New Facility for EPF Payments

Federal Bank has introduced a new digital facility for its customers, allowing them to make Employees’ Provident Fund (EPF) related payments directly through net banking. The bank announced that it has integrated its digital platform with the Employees’ Provident Fund Organisation (EPFO) to provide seamless online payment services.

With this facility, businesses and companies can clear EPF dues online without visiting offices, making the process faster and more convenient. SBI, HDFC Bank, ICICI Bank and Axis Bank are already offering similar services, and Federal Bank has now joined the list. Federal Bank Executive Director Harsh Dugar stated that integrating government services with banking platforms would provide customers with more efficient and user-friendly digital services.