NE BUSINESS BUREAU
CHENNAI, JAN 4
For the convenience of its customers, tech-savvy and the oldest private banking lender City Union Bank Limited (CUB) on Tuesday announced the completion of its technical integration with the brand new e-filing portal TIN 2.0 (www.eportal.incometax.gov.in). Thus making it one of the few Private Banks to be fully integrated with the new Income Tax department portal.
City Union Bank is proud to announce the integration of Direct Tax payments. Now you can select City Union Bank in the Tax portal, pay your Direct Taxes with CUB Account and get challans instantly. #cubltd #cityunionbank #IncomeTaxIndia #cbdt pic.twitter.com/SyFnL0GfZS
— City Union Bank (@cubltd) January 3, 2023
- In October 2021, City Union Bank became one of the few Scheduled Private Sector Banks to get approval as a collections partner for taxes, after the announcement to permit private banks to participate in Government business.
“Now City Union Bank customers – Individuals as well as Corporates – can pay their Direct Taxes by selecting CUB and their existing account maintained with CUB. Earlier, the Bank had gone live for Indirect Tax (including GST) payment as well on November 25, 2022,” said a bank release.
This enables the tax payment process simple, instant and convenient for its customers. In October 2021, City Union Bank became one of the few Scheduled Private Sector Banks to get approval as a collections partner for taxes, after the announcement to permit private banks to participate in Government business.
With the solutions going live, the Bank continues to be the pioneering player offering this service among private sector banks. The above facilities fulfill the long standing requirement of our customers who can now make their Tax Payments (both Direct & Indirect) through its Branches/ Net Banking / Mobile Banking (CUB All in One App).
CUB has always been in the forefront of advanced technology solutions to meet various transactional needs of customers. The bank is in the process of launching additional authentication factor for its Net banking through Voice Biometric through its Fintech Partner which is currently in Beta.
