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Provident Fund Account (Payroll)

Provident Fund Account (Payroll)

Secure today, prosper tomorrow

Provident Fund Account (Payroll)

Available for employees under the Trust Payroll Banking program.

Key Features and Benefits

Provident Fund Features

  • Option to open Provident Fund (PF) accounts under the company name or individual employee name
  • 1% higher interest rate than the prevailing payroll account interest rate. 
  • Interest is calculated daily and credited monthly
  • Overdraft facility of up to 90% of the deposited PF amount
  • Secure and streamlined PF management through Trust Payroll Banking. 
  • Integrated payroll and salary disbursement support for convenient fund management. 

Additional Benefits

  • Preferential interest rates on retail loans. 
  • Loan against salary facility for employees. 
  • Waiver of early settlement and loan processing fees. 
  • Free access to Internet Banking and Trust Money App. 
  • Real-time transaction alerts through SMS and Email. 
  • Dedicated onboarding and customer support services

Interest Rates

Applicable interest rates for Provident Fund Account (Payroll)

Product Interest Rate
Provident Fund Account (Payroll) 5.00%

How to Open a Bank Account

Opening a new bank account with TBL is simple. Follow these steps:

Step 1: Eligibility

  • Available for employees under the Trust Payroll Banking program. 
  • Organizations must have a minimum of 8 employees to enroll in the payroll banking service. 
  • Employees must be 18 years of age or above
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