The Bank has specially created a Government Banking Group to cater to
Central & State Government Ministries, departments, autonomous
bodies , boards & corporations, committees/ commissions/ missions,
independent departments, Special Purpose Vehicles, Academies/
Institutions, urban local bodies , development corporations, rural
administrative bodies etc.
IndusInd Bank is carrying out banking business for various Government
Departments and PSUs (Central and State), by offering wide range of
products and services with technological competencies. We are
technologically enabled to carry out tax collection business for the
Centre and States. We have taken the initiative to offer a savings rate
of 6% for balances above Rs. 1 lac.
We are empanelled for Government business in the states of Haryana, Andhra Pradesh, Bihar, Madhya Pradesh, Chhattisgarh and Goa. We have been authorized by the Govt. of Kerala for e-payments of commercial taxes.
We are live on the NPCI ( National Payments Corporation of India ) and CPSMS ( Central Plan Scheme Monitoring System ) platforms for transfer of funds to Government departments, implementing agencies of social welfare schemes and recipients of Government funds.
We offer facilities for seeding of Aadhar seeding in accounts through branches and ATMs.
We offer net-banking facilities for IRCTC ticket booking and
payment of taxes online.
We offer special facilities for Defence institutional accounts –
Unit run canteens, Army schools & colleges, Army Welfare
Organizations and regimental funds.
Financial inclusion activities are in progress in some states, to
extend our reach to the villages.