Federal Bank becomes the First Bank to list its Payment Gateway on the new Tax platform

Federal Bank becomes the First Bank to list its Payment Gateway platform on the TIN 2.0 platform of Income Tax Department. The TIN 2.0 platform went live on 1st July 2022 and the "Payment Gateway" has been enabled, providing one more payment option to taxpayers, who can now make their payments with ease, using modes such as Credit/Debit Card, UPI, NEFT/RTGS and Internet Banking.

"Federal Bank is actively using digital as a key enabler of superior experience and transaction convenience. With an increasing number of digital first folks joining the work force and scale up of digital transactions across the ecosystem, we are sure that taxpayers will appreciate the convenience of tax payments bought forth by Federal Bank by easing the process and providing multiple options ", said Harsh Dugar, Group President & Country Head - Wholesale Banking, Federal Bank.

Shares of The Federal Bank Limited was last trading in BSE at Rs. 109.00 as compared to the previous close of Rs. 110.80. The total number of shares traded during the day was 418541 in over 2393 trades.

The stock hit an intraday high of Rs. 111.25 and intraday low of 108.10. The net turnover during the day was Rs. 45789544.00.

Source : Equity Bulls

Keywords

TheFederalBank INE171A01029 FirstBank PaymentGatewayPlatform TIN2