From payroll approval to bank transfer in minutes.
Process your monthly payroll — Peoplifi automatically calculates basic salary, allowances, FBR tax, EOBI, PESSI, and all deductions for every employee.
Review the payroll summary. Check net salaries, deductions, and bank account details for each employee before approving.
Click 'Export Bank Sheet' and select your bank. Peoplifi generates an IBFT-compatible file formatted for your specific bank's corporate internet banking portal.
Log into your bank's corporate internet banking, navigate to Bulk/Payroll Transfer, upload the file, authorize, and salaries are disbursed.
Peoplifi generates IBFT files in the correct format for each bank.
Don't see your bank? Contact us — we add bank formats on request.
IBFT (Interbank Fund Transfer) is Pakistan's electronic interbank payment system that allows transfers between different bank accounts. Businesses use IBFT bulk payment files to disburse salaries to employees holding accounts at any Pakistani bank.
Instead of manually entering each employee's account number and salary amount in your bank's portal, an IBFT bank sheet lets you upload a single file with all employees' details. This saves hours of data entry, eliminates errors, and processes all salaries simultaneously.
A typical IBFT payroll file contains: employee name, CNIC or employee ID, bank account IBAN, bank name, branch code, net salary amount, and payment narration/reference. The exact columns required vary by bank.
After finalizing payroll in Peoplifi, click 'Export Bank Sheet' and select your bank. Peoplifi pulls each employee's IBAN, calculates their net salary (after FBR tax, EOBI, PESSI, and any deductions), and generates a file in your bank's exact required format — ready to upload.
SBP-regulated IBFT limits: PKR 1,000,000 per transaction for most banks. Corporate accounts typically have higher negotiated limits. Bulk payroll files are often processed under special corporate bulk payment agreements.
Yes. IBFT allows transfers to accounts at any SBP-regulated bank in Pakistan. Your IBFT payroll file can contain employees banking with HBL, MCB, UBL, Meezan, Alfalah, and others — all in the same file.
IBFT transfers are typically processed within the same business day (T+0) when initiated before the bank's cut-off time, usually 3:00–5:00 PM. Some banks process in real-time during business hours.
Yes, bulk IBFT payroll transfers require a corporate or business account with internet banking access. Most Pakistani banks offer dedicated corporate internet banking portals with bulk transfer capabilities.
Yes. Bank corporate portals use SSL encryption and require dual authorization (maker-checker) for bulk payments. Peoplifi generates clean, bank-formatted files with no macros or embedded scripts.
Run payroll, auto-calculate FBR tax & EOBI, export IBFT bank sheet — done. Join 500+ businesses saving time every month with Peoplifi.