South Indian Bank collaborates with EPFO to launch EPF payment services

Chennai, Mar 12 (PTI) Private sector South Indian Bank has launched the Employees' 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, 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.

(This story has not been edited by THE WEEK and is auto-generated from PTI)