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  1. EPFO authorises IDFC FIRST Bank for online PF payments; employers can now pay via EPFO portal

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EPFO authorises IDFC FIRST Bank for online PF payments; employers can now pay via EPFO portal

SUMMARY

IDFC FIRST Bank has gone live on the EPFO platform, enabling employers to make provident fund (PF) payments online through the EPFO portal and internet banking.

EPFO authorises IDFC FIRST Bank for online PF payments

The EPFO integration further enables businesses to make digital payments effortlessly throughout the year, supporting efficient cash flow management and timely statutory compliance. | Image: Shutterstock.

IDFC FIRST Bank has launched the Provident Fund (PF) payment services through its integration with the Employees' Provident Fund Organisation (EPFO), under the Ministry of Labour & Employment, Government of India.

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This integration enables establishments to initiate PF payments directly through the EPFO portal and seamlessly complete transactions via IDFC FIRST Bank’s Retail and Corporate Internet Banking platforms.

The solution offers a secure and fully digital experience, with real-time transaction confirmations, an intuitive user interface, and instant challan downloads for easy record-keeping and reconciliation.

Commenting on the launch, Ashish Singh, Head - Retail Liabilities, IDFC FIRST Bank, said, “We understand that timely statutory compliance is a priority for every business, and we believe managing these payments should be simple and stress-free. With our EPFO integration, customers can now make provident fund payments quickly, securely, and with ease through IDFC FIRST Bank’s digital platforms. This is part of our continued effort to simplify banking and offer solutions that save time, reduce effort, and deliver a better experience for our customers.”

The EPFO integration further enables businesses to make digital payments effortlessly throughout the year, supporting efficient cash flow management and timely statutory compliance.

How to pay Provident Fund on the EPFO portal using IDFC FIRST Bank:

IDFC FIRST Bank is one of the few banks authorised to support statutory payments across Direct Taxes (CBDT), GST, Customs Duty, and EPFO, offering customers a comprehensive suite of solutions on a single, integrated platform for all banking needs .

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Disclaimer: The information contained in this article is for informational purposes only and does not represent investment advice from Upstox. Investment decisions should be made based on independent research or consultation with a registered financial advisor. Past performance is not indicative of future results.

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