Private sector lender IDFC First Bank has introduced a new digital service that makes Provident Fund (PF) payments easier for businesses.
The bank has integrated its services with the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment.
With this move, employers can make PF payments directly through the EPFO platform using IDFC First Bank’s internet banking services.
How the New PF Payment Service Works
Under the new integration, establishments can initiate PF payments on the EPFO portal and complete the transaction through IDFC First Bank’s retail or corporate internet banking platform.
The bank says the new system is designed to make PF payments faster, safer, and more convenient for employers.
Bank Says the Service Will Improve Convenience
Ashish Singh, Head of Retail at IDFC First Bank, said that the integration with EPFO will help customers make provident fund payments quickly and securely using the bank’s digital platform.
The move is expected to simplify the PF payment process while offering businesses a smooth online banking experience.
IDFC First Bank’s Growing Customer Base
As of March 31, 2026, IDFC First Bank had 38 million customers across the country.
During the same period, the bank reported total deposits of ₹2,94,475 crore, while its loans and advances stood at ₹2,90,278 crore, highlighting its continued growth in the ban