Tamilnad Mercantile Bank Launches Online EPF Payment Facility

Tamilnad Mercantile Bank (TMB) has successfully launched an online collection of Employees’ Provident Fund (EPF) payments through its Internet Banking platform. The bank has directly integrated the EPFO portal with its Internet Banking application. This new facility allows MSME units, retailers, wholesalers, and big corporate customers who have employed more than 20 or more employees/staff to remit EPF contributions, including monthly salary deductions of employees, directly through TMB Internet Banking without the need to visit bank branches. The Chief Guest, Smt. Kavitha N. George, Additional Central PF Commissioner, Chennai, emphasized the need to educate TMB customers on using this digital facility and to popularise EPF payment adoption among MSME customers.