Addition Of Payment Bank Accounts For Payment Of EPF Benefits To Subscribers

Posted On - 14 December, 2023 • By - King Stubb & Kasiva

The Employees Provident Fund Organisation has through a circular dated November 1st,2023 bearing File No.: BKG/1/2021-BKG/C-32521/181 informed that Reserve Bank of India has included two payment banks namely Paytm Payments Bank Limited and Airtel Payments Bank Limited in the second schedule to the Reserve Bank of India Act, 1934. Consequently, Regional and Zonal Officers have been advised to settle payment of EPF benefits through the said banks as well among others.