Indian Bank to collect GST through all branches

05 Jul 2017 Evaluate

Indian Bank has been authorized by the Central Board of Excise and Customs (CBEC) to collect the Goods and Services Tax (GST) through all its branches.

The bank is one among the 25 banks authorized by GST Council for collection of GST. The bank is integrated with GSTN for Tax collections through net banking and over the counter transactions.

Besides, the bank has revised its interest rates on Foreign Currency Non-Resident banking -- FCNR (B) -- deposits, with immediate effect.



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