Below is the fix from the developers.
1. Stop the Zoho Analytics Onpremise service.
2. Download the fix and move it under <Zoho Home>/Analytics/fixes (Create the folder if not present)
3. Start the service.
The provided patch is applicable for both versions 4600 and 4610.
Use the below setting,
SMTP Server - smtp.zoho.com
SMTP Port - 587
Email Id/UserName - Zoho Email Id
Password - Zoho Password
Select TLS