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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

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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