Reserve Bank of India has authorized Karur Vysya Bank to collect direct taxes on behalf of Central Board of Direct Taxes (CBDT). Following the approval received, the bank has initiated the integration process with CBDT. Once completed, customers of the bank can remit their direct taxes through any branch, Net Banking and DLite Mobile app of the Bank.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
