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IndusInd Bank gets authorised by RBI to collect Direct and Indirect Taxes

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IndusInd Bank has announced, that it has been authorised by the Reserve Bank of India (RBI) for the collection of Direct and Indirect Taxes, on behalf of the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). With this, its customers will be able to pay their Direct and Indirect taxes through ‘Indusnet’ and ‘Indusmobile’ platforms.

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The authorization has been awarded basis a recommendation from the Controller General of Accounts as well as the Ministry of Finance (Govt. of India), and comes close on the heels of the Bank being appointed as an ‘Agency Bank’ of the RBI to conduct government business. With this, IndusInd Bank customers will soon be able to pay their Direct and Indirect taxes through the Bank’s state-of-the-art digital platforms such as ‘Indusnet’ – its net banking platform and ‘IndusMobile’ – its mobile banking application.

Important takeaways for all competitive exams:

  • The IndusInd Bank CEO: Sumant Kathpalia;
  • The IndusInd Bank Headquarters: Pune;
  • The IndusInd Bank Owner: Hinduja Group;
  • The IndusInd Bank Founder: S. P. Hinduja;
  • The IndusInd Bank Founded: April 1994, Mumbai.

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