Overview of Integration of SBI Bank with Marg Software

Process of SBI Registration with Marg Software

Overview of Integration of SBI Bank with Marg Software

• Marg ERP; a leading software application provider in GST has introduced a faster and easier Payment Reconciliation in order to help simplify and ease banking transactions.
• A seamless integration of Marg ERP & SBI Bank will help to easily manage the bank transactions i.e. IMPS, NEFT, RTGS, Same Bank Transfer.

Process of SBI Registration with Marg Software

• Go to Digital > Registration > Connected Banking.

• A 'Select Bank' window will appear.
• The user will select 'State Bank of India' from the dropdown.
• The user click on 'Go Button'.

An 'Admin / Supervisor Details' window will appear.

a. Contact Person: The user will enter contact person name as per the requirement.

b. Regd E-mail: The user will enter the registered email.

c. Regd Mobile: The user will enter the registered mobile number.

• The user will click on 'Authenticate' button.

• An 'Authentication Required' window will appear.
• In 'Send OTP to' option, The user will select the mode on which otp needs to be send.
• Suppose select 'Both'.

• The user will click on 'Send' button.

• An 'OTP has been sent' notification will appear.
• Click on 'Ok'.

• The user will enter the OTP which is received on registered email or mobile number.
• Click on 'Verify'.

• The user will click on 'Save & Register' button.

• A 'State Bank of India' window will appear.
• If the user has entered the bank account number in the ledger, it will be automatically picked otherwise, they need to manually enter the bank number.

• The user needs to enter the mobile number for which an OTP is necessary to complete the payment procedure through online banking.

Note: To enter more than one number, the user should include a comma at the last of each mentioned number.

• A 'Unique ID' will be automatically generated, user will write down the unique id for the next onboarding steps.

• The user will click on 'Save' button.

• Now, the user will click on 'SBI Portal' button.

• A 'SBI Portal' window will appear.
• The user will enter the user id, password, captcha and click on 'Login' button.

• The user will enter the OTP which is received on the registered mobile number.
• Click on 'Submit'.

• Then, go to 'API Banking' option.

• The user will click on 'New Application'.

• In 'ERP Type' option, the user will select 'Aggregator ERP'.

• In 'ERP Provider' option, the user will select 'Marg ERP Limited'.

• In 'ERP Provider Unqiue ID' option, the user will enter the unique id that was generated during the registration process.

• Then, click on 'Validate'

• The user can view that the unique id will get 'Validated' and corporate email id will get automatically generated.

• The user will click on 'Proceed' button.

• In 'API Group' option, the user will select 'Payments'.
• In 'Authorization Mode' option, the user will select 'STP'.

• The user will select the SBI Services that they need to use.
• Suppose select 'All' and click on 'Proceed' button.

• Again, the user will click on 'Proceed' button.

• Now, the user can view the all entered details preview, after verifying all details click on 'Submit' button.

• The user will enter the OTP which is received on registered mobile number and click on 'Verify OTP' button.

• An 'Onboarding Reference Number' pop up will appear.
• The user will click on 'Ok'.

• The user will click on 'Proceed' button on the view status window.

•  In order to sync bank data & details with aggregator, click on 'Sync Data with Aggregator' button.

• Following synchronization, the user can check the status to confirm that the data has been successfully synced with the aggregator.

• Again, the user will click on 'Proceed' button.

• A 'Token Management' window will appear.
• In 'Token Active' option, the user will select 'Yes'.
• In 'Expiry Period ( days ) option, the user will select the duration of validity for the token.
• Suppose select '365'.

• A 'Token generated successfully' notificiation will appear.
• The user will click on 'Ok'.

• The user will click on 'Sync Token with Aggregator' button.

• A 'Token Synced Successfully' notification will appear.
• The user will click on 'Ok'.

• After the synchronization process, the user will return to the State Bank of India window.
• The user will click on 'Registration Status' button.

• The user can view that the 'Corporate Alias' and 'Corporate Token' will get automatically filled.

• In 'Registration Status and Registration Done' option, the user will select 'Yes'.
• The user will click on 'Save & Register' button.

After following the above steps, the user can view that the Registeration on SBI Portal will get successfully completed in Marg Software.