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RBI authorizes RBL Bank to collect direct taxes
November 19, 2021
RBL Bank has been authorized by the RBI, based on a recommendation from the controller general of accounts, Ministry of Finance and Government of India, to collect direct taxes on behalf of CBDT.
After technical integration, RBL Bank’s corporate and individual clients will be able to pay their direct taxes through RBL Bank’s mobile banking platforms as well as through the branch banking network, resulting in ease and convenience of clients.
Parool Seth Head Financial Institutions and Government Banking, RBL said, “We are pleased to be trusted with this important mandate, which will support us to enhance our bouquet of services and open up various convenient channels for our clients to pay taxes. This move will certainly be a stepping stone in reinforcing our customer-centric approach.
“We look forward to working together with the GoI and the RBI for the smooth deployment of this facility and offering a wide range of services that redefine banking excursion based on our technical and digital capabilities”.
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