Corporate News     08-Jun-23
IndusInd Bank empaneled as Agency Bank by Govt. of Madhya Pradesh
IndusInd Bank today announced that it has been appointed as an authorized ‘Agency Bank' by the Ministry of Finance, Madhya Pradesh State Government. This appointment will enable IndusInd Bank for online collection of State Government Revenue and Receipts such as GST and VAT, collection of stamp duty and pension amounts on behalf of the Madhya Pradesh state government.

This arrangement aims to enhance ease for business groups, state government departments and individuals in Madhya Pradesh to make payments to state government conveniently and on a realtime basis, eliminating the requirement for in-person visits to Bank branches.

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