Media Release

Mangaluru, Aug 7: Karnataka Bank has gone live in accepting GST payments through Unified Payments Interface (UPI). Karnataka Bank is one of the first banks to extend GST payment through UPI mode. All the GST registered users including Karnataka Bank customers can make GST payment seamlessly under this facility.

Karnataka Bank is already accepting GST payments through its branches and on Internet banking facility on behalf of CBIC. The maximum limit permitted under UPI mode is Rs 1 lac and there is no upper limit in Internet banking facility for GST payments.

Speaking on the occasion, Srikrishnan H, managing director & CEO, said, “This is yet another important step towards digitising our services to provide a secure online mode of payment. Our GST services offer ease and convenience to businesses and consumers for timely payment of their GST obligations. We welcome our existing & potential customers of Karnataka Bank to use our digital services in line with GoI ’s efforts of promoting digital financial services.”

Commenting on the launch of this initiative, Sekhar Rao, executive director, said “ The launch of payment of GST through UPI underpins our commitment to become the preferred banker to all sections of the society and facilitate ease of doing business. We are optimistic of expanding our CASA base through this initiative.”