Updated List of Banks for Income Tax Payments: 31 Banks Added
The updated list of banks for income tax payments has been released by the Income Tax Department for FY 2025–26. Now, a total of 43 banks are authorized to accept direct tax payments through the e-Pay Tax facility on the TIN 2.0 portal.
This expansion is a welcome move for taxpayers who earlier faced limitations in choosing banks for tax payments. Whether you’re paying advance tax, self-assessment tax, or TDS/TCS, here’s what you need to know.
What Is the e-Pay Tax Facility?
The e-Pay Tax feature is a part of the Income Tax Department’s revamped TIN 2.0 portal, allowing seamless online payment of taxes.
- Launched under the Digital India initiative
- Integrates multiple payment options: net banking, debit card, UPI, NEFT/RTGS, and over-the-counter
- Supports payments under Challan 280, 281, 282, and 283
Newly Added 31 Banks for Direct Tax Payments
The CBDT issued the updated list on the official TIN portal, expanding access to 31 more banks. This list includes leading private banks, co-operative banks, and PSBs (public sector banks).
Here’s a quick summary:
| S. No. | Newly Enabled Banks (FY 2025–26) |
|---|---|
| 1 | Axis Bank |
| 2 | Bank of Baroda |
| 3 | Canara Bank |
| 4 | HDFC Bank |
| 5 | ICICI Bank |
| 6 | IDBI Bank |
| 7 | Indian Bank |
| 8 | IndusInd Bank |
| 9 | Jammu & Kashmir Bank |
| 10 | Karnataka Bank |
| 11 | Karur Vysya Bank |
| 12 | Kotak Mahindra Bank |
| 13 | Punjab National Bank |
| 14 | South Indian Bank |
| 15 | State Bank of India |
| 16 | UCO Bank |
| 17 | Union Bank of India |
| 18 | YES Bank |
| 19 | IDFC FIRST Bank |
| 20 | Federal Bank |
| 21 | DCB Bank |
| 22 | RBL Bank |
| 23 | AU Small Finance Bank |
| 24 | Bandhan Bank |
| 25 | CSB Bank |
| 26 | ESAF Small Finance Bank |
| 27 | Equitas Small Finance Bank |
| 28 | Suryoday Small Finance Bank |
| 29 | Ujjivan Small Finance Bank |
| 30 | City Union Bank |
| 31 | Tamilnad Mercantile Bank |
📌 Complete and updated list available on https://www.tin-nsdl.com
Why This Matters for You
With more banks integrated:
- No need to open new accounts just for tax payments
- Faster processing and acknowledgment of challans
- Better UPI and Net Banking success rates
- Less downtime during quarterly peak periods
Whether you’re an individual taxpayer, salaried employee, small business owner, or a CA, this update makes compliance smoother.
How to Pay Taxes via the e-Pay Tax Portal (Step-by-Step)
- Visit https://www.incometax.gov.in
- Log in using PAN/Aadhaar
- Navigate to:
e-File → e-Pay Tax → New Payment - Select appropriate Challan (e.g., 280 for advance/self-assessment)
- Choose your bank and payment mode
- Complete transaction via Net Banking, UPI, or NEFT
- Download the challan receipt for records
Legal Reference & Notification
The updated bank list has been officially published by Protean (NSDL), authorized by the Income Tax Department under Rule 125 of the Income-tax Rules, 1962, regarding electronic tax payment.
- For latest updates: https://www.tin-nsdl.com
- Also aligns with Section 139A, read with Rule 114AAB for e-payment of taxes
Expert Tip
“Avoid last-minute payments near the deadline, especially during March and June quarters. Use this new bank list to make timely e-Payments and ensure your challan is correctly tagged to your PAN/GSTIN.”
— Tax Expert at Efiletax
FAQ on Updated Bank List for e-Pay Tax
Q1. Can I pay my ITR-related taxes using UPI now?
Yes, many banks now support UPI payments via TIN 2.0. Look for the UPI option while selecting the payment mode.
Q2. Is physical challan deposit still valid?
Only in limited cases. Most tax payments are now done digitally under Rule 125. Always prefer e-Payment for faster processing.
Q3. How do I check if my payment was successful?
After payment, download the Challan Receipt (CRN) and confirm acknowledgment on the e-Filing portal under ‘e-Pay Tax’ history.
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📌 Summary Snippet (for Google)
The Income Tax Dept has released an updated list of 43 banks for direct tax payments via e-Pay Tax in 2025. With 31 new additions, taxpayers can now use UPI, net banking, and NEFT across top banks. Full list and payment steps here.
Final Words
With the updated list of banks for income tax payments, the government has made it easier for taxpayers to comply digitally. No more rushing to specific banks — now your preferred bank may already be eligible!
Ready to pay your taxes the smart way?
👉 Get expert help on e-Pay Tax at Efiletax