Customers will pay direct and oblique taxes through IndusInd Bank. Details right here

IndusInd Bank on Tuesday introduced that it has been authorised by the Reserve Bank of India (RBI) for assortment of direct and oblique taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).

“The authorization has been awarded basis a recommendation from the Controller General of Accounts as well as the finance ministry, and comes close on the heels of the Bank being appointed as an ‘Agency Bank’ of the RBI to conduct government business,” IndusInd Bank mentioned in a submitting.

With the approval, IndusInd Bank clients will pay their direct and oblique taxes through the Bank’s digital platforms comparable to ‘Indusnet’ – its web banking platform and ‘IndusMobile’ – its cell banking software.

Additionally, clients may even stroll into their nearest department to avail this service.

“We are delighted to be authorised by the RBI to facilitate the gathering of direct and oblique taxes on behalf of the Government. As a accountable monetary entity, this empowers us to supply clients with a complete platform to pay their taxes in a handy and seamless method,” Soumitra Sen, head of IndusInd Bank client operations, mentioned.

“Backed by the strength of our best-in-class technology channels, we look forward to bringing unparalled value to all our partner stakeholders, in their effort to widen the tax collection network,” Sen mentioned.

On Tuesday, IndusInd Bank’s scrip rose 0.49% to settle at ₹1,179.05 on NSE.

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