Federal Bank has become the latest lender to introduce the facility, enabling EPFO payments through its digital banking platform for net banking users.
The service was launched at an event held in New Delhi attended by EPFO officials and representatives from the bank.
According to the bank, the facility will be available to all its net banking customers and is aimed at simplifying statutory payment processes related to provident fund contributions.
EPFO payments are generally made by employers to deposit employee provident fund contributions and meet statutory compliance requirements. Over the past few years, several banks have added such services to their digital platforms as part of a broader push towards online compliance and payment systems.
Federal Bank said the integration would allow users to make EPFO-related payments digitally without visiting offices, helping reduce paperwork and processing time for organisations and institutions.
Commenting on the launch, Harsh Dugar, Executive Director at Federal Bank, said the initiative was part of the bank’s efforts to expand digital banking services and support interactions with government platforms.
The move comes as banks continue to strengthen digital payment infrastructure and add services linked to tax, compliance, and government-related transactions through internet banking channels.
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