EPFO ties up with City Union Bank for remittance facility

City Union Bank (CUB), 1 of the oldest backstage assemblage banks successful India, has tied up with the Employees’ Provident Fund Office (EPFO) for remittance of EPF payments. The EPF outgo installation was officially launched by R. Vijay Anandh, enforcement director, CUB, and Maneesh Agnihotri, Regional PF Commissioner, Tamil Nadu, successful Chennai.

In effect to a query astir the clients the slope is targeting, Mr. Anandh said galore MSMEs and SMEs wrong its web would beryllium the superior focus. “We volition bid our slope unit connected this,” helium added. This EPF remittance installation volition alteration the employers with CUB accounts to marque the EPF remittance seamlessly done nett banking.