Mumbai: IDFC FIRST Bank has been authorised by the Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour & Employment, Government of India, to facilitate Provident Fund (PF) payments through the EPFO platform, strengthening its portfolio of digital statutory payment solutions for businesses.
The integration enables employers and establishments to initiate PF payments directly through the EPFO portal and complete transactions seamlessly using IDFC FIRST Bank’s Retail and Corporate Internet Banking platforms. The fully digital process offers secure transactions, real-time payment confirmations, an intuitive user interface, and instant challan downloads, making statutory compliance faster and more convenient.
The bank said the new service is designed to simplify PF payments while helping businesses maintain timely compliance with regulatory requirements and improve operational efficiency.
Commenting on the launch, Ashish Singh, Head – Retail Liabilities, IDFC FIRST Bank, said, “Timely statutory compliance is essential for every business, and we believe the payment process should be simple and hassle-free. With our integration with the EPFO platform, customers can now make provident fund payments quickly, securely, and conveniently through our digital banking channels. This initiative reflects our continued commitment to simplifying banking and delivering solutions that save time, reduce effort, and enhance the overall customer experience.”
With this addition, IDFC FIRST Bank is among the select banks authorised to support multiple statutory payments, including Direct Taxes (CBDT), Goods and Services Tax (GST), Customs Duty, and EPFO contributions, enabling customers to manage key government payments through a single integrated banking platform.
The bank noted that the EPFO integration allows businesses to make provident fund payments digitally throughout the year, supporting better cash-flow management while ensuring timely statutory compliance.
Simple Digital Payment Process
Employers using the EPFO portal can complete the process in a few steps:
- Log in to the EPFO Unified Portal.
- Generate the required PF challan.
- Select IDFC FIRST Bank as the payment option.
- Complete the transaction securely through the bank’s internet banking platform.
- Download or print the paid challan for future reference and reconciliation.
Growing Digital Banking Franchise
IDFC FIRST Bank continues to strengthen its digital banking ecosystem with technology-driven solutions for retail and business customers. As of March 31, 2026, the bank serves 38 million customers, operates 1,147 branches across India, and manages deposits of ₹2,94,475 crore and loans and advances of ₹2,90,278 crore.
The bank offers a comprehensive range of financial services spanning retail banking, MSME, rural banking, startups, corporate banking, wealth management, government banking, trade finance, treasury, working capital solutions, and cash management. It has also positioned itself as a digital-first institution with cloud-native technology architecture and AI-enabled banking services aimed at delivering secure, efficient, and customer-friendly experiences.
IDFC FIRST Bank said its focus remains on ethical banking, transparent products, digital innovation, and socially responsible lending, while continuing to develop solutions that make everyday banking and regulatory compliance easier for individuals and businesses alike.
