NEWS & ADVICE : FIXED DEPOSITS
Income tax now payable at Axis ATMs
By Neelima Shankar
Feb 28, 2011
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Private sector lender Axis Bank has introduced income tax payment facility through its ATMs. The facility will however be available at select ATMs of the bank.

The bank plans to make this facility available across all its 5,600-plus ATMs as early as possible.

The facility can be availed by customers of the bank having debit/credit card of the bank for income tax payment.

With the implementation of this process, Axis Bank has become the first private sector bank in India to have adopted it.

Axis Bank's Executive Director-Corporate Banking, V Srinivasan, said, "there is a vast segment of retail tax- payers who do not have internet-enabled bank accounts and are thus unable to pay income tax on-line. Axis Bank with its vast ATM network will now be able to cater to these retail assesses who account for a substantial portion of all income tax payers."

The facility will be available 24X7 for all 365 days of the year, said a release by the bank.


 


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