The third largest private sector lender in the country, Axis Bank has launched yet another new facility for its customers. From now the Axis Bank customers can pay their income-tax through the bank ATM. Though, as of now this facility is available only at selected ATM in selected cities but the bank will eventually extend this service to all the ATMs across the country.
M.V. Subramanian the president-business banking at Axis Bank “If you hold an account with Axis Bank and have a debit or an ATM card, you can use this facility to pay your income-tax and other direct taxes at the bank’s ATM, individuals can also pay advance tax, self assessment tax as well as tax deducted at source (TDS) through this facility.”
To avail this service the customers needs to register wit the bank by filling a simple registration form. The process will take a few hours to complete and after that you can visit the ATM that offers this service and you can pay your income–tax very easily.
Though Axis Bank is not the only bank that offers this service to their customers, Corporation Bank was the first bank in India to start this service two years.
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