The move allows employers and establishments to remit EPF contributions, dues and related charges directly through the EPFO portal using SIB’s net banking interface
South Indian Bank (SIB) on Thursday launched Employees’ Provident Fund (EPF) payment services through its Internet banking platform SIBerNet in partnership with the Employees’ Provident Fund Organisation (EPFO).
The move allows employers and establishments to remit EPF contributions, dues and related charges directly through the EPFO portal using SIB’s net banking interface.
The service went live on March 12, 2026, and was inaugurated by Uttam Prakash, Regional PF Commissioner for the Kochi Region and UT of Lakshadweep, alongside P R Seshadri, Managing Director and CEO of South Indian Bank, and Biji S S, Senior General Manager and Head of Branch Banking.
Direct payment channel
The integration follows the completion of technical work between SIB and EPFO, enabling a direct payment channel for statutory EPF compliance. Employers can now initiate remittances without leaving the EPFO portal, using SIBerNet as the payment gateway.
Seshadri said the launch was aimed at simplifying statutory payments for businesses while strengthening the bank’s digital ecosystem.
On the day of the announcement, SIB shares on the National Stock Exchange closed at ₹38.99, down ₹0.44 or 1.12 per cent from the previous close of ₹39.43. The stock touched an intraday high of ₹39.48 and a low of ₹38.16, with the volume-weighted average price at ₹38.86.
South Indian Bank, headquartered in Kerala, operates 948 branches, 1,143 ATMs, and 126 cash recycler machines across India, along with a representative office in Dubai.
Published on March 12, 2026
