Karnataka Bank Integrates with EPFO Portal to Facilitate Seamless Digital EPF Payments
Karnataka Bank Limited has successfully integrated its Internet Banking platform with the Employees' Provident Fund Organization (EPFO) portal, enabling a fully digital and seamless payment system for provident fund contributions. The integration went live on June 01, 2026.This major technological update allows customers to complete EPF payments directly through the EPFO portal by selecting Karnataka Bank's Internet Banking facility during checkout. This capability ensures that transactions are processed in a secure and efficient manner.
The new service provides real-time validation, instant transaction confirmation, and enhanced convenience for both EPFO members and establishments making these mandatory contributions. The initiative is set to reduce manual intervention and eliminate operational delays associated with the payment process.
This milestone underscores the bank's dedication to digital transformation and serves to strengthen its Government Business portfolio. The implementation is expected to improve overall customer experience, boost transaction efficiency, and support the broader objective of promoting ease of doing business.
Raghavendra S Bhat, MD & CEO of Karnataka Bank, commented on the achievement, stating that the integration with the EPFO payment portal represents a significant advancement in the bank's digital journey. He emphasized that this initiative will enable employers and establishments to conduct EPF payments securely, seamlessly, and efficiently. Mr Bhat added that the bank remains committed to leveraging technology to enhance customer convenience and deliver superior digital banking experiences.
KTKBANK Stock Price Movement
Today, shares of The Karnataka Bank Limited edged higher, finishing the session up 0.98% after closing at ₹267.6.The stock traded actively throughout the day, hitting a high of ₹269.65 and recording a volume of 2,909,567 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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