Integrated with the new e-filing portal of Income Tax, making it one of the first private banks to be fully integrated with the new Income Tax Department portal. Kotak customers can now pay their direct taxes through e-pay tax tab on the portal Kotak Net Banking Or by visiting a branch, the bank said in a press release.

In October 2021,

became the first scheduled private sector bank Obtain approval as tax collection partners after the announcement of allowing all banks to participate in government business.

With the solution going live, the bank continues to be a leading player in the private banking sector offering this service.

Deepak Gupta, Joint Managing Director, Kotak Mahindra Bank said, “With this facility, Kotak Bank has become the first bank to offer a direct tax payment ecosystem across all our channels. We are constantly innovating to make this experience more customer-centric, convenient and safe.”