Banking Hours to Be Extended For Payment of Taxes

Thursday, March 28, 2013
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Chennai: As a measure to facilitate customers remit their taxes, public sector Indian Bank has extended the banking hours of its designated branches till midnight on March 31.

" facilitate smooth collection of revenues and to conduct transactions of central and state governments, all the designated branches conducting government business will function on March 29 and 30 from 10 am to five pm", a bank statement here said.

On March 31, the branches will remain open till midnight, it said.

"Public has been requested to avail the extended hour services of Indian bank for payment of income tax, service tax and other government taxes", it added.

The Reserve Bank has asked banks to keep open their designated tax collecting branches on Good Friday (March 29) and the following weekend to facilitate tax collection.

"In view of the ensuing holidays in several parts of the country and keeping in view the likely rush of taxpayers to deposit taxes in the last week of March, the RBI has directed all the agency banks receiving direct taxes from public to keep the counters of their designated branches collecting taxes open for transactions (full day with extended hours) on Friday, March 29 and on Sunday, March 31 as well as on Saturday, March 30," the Finance Ministry said in a statement.

Meanwhile, the central bank in a separate statement said in order to meet the probable rush of tax payers, RBI, New Delhi, shall keep its office open between 10 am to 4:30 pm (both for cash & cheques) on March 29, 30 and 31, 2013 with a view to facilitate accounting for government transactions.

Designated branches of agency banks conducting government business in Delhi region will also keep their counters open on March 29, 30 and 31, 2013 for accepting government taxes. Further, the facility for payment of taxes on-line and through select ATMs is also available, it said.

Meanwhile, offices of both income tax as well as of indirect taxes will remain open on March 30 and 31 to facilitate tax collection.

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Source: PTI
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