Business Economy


Federal Bank advances digital banking with EPFO integration

New Delhi, May 7 (UNI) Federal Bank, one of India's largest private sector banks has integrated its digital platform with Employees Provident Fund Organisation (EPFO) to provide the customers with seamless banking experience.
Now, this service will be available to all bank's net banking customers, a release stated.
It's specially designed to boost digital convenience while supporting organisations and institutions in efficiently meeting their statutory compliance requirements.
"True to our motto, ‘Digital at the Fore, Human at the Core,’ Federal Bank remains steadfast in its commitment to customers by introducing convenient, need-of-the-hour facilities" said Harsh Dugar Executive Director of Federal Bank.
Dugar noted that these initiatives not only enhance customer experience but also enable seamless engagement with government establishments, thereby supporting the government’s collection mechanism.
According to the bank, this feature will allow businesses and individuals to pay EPF dues quickly without visiting offices.
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