DBS Bank India goes live with direct tax payments

Mumbai: DBS Bank India announced on Wednesday the launch of its direct tax payment facility, following authorization from the Central Board of Direct Taxes (CBDT). The bank will now be able to collect direct tax payments on the TIN 2.0 platform, adding to its existing capability to collect Goods and Services Tax (GST) payments. DBS Bank India will now facilitate direct tax payments through its digital banking platforms: digibank by DBS for retail customers and DBS IDEAL, the online business banking platform for companies of all sizes, ranging from SMEs and mid-sized businesses to large corporates and MNCs.  

Divyesh Dalal, Managing Director and Country Head – Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India mentioned that integrating with the government’s digital tax infrastructure has allowed the bank to reduce friction in the payment process and focus on their core areas. DBS has received multiple accolades for its digital leadership and in 2025 was named Best Digital Bank for SMEs in India by Euromoney.