Bandhan Bank launches online collection of direct taxes facility

By Gloria Mathias

Bandhan Bank has announced that it has launched a facility to collect direct taxes online from its customers and non-customers across India.

The Bank is now live for collecting Direct Taxes through the TIN 2.0 Income Tax platform. As an Agency Bank appointed by the RBI, Bandhan Bank also accepts offline payments of direct taxes through over 1700 bank branches.

Under this license, Bandhan Bank customers can pay their Direct Taxes in a fast, seamless and convenient manner through the Bank’s Retail Internet Banking, Corporate Internet Banking and Payment Gateway (Debit Card, Credit Card and Internet Banking). They can also pay taxes at any of the Bank branches using Cash, Cheque or Demand Draft. This service will facilitate hassle-free payment of Direct Taxes for Bandhan Bank customers and non-customers across the country.

Bandhan Bank is present in 35 out of 36 states and UTs, serving more than 3.35 crore customers through a robust network of over 6300 banking outlets across India.

Speaking on the development, Debraj Saha, Head – Government Business Group, Bandhan Bank, said, “We take immense pride in commencing operations as an Agency Bank for the Central Board of Direct Taxes. This is yet another addition to our Bank’s product suite comprising solutions powered by cutting edge digital capabilities. As the digital ecosystem is proliferating across the country to bring forward a hassle-free superior convenience, we as a Bank are aligned with the Government’s initiative of e-Governance plan.”

Bandhan Bank has always been committed to financial inclusion and aims to serve the underserved. They actively aim to bridge the gap for those who may not have had easy access to conventional banking services. Its focus is on providing a variety of banking products and a comprehensive 360-degree service proposition, including loans, deposit accounts, internet and mobile banking, and ATM services across India, primarily to semi-urban and rural customers.