Karnataka Bank announced the successful go-live of its integration with the Employees' Provident Fund Organization (EPFO), enabling seamless and fully digital payment of provident fund contributions for EPFO members and establishments on June 01, 2026.
With this integration, customers can now make EPF payments in EPFO Portal by selecting the Karnataka Bank's Internet Banking facility at the EPFO payment page in a secure, efficient, and user-friendly manner, ensuring faster processing, real-time validation, and instant transaction confirmation. The initiative significantly enhances convenience while reducing manual intervention and operational delays.
This milestone reinforces the Bank's strong commitment to digital transformation and further strengthens its Government Business portfolio. It is expected to improve customer experience, increase transaction efficiency, and support the broader objective of promoting ease of doing business.
Speaking on the occasion, Sri Raghavendra S Bhat, MD & CEO, said, "The integration of Karnataka Bank's Internet Banking platform with the EPFO payment portal marks another significant step in our digital transformation journey. This initiative will enable employers and establishments to make EPF payments seamlessly, securely, and efficiently. At Karnataka Bank, we remain committed to leveraging technology to enhance customer convenience and deliver superior digital banking experiences".
Shares of The Karnataka Bank Limited was last trading in BSE at Rs. 267.50 as compared to the previous close of Rs. 264.40. The total number of shares traded during the day was 113437 in over 2359 trades.
The stock hit an intraday high of Rs. 269.70 and intraday low of 257.25. The net turnover during the day was Rs. 29902145.00.