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HDFC Bank starts I-T payment through ATMs

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Last updated on: August 03, 2011 16:02 IST

Private sector lender HDFC Bank on Wednesday launched a service whereby its 115 lakh debit card holders can pay income tax through the bank's ATMs.

"With this facility, the bank has given its vast customer base the freedom from waiting in long queues at counters or logging into the internet to pay their taxes," the bank said in a statement.

The service can now be accessed by the bank's 115 lakh debit card holders at 5,998 HDFC Bank ATMs in 1,111

cities across the country.

For availing the service, customers will have to register themselves and the ATM payment option will be activated immediately, it said.

For the quarter ended June 30, the bank's total income was Rs 7,098 crore (Rs 70.98 billion) as against Rs 5,411.0 crore (Rs 54.11 billion) in the year-ago period.

The net revenues Rs 3,968 crore (Rs 39.68 billion) in the first quarter of the fiscal as against Rs 3,392 crore (Rs 33.92 billion) in April-June, 2010.

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