UNION BANK CUSTOMERS CAN PAY INCOME TAX THROUGH ATMS

Union Bank of India (UBI) customers can now pay their income tax through the automated teller machines (ATMs) of the bank.

This unique facility was launched at the hands of the Minister of State for Finance, Mr Namo Narain Meena, in the Capital.

The launch of this facility is yet another fulfilment of the brand promise of the Bank to provide choice of channel to customers for undertaking various transactions, Mr M.V. Nair, Chairman and Managing Director of UBI, said.

He said that customers of the bank, after one-time registration at the bank's portal, will be able to make their income-tax payments on ATMs. They will be able to generate their challan on Bank's portal. Registration for income-tax payment will also be extended through the bank's branches, he added.

Among those present on the occasion were the Revenue Secretary, Mr Sunil Mitra; the Financial Services Secretary, Mr Shashikant Sharma; the CBDT Chairman, Mr Sudhir Chandra; and the Controller General of Accounts, Mr Sundaramurti. Union Bank is among the few public sector banks that is offering the facility of payment of income tax through ATMs. The bank has an ATM network of 2,600 ATMs and a card base of 6.5 million. Plans are afoot to have 5,000 ATMs by end March 2012.

SOURCE: http://www.thehindubusinessline.com/industry-and-economy/banking/article1588332.ece