Pune: DBS Bank India has announced the launch of its direct tax payment facility, marking a significant step in expanding its digital banking capabilities.
Following authorisation from the Central Board of Direct Taxes (CBDT), the bank will now enable customers to make direct tax payment transactions seamlessly via the TIN 2.0 platform.
With this development, DBS Bank India becomes the first wholly owned subsidiary in India to be authorised for direct tax payment, strengthening its position in the country’s evolving digital tax ecosystem.
Expanded Digital Tax Payment Capabilities
The newly launched direct tax payment facility allows customers to pay a wide range of taxes directly from their bank accounts. These include:
- Income Tax
- Advance Tax
- Self-Assessment Tax
- Capital Gains Tax
- Tax Deducted at Source (TDS)
This addition complements DBS Bank India’s existing capability to collect Goods and Services Tax (GST), further enhancing its comprehensive tax payment offerings.
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Seamless Integration with TIN 2.0 Platform
The introduction of the direct tax payment facility is closely aligned with the growing adoption of digital infrastructure such as the TIN 2.0 portal. This ecosystem has improved the ease of tax compliance by enabling faster transactions and reducing operational errors.
Customers can access the direct tax payment feature through DBS Bank India’s digital platforms:
- digibank by DBS for retail users
- DBS IDEAL for businesses, including SMEs, mid-sized firms, large corporates, and MNCs
The launch follows the Agency Bank authorisation granted by the Reserve Bank of India (RBI), enabling DBS Bank India to further integrate with India’s digital public infrastructure.
Direct Tax Payment: 24/7 Digital and Offline Payment Options
The direct tax payment service offers flexibility and convenience, allowing customers to complete transactions through multiple channels:
- Internet banking
- NEFT/RTGS via DBS digital platforms
- In-person payments at select DBS branches
Users benefit from real-time payment confirmation, automated challan generation through the TIN 2.0 system, and enhanced visibility into transaction status. This is particularly valuable for individuals and businesses managing recurring or high-volume direct tax payment obligations.
Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said: “The authorisation for direct tax payments has strengthened DBS Bank India’s trusted capabilities in transaction banking, payments and digital cash management, enabling us to support customer needs across both indirect and direct tax payments more comprehensively.
Integrating with the government’s digital tax infrastructure has allowed us to reduce friction in the payment process, freeing up bandwidth for both individuals and businesses to focus on what matters most to them, in line with our brand ethos ‘Live more, Bank less’.”
DBS Bank India’s expansion into direct tax payment services aligns with its strong track record in digital innovation. In 2025, the bank was named Best Digital Bank for SMEs in India by Euromoney.
Additionally, in both 2025 and 2026, it was recognised as the Best Bank for Corporate Banking in India by Crisil Coalition Greenwich, highlighting its continued commitment to delivering advanced digital solutions to customers.
