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Indian bank innovates, allows users to pay taxes at ATM
August 11, 2009
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ClaudeCorporation Bank in Mumbai expects to launch a new facility that allows taxpayers to pay taxes at ATMs. According to a story from The Financial Express, the facility, called "E-payment through ATM" will allow taxpayers to pay income taxes, fringe-benefit taxes, securities transactions and gift taxes. The bank earns a small amount on each transaction.
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