Quick Summary
The Goods and Services Tax Network (GSTN) has added YES Bank to the GST Portal as an authorized bank for accepting GST payments. With this addition, the total number of banks facilitating GST payments now stands at 31.
This move is expected to provide more flexibility and ease to taxpayers, ensuring seamless GST payments through a wider range of banking options. Businesses and individuals registered under GST can now make payments via YES Bank along with other leading banks.
Complete List of Banks Accepting GST Payments (as of March 19, 2025):
- Axis Bank
- Canara Bank
- Federal Bank
- Indian Bank
- Karur Vysya Bank
- South Indian Bank Limited
- Bandhan Bank Limited
- Central Bank of India
- HDFC Bank
- Indian Overseas Bank
- Kotak Mahindra Bank Limited
- State Bank of India
- Bank of Baroda
- City Union Bank
- ICICI Bank Limited
- IndusInd Bank Limited
- Punjab and Sind Bank
- TMBL Bank
- Bank of India
- DCB Bank Limited
- IDBI Bank
- Jammu and Kashmir Bank Limited
- Punjab National Bank
- UCO Bank
- Bank of Maharashtra
- Dhanlaxmi Bank Limited
- IDFC First Bank Limited
- Karnataka Bank Limited
- RBL Bank Limited
- Union Bank of India
- YES Bank
Significance of This Update
- More Banking Choices: Businesses now have access to 31 banks for making their GST payments.
- Improved Convenience: Taxpayers banking with YES Bank can now make direct GST payments without needing another bank.
- Seamless Transactions: Expanding the list of banks enhances the efficiency of the GST payment ecosystem.
This update aligns with GSTN's continuous efforts to enhance taxpayer convenience and simplify compliance procedures.
FAQ :
YES Bank has been added to the GST Portal as an authorised bank for accepting GST payments.
With the addition of YES Bank, there are now a total of 31 banks facilitating GST payments.
Having more banks provides taxpayers with greater flexibility, improved convenience, and ensures more seamless GST payment transactions.
Yes, businesses and individuals registered under GST can now make payments via YES Bank.
Yes, as of March 19, 2025, there are 31 banks including YES Bank that accept GST payments.
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