RBL Bank has been authorized by the Reserve Bank of India (RBI), based on recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect indirect taxes on behalf of the Central Board of Indirect Taxes and Customs (CBIC). The bank had recently been authorised to collect Direct taxes on behalf of Central Board of Direct Taxes (CBDT). With this announcement, the bank can now collect Direct and Indirect taxes.
After technical integration, RBL Bank’s corporate and individual customers will be able to pay their Indirect taxes through RBL Bank’s mobile banking or net banking platforms as well as through the branch banking network.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the five business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets. The bank was founded in 1943 and is based in Kolhapur, Maharashtra.
