Union Bank ties up with Maharashtra for OTC tax collection

Industry:    2015-12-07

MUMBAI: State-run Union Bank of IndiaBSE -1.87 % today tied up with Maharashtra for over-the-counter (OTC) collection of taxes and receipts. The bank has integrated its core banking with the Maharashtra virtual treasury, GRAS (Government Receipt Accounting System), to facilitate OTC tax collection, which will provide one more mode of payment for convenience of tax payers and the state. “The facility of collecting taxes and dues will be provided at all of our 500 branches acros .. Read more at: http://economictimes.indiatimes.com/articleshow/49937350.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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