Chennai, March 12 South Indian Bank, a private sector bank in South India, has launched Employee Provident Fund payment services through its internet banking platform, SIBerNet, in collaboration with the EPFO, a top official said on Thursday.
The integration with the Employees' Provident Fund Organisation enables employers and establishments to remit EPF contributions seamlessly through the Bank's digital banking platform.
South Indian Bank Managing Director and CEO P R Seshadri said, "The launch of EPF payments through SIBerNet marks another step forward in our commitment to providing seamless and secure digital banking solutions to our customers."
In a press release, he said, "By enabling direct integration with EPFO, we aim to simplify statutory payments for employers and businesses, while strengthening our digital ecosystem to support compliance and convenience."
With the successful completion of integration between the Thrissur-based bank and EPFO, employers and establishments can now remit EPF contributions, dues, remittances, and related charges directly through the EPFO portal using South Indian Bank's net banking facility, the release added.
