Apart from Bank Transfer and Cheque, is there any other payment mode that I can use to transfer salaries to employees?

Yes, you can use Direct Deposit to transfer funds directly to your employees’ bank accounts by integrating your ICICI Bank corporate account or your YES Bank corporate account with Zoho Payroll.

Note: At the moment, you can make direct deposit payments from Zoho Payroll only through ICICI Bank and YES Bank. Learn more about the ICICI Bank integration and the YES Bank integration.