The Bank’s customers can now make GST payments through different modes viz., E-payment (Net banking), Over the Counter (OTC) (Cash, Cheque and DD) and NEFT/RTGS (online/offline). The payments made through e-payments and OTC (Cash/ Federal Bank Cheque/DD) will be settled real time. The TAT for settlement for other Bank cheques would be as per clearing status and for NEFT/ RTGS would be as per RBI settlement cycle.
Source: a2ztaxcorp.com
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