Tamilnad Mercantile Bank Introduces Online EPF Payment Facility

Tamilnad Mercantile Bank Limited (TMB) has launched an online facility for the collection of Employees’ Provident Fund (EPF) payments through its Internet Banking platform. The announcement was made on December 26, 2025, in Thoothukudi, India. This new service integrates directly with the Employees’ Provident Fund Organisation (EPFO) portal, allowing seamless transactions for customers.

The launch event was presided over by the Executive Director of TMB, Shri Vincent Menachery Devassy, and attended by the Chief Guest, Smt. Kavitha N. George, Additional Central PF Commissioner, Chennai. Senior officials from the EPFO, including Shri A.K. Paliwal, Regional Provident Fund Commissioner, and Shri Kapil Anand, Accounts Officer, participated virtually. Senior executives of TMB were also present at the event.

The new facility enables MSME units, retailers, wholesalers, and large corporate customers with more than 20 employees to remit EPF contributions, including monthly salary deductions, directly through TMB’s Internet Banking. This eliminates the need for physical visits to bank branches. The Chief Guest emphasized the importance of educating TMB customers about this digital facility to increase its adoption among MSME customers.

TMB has previously implemented online payment facilities for the Central Board of Direct Taxes (CBDT), Goods and Services Tax (GST), and ICEGATE. The addition of EPF payments further expands TMB’s digital offerings. The bank plans to actively promote this facility to increase the number of EPF payments processed through its platform.

Tamilnad Mercantile Bank Limited is a well-established private sector bank in India with over 100 years of history. The bank operates 601 branches and 12 regional offices across 17 states and 4 Union Territories, serving more than 5.30 million customers. TMB focuses on enhancing its digital banking services and maintaining strong customer relationships.