By enabling EPFO payments, Federal Bank said that this feature enables individuals and business organisations to pay EPF dues quickly without visiting offices, saving time, cost, and effort. This service is available to all Federal Bank Net Banking customers and is designed to enhance digital convenience while supporting organisations and institutions in efficiently meeting their statutory compliance requirements.
Harsh Dugar, Executive Director of Federal Bank said in the press release: “These initiatives not only enhance customer experience but also enable seamless engagement with government establishments, thereby supporting the government’s collection mechanism.”
Do note that EPFO had earlier launched online receipt of Electronic Challan cum Return (ECR) from the Month of April 2012 (March paid in April).
To use the ECR, employers have to register their establishments and create their user id and password through this portal. After this the registered employers can upload the Electronic Return and the uploaded return data will be displayed through a digitally signed copy in PDF format. It will be available for printing also.
According to EPFO website, once approved by the employer online Challan will be popped based on uploaded return. The employer may choose to make the payment through internet banking of SBI or take a print out of the Challan and pay at any designated branch of State Bank of India (SBI).