Some FBP components are paid annually like a Gift coupon is paid once a year. These components are processed after the completion of the declaration cut-off period.
On the Home Page click “Transactions”.
Scroll down to Spend, Loan Management.
Click “Flexible Benefits”.
Click on “Process Annual FBP” Under “Workflow”.
Select “Components” and “Month” from the drop-down menu.
Select the “Branch” “Designation” and “Department” from the drop-down. (You can filter based on Branch, Department, and Designation”).
Click “View” to view the list of eligible employees who can receive the annual component amounts.
Select the employees by checking the box and clicking “Process”.
Note: Processing can be done only after the declaration closing date, as configured in FBP Component Mapping.
