with a few clicks.
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Bulk Posting in SBI
The technical term “bulk posting” is often used in the banking sector. It means depositing money into multiple accounts at once on a regular basis. For example, the government announces pensions, benefits, and subsidies for agriculture. Alternatively, companies can transfer employee compensation.
- Bulk posting was introduced after the use of computers in the banking system. As before, bank tellers kept their salary in a register.
- The cashier inputs data and multiple salaries feed into the computer as well as instructs to transfer all employees’ salaries to the listed accounts with a single click.
- Bulk posting is used in the financial system to describe this process.
- Whether there are hundreds, thousands, or millions of entries, it can be completed in a matter of seconds.
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