RBI & 926 branches of Banks to accept Advance IT

11 February 2010

As many as 926 computerised branches of public and private 

sector banks will receive advance

income tax in Mumbai and Navi Mumbai. These arrangements have 

been made for the convenience of the income tax assesses. 

 

Of the 926 bank branches 862 branches are public sector bank branches, 

35 HDFC bank branches, 10 ICICI bank branches and 19 AXIS bank branches. 

 

The Reserve Bank of India has advised income tax assesses to take advantage

of these standing arrangements made for their convenience.

Long queues and inconveniences can be avoided at the 

Reserve Bank of India counters if the assesses in Mumbai 

and Navi Mumbai utilise the services being made available 

at various designated branches of banks and deposit theirincome 

tax dues well in advance of the last date.