New Delhi: IDFC First Bank has launched provident fund payment services through its integration with the Employees' Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment.The integration enables establishments to initiate PF payments directly through the EPFO portal and complete transactions via IDFC FIRST Bank's Retail and Corporate Internet Banking platforms, the private sector lender said in a statement on Tuesday.Also Read: HSBC pulls back from risky credit after bankruptcy scare, FT reports"With our EPFO integration, customers can now make provident fund payments quickly, securely, and with ease through IDFC FIRST Bank's digital platforms," said Ashish Singh, Head - Retail Liabilities, IDFC First Bank.Also Read: Deposits win for private banks, loans trophy for PSBs: Q1 throws up opposing trends; private growth seen as healthierAs of March 31, 2026, the bank served 38 million customers, with total deposits of Rs 2,94,475 crore and loans and advances of Rs 2,90,278 crore.
IDFC First Bank launches EPFO payment services
IDFC First Bank has launched provident fund payment services through its EPFO integration. This integration allows establishments to initiate PF payments directly via the EPFO portal. Transactions can then be completed using IDFC FIRST Bank's digital banking platforms. Customers can now make provident fund payments quickly and securely. The bank served 38 million customers as of March 31, 2026.
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