NEWS & ADVICE : SAVINGS ACCOUNTS
Use alternative channels to beat disruptions at branches: FinMin
By Neelima Shankar
Dec 11, 2012
Print    Email    RSS   

The Finance Ministry wants to make sure that calamity or other disruptions at banks or branches should not disrupt revenue collections.

The Ministry has asked public to use alternative channels as Internets, ATMs and other e-payment means to pay tax and other statutory dues when in case of service disruptions at the banks or branches in handling government business.

A banker said that as the revenue collection have turned slow due to the general economic slowdown so the ministry doesn't want any kind of disruption in the revenue collection.

During April-October of the financial year 2012-13, Gross direct tax collection increased by just 6.59 per cent and stood at Rs 3,02,810 crore against Rs 2,84,081 crore in the same period last year.

For tax collection, if in case banks/RBI is not available, then the finance ministry wants Internet based tax payment facilities of banks to be used for making payments through debit/credit cards. Alternative channels like payment trough ATMs or through bank account can also de done.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to check balance in savings bank account
Personal Finance for the 21st century...
Carnival of Indian Personal Finance Blogs #6
PPF- How good an investment option!!
Carnival of Indian Personal Finance Blogs #1


Sir my name is ronie fuentes i want to change my old...
How can i resset my mobile Number for online mobile...
How can i change my account mobile number
Account number
SBI ACCOUNT HOLDER DETAILS OF ACCOUNT NUMBER...
can i know my account balance?

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive