IndusInd Bank goes live on Direct Tax Collection System of CBDT

IndusInd Bank today announced that it is now integrated with the Income Tax Department's recently launched tax payment platform "TIN2.0". The Bank was appointed as an Agency Bank by the Reserve Bank of India and under this licence, IndusInd Bank customers can now pay their Direct Taxes in a fast, seamless and convenient manner through the Bank's Retail or Corporate Net Banking platform or at any IndusInd Bank branch using Cash, Cheque or Demand Draft.

Speaking on the development, Mr. Sumant Kathpalia, Managing Director & CEO, IndusInd 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 IndusInd Bank's product suite comprising innovative solutions powered by cutting edge digital capabilities. We are confident of being a 'partner of choice' for the Government and our customers alike and we stay committed to providing a superior experience as India's most convenient Bank."

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1031.25 as compared to the previous close of Rs. 1021.75. The total number of shares traded during the day was 101341 in over 3441 trades.

The stock hit an intraday high of Rs. 1043.55 and intraday low of 1025.00. The net turnover during the day was Rs. 104795540.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 Integration CBDT DirectTaxCollectionSystem TIN2