TMB Launches Online EPF Payment Facility via Internet Banking
Tamilnad Mercantile Bank (TMB) has announced the launch of its online collection facility for Employees’ Provident Fund (EPF) payments. This new service is integrated directly between the EPFO portal ...
Limitations of AI summaries
AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.
Platforms like Prysm provide stock-level and portfolio-level analysis.
Why is Tamilnad Mercantile Bank Limited in the news today?
Tamilnad Mercantile Bank Limited (TMB) is in the news due to the launch of a new digital service that enhances customer convenience and expands the bank's digital offerings is a positive development.
AI-Powered Summary
Market Context
Top Queries
More News
Explore Prysm Tools
Related Stories
TMB Launches Online EPF Payment Facility via Internet Banking
December 26, 2025, 01:46 PM
Top Queries to Ask About Tamilnad Mercantile Bank Limited
Tamilnad Mercantile Bank (TMB) has announced the launch of its online collection facility for Employees’ Provident Fund (EPF) payments. This new service is integrated directly between the EPFO portal and TMB’s Internet Banking platform, allowing customers to make payments seamlessly.
The facility was officially launched on December 26, 2025, in Thoothukudi. The launch event was presided over by Shri Vincent Menachery Devassy, Executive Director of TMB, and graced by Smt. Kavitha N. George, Additional Central PF Commissioner, Chennai, as the Chief Guest. Senior officials from EPFO and TMB executives also attended.
This online EPF payment collection is a significant milestone for TMB, enhancing customer convenience through digital integration. The bank has already implemented similar online payment facilities for CBDT, GST, and ICEGATE. TMB aims to actively promote this new facility to its customers, particularly MSME units, retailers, wholesalers, and large corporate customers, enabling them to remit EPF contributions directly through TMB Internet Banking without visiting branches.
The Chief Guest highlighted the benefits for customers who maintain accounts with TMB but previously used other banks for EPF payments. She emphasized educating customers on using this digital facility and encouraging MSME adoption to increase EPF payment remittances through TMB Internet Banking.
This launch underscores TMB’s commitment to digital banking excellence, improved compliance convenience, and collaboration with statutory bodies for customer benefit. TMB, with over 100 years of history, has a network of 601 branches and serves over 5.30 million customers.
See What Deep Dive Gives You — in Seconds
“what happens when you click
Deep Dive “
“what happens when you click Deep Dive “
Instant AI Summary - “Get clean, noise-free earnings breakdowns.”
PDF Insights - “Download detailed, AI-generated reports.”
Metrics Explained -“Key ratios & trends explained in simple language.”
Want to know if this news pushes your stock up or down?
Just tap