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06-Jul2017

ICICI Bank inks agreement with EPFO

ICICI Bank has inked an agreement with Employees Provident Fund Organisation (EPFO) for collection of remittances and payments to beneficiaries, at zero transaction charges. Employers having bank account with the bank can now deposit PF dues directly in EPFO's account using internet banking on real time basis instead of going through the aggregator mode.

ICICI Bank is India's largest private sector bank by consolidated assets. For the quarter ended March 31, 2017, ICICI Bank's standalone net profit jumped to Rs 2,024.64 crore from Rs 701.89 crore in the year-ago period.




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