Axis Bank Ltd. has begun offering a service that allows customers to make income-tax payments at its ATMs in India, becoming the country’s first private-sector bank to do so.
The service, which launched Feb. 25, initially is available at select ATMs. The bank plans to extend the service to all 5,600 of its machines in India by end of July, the bank noted in a press release.
The facility allows the bank’s debit cardholders to pay income and other associated personal taxes at the ATMs. The facility is free for the first three months, after which cardholders will pay a fee less than or equal to 20 rupees (44 U.S. cents or 32 euro cents), a customer service official for the Mumbai-based bank tells PaymentsSource.
The Indian government does not allow the use of credit cards to pay income taxes.
In 2009, government-owned Corporation Bank Ltd. began enabling its customers to pay taxes at the institution’s ATMs (
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