YES BANK, India's sixth-largest private sector bank, announced the launch of its Goods and Services Tax (GST) payment facility, further strengthening its digital banking offerings. Through direct integration with the GST portal, this initiative enables corporates and sole proprietor businesses to meet their tax obligations swiftly and securely using YES BANK's Retail and Corporate Internet Banking platforms, as well as any of its extensive branch network.
Through this integration, taxpayers can now generate GST challans on the official GST portal (www.gst.gov.in) and pay GST by either selecting YES BANK NetBanking for instant online payments, ensuring real-time confirmations and downloadable e-challans or select 'Over the Counter' payment option for tax payments across the Bank's extensive branch network. The service is authorised by the Government of India, underscoring YES BANK's commitment to supporting the nation's digital ecosystem and enhancing ease of doing business.
Speaking on the development, Mr. Prashant Kumar, Managing Director & CEO, YES BANK, said "At YES BANK, customer delight is at the core of everything we do. With a digital-first approach driven by innovation, responsibility, and accountability, we strive to deliver seamless and efficient financial solutions. This mandate from Government of India & Reserve Bank of India enabling a direct integration with the GST portal is a testament to this vision of providing businesses with a fast, secure, transparent and hassle-free tax payment experience. By simplifying statutory payments, we aim to empower enterprises - small and large alike - to focus on growth, while we enhance efficiency in their financial journeys."
Key Highlights of the GST Payment Facility
- Seamless Integration: Customers can generate and pay GST challans directly via YES BANK's NetBanking platform or over the counter at branches of YES BANK.
- Secure & Efficient: Real-time transaction confirmations, transparent and competitive fee structures, and an intuitive user interface.
- Universal Access: Open to YES BANK account holders and non-account holders, thereby widening the gateway for digital tax payments.
- Comprehensive Offering: Complements the Bank's existing suite of digital tax payment services, enabling a one-stop solution for financial compliance.
YES BANK's new GST payment offering further strengthens its position as a key player in India's journey toward a digitally empowered and financially inclusive economy. By expanding the range of digital payment avenues for both individual run businesses and enterprises, the Bank reinforces its mission to deliver accessible and innovative financial solutions.
Shares of Yes Bank Limited was last trading in BSE at Rs. 16.20 as compared to the previous close of Rs. 16.15. The total number of shares traded during the day was 11983055 in over 19093 trades.
The stock hit an intraday high of Rs. 16.37 and intraday low of 16.12. The net turnover during the day was Rs. 195085789.00. |
