29 Banks authorized to accept payments of Income Tax

By | August 14, 2015

Banks authorized to accept payments of Income Tax

Reserve Bank of India

August 12, 2015

Pay IT dues in advance at RBI or at authorised bank branches

The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due date. It has also stated that assessees can use alternate channels like select branches of agency banks or the facility of online payment of taxes offered by these banks. These will obviate the inconvenience involved in standing in long queues at the Reserve Bank offices.

It is observed that the rush for remitting Income –Tax dues through the Reserve Bank of India has been far too heavy towards the end of September every year and it becomes difficult for the Reserve Bank to cope with the pressure of issuing receipts although additional counters to the maximum extent possible are provided for the purpose.

Twenty-nine agency banks are authorised to accept payments of Income Tax dues.

These are:

1. Allahabad Bank

2. Andhra Bank

3. Bank of Baroda

4. Bank of India

5. Bank of Maharashtra

6. Canara Bank

7. Central Bank of India

8. Corporation Bank

9. Dena Bank

10. IDBI Bank

11. Indian Bank

12. Indian Overseas Bank

13. Oriental Bank of Commerce

14. Punjab & Sindh Bank

15. Punjab National Bank

16. Syndicate Bank

17. UCO Bank

18. Union Bank of India

19. United Bank of India

20. Vijaya Bank

21. State Bank of India

22. State Bank of Bikaner & Jaipur

23. State Bank of Hyderabad

24. State Bank of Travancore

25. State Bank of Mysore

26. State Bank of Patiala

27. HDFC Bank Ltd.

28. Axis Bank Ltd.

29. ICICI Bank Ltd.

Press Release : 2015-2016/383

Alpana Killawala

Principal Chief General Manager

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