Tax Payment through ATM

By | September 26, 2011

According to a recent report from the Reserve Bank of India tax payment has been made easy to the customers, the regulator has made this facility through the banks ATM network.

The facility was launched by Mr. C. R. Sundaramurti, controller General of accounts on their Delhi Branch. He said that ATM is available in most of the regions and so the customers can easily get access to it.

He also added that the motto behind this facility is to make the customers fell a hassel-free experience with the bank, and also allow the bank to maintain a good relationship with the customers.

The facility will help the customers to save their valuable time and money and so the Central Bank has urged the banks to provide these IT enabled service to help the customers. The information was shared by Mr. M.V. Tanksale, Chairman and Managing Director of the Bank, and Executive Directors, Ms. V.R. Iyer and Mr. R.K. Dubey.

The RBI is the central banking institution of India and it controls the monetary policy of the rupee. The regulator has recently hiked key interest rates by 25 basis points, which is its 12th such hike since March, 2010. The hike has made car loan, home loans, persona loans and other loans more expensive.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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