IndusInd Bank integrates EPFO, enabling seamless Provident Fund payments for its customers

IndusInd Bank, today, announced that it has successfully integrated with the Employees' Provident Fund Organisation (EPFO), under the Ministry of Labour & Employment, Government of India, making EPF contributions simpler and seamless.

The integration enables organisations to select IndusInd Bank directly on the EPFO portal and complete their Provident Fund contributions seamlessly, using IndusInd Bank's Corporate Internet Banking and Mobile Banking applications - Indus Direct and INDIE for Business (MSME). This move brings one of the country's widely used statutory payments onto the Bank's digital rails.

In addition, IndusInd Bank customers can remit EPFO contributions directly through the EPFO portal in a secure, and efficient manner. The solution delivers a convenient payment experience while helping organisations meet their statutory obligations with ease.

The integration marks an important milestone in IndusInd Bank's growth journey, further strengthening its position as a trusted banking partner for businesses and institutions.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1012.25 as compared to the previous close of Rs. 1016.25. The total number of shares traded during the day was 48716 in over 2280 trades.

The stock hit an intraday high of Rs. 1017.55 and intraday low of 1000.40. The net turnover during the day was Rs. 49220440.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 Integration EPFO