RBL Bank live on 'Direct Tax Collections' through TIN2.0

RBL Bank has gone live with 'Direct Tax Collections' on behalf of the Government of India through the new Tax Information Network (TIN2.0) portal. This is the second such offering from the Bank, following its empanelment by the Reserve Bank of India (RBI) as an 'Agency Bank' to conduct banking business for the Central and State Governments. The Bank already offers customs duty collections through a direct interface via ICEGATE.

This enhanced service will enable RBL Bank customers to make direct tax payments seamlessly via various digital channels and RBL Bank branches. Leveraging its enhanced technology framework, the solution provides an easy, user-friendly platform for managing direct tax payments and marks an important milestone in RBL Bank's Government Banking offerings. This segment is one of the key focus area for the Bank as a high enabler for growing its liability franchise.

Brijesh Mehra, Head - Wholesale Banking, RBL Bank, said, "In the age of digital transactions, RBL Bank consistently aims to offer its customers innovative, user-friendly online banking solutions that simplify their lives. With the new tax payment feature, our customers can make seamless, hassle-free online tax payments."

Shares of RBL Bank Limited was last trading in BSE at Rs. 152.55 as compared to the previous close of Rs. 148.95. The total number of shares traded during the day was 1053014 in over 4022 trades.

The stock hit an intraday high of Rs. 153.25 and intraday low of 145.95. The net turnover during the day was Rs. 159569652.00.

Source : Equity Bulls

Keywords

RBLBank INE976G01028 DirectTaxCollections TaxInformationNetwork TIN2Portal