IDFC FIRST Bank Launches PF Payment Services on EPFO Platform
IDFC FIRST Bank has gone live on the Employees' Provident Fund Organisation (EPFO) platform, launching Provident Fund (PF) payment services through direct integration. This move, announced on July 6, 2026, allows establishments to initiate PF payments via the EPFO portal and complete transactions seamlessly through IDFC FIRST Bank's Retail and Corporate Internet Banking platforms.
The integration provides a fully digital and secure experience, featuring real-time transaction confirmations, an intuitive user interface, and instant challan downloads for simplified record-keeping and reconciliation.
Simplifying Statutory Compliance for Businesses
Mr. Ashish Singh, Head - Retail Liabilities at IDFC FIRST Bank, commented, "We understand that timely statutory compliance is a priority for every business, and we believe managing these payments should be simple and stress-free. With our EPFO integration, customers can now make provident fund payments quickly, securely, and with ease through IDFC FIRST Bank's digital platforms. This is part of our continued effort to simplify banking and offer solutions that save time, reduce effort, and deliver a better experience for our customers."
IDFC FIRST Bank is among a select group of banks authorized to support statutory payments across Direct Taxes (CBDT), GST, Customs Duty, and EPFO, offering a comprehensive suite of solutions on a single integrated platform.
Step-by-Step Guide for PF Payments via EPFO Portal
To make Provident Fund payments using IDFC FIRST Bank, businesses should follow these steps:
- Log in to the EPFO unified portal at https://unifiedportal-emp.epfindia.gov.in/epfo/
- Create the challan(s) as required
- Select IDFC FIRST Bank and complete the payment securely
- Download or print the paid challan for records
The process is subject to changes on the EPFO portal and system availability. For more details, visit https://www.idfcfirst.bank.in/business-banking/tax-payment.
Bank's Vision and Scale
IDFC FIRST Bank aims to build a world-class bank in India based on ethical, digital, and social good banking principles. As of March 31, 2026, the bank serves 38 million customers, with total deposits of Rs. 2,94,475 crore and loans and advances of Rs. 2,90,278 crore. It operates through 1,147 branches and a highly rated digital platform, offering a universal banking suite including Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Credit Cards, Wealth Management, Government Banking, Trade Finance, Treasury, and Working Capital solutions.
Digital Banking and Customer Experience
The bank's mobile banking app is rated 4.9 on Google Play Store with 20 million downloads and 1.1 million reviews, ranked #2 globally by Forrester for mobile experience. Its tech stack is built on cloud-native, API-led, microservices architecture, supported by data, analytics, and AI.
IDFC FIRST Bank emphasizes "pull products" such as savings accounts with monthly interest credit and attractive rates, credit cards with zero joining and annual fees without minimum spend, and reward point redemption on any online site.
Commitment to Ethical and Social Good Banking
The bank practices ethical banking by simplifying descriptions and avoiding dark patterns. Its social good initiatives include lending to over 3.6 million women entrepreneurs, 7.5 million consumer durable loans, 2.5 lakh electric two- and three-wheelers, 2.7 lakh WASH loans, 2 million cattle loans, and 300,000+ SMEs. The bank maintains high ESG scores and adheres to regulatory guidelines with strong corporate governance.
IDFC FIRST Bank is building a diversified universal banking portfolio designed to deliver consistent ROE of 16%+ at scale, and aims to be a happy workplace with a meritocratic culture.
