Mumbai, January 18 2024.

In line with Government of India’s vision to promote digital payments and simplify financial transactions, Kotak Mahindra Bank Limited(“KMBL”/“Kotak”)today announced the launch of seamless GST paymentsthrough multiple options - UPI, Credit Card, and Debit Card, in addition to the existing Net Banking option.Kotak is India’s first bank that enables tax payersto seamlessly meet their GST obligationsby choosing their preferred digital payment modein the GST portal’s 'E-payment'.

Kotak Mahindra Bank continues to be anardent supporterof India’s Digital Public Infrastructure and has been participatingin the growth of the digital marketplace through multiple initiatives.With the new seamless and multiple payment options,customers, even those from other banks (previously unauthorised for certain payment options),will be able to efficiently and reliably complete their GST payments. Notably, Kotak integrated with the Centre's GST portal last year, providing a user-friendly platform for tax fulfilment through its Net Banking service.

Raghavendra Singh, President, Public Affairs & Government Business, Kotak Mahindra Bank Limited, said, "We commend the Government of India's efforts in leading a digital payment revolution that is being recognised and adopted by countries across the world. As the first Bank in India to launch multiple GST payment options, we are delighted to pave the way for the future of digital payments through a frictionless customer experience for not only Kotak customers but for all tax payers”.

How to pay GST via KMBL’s seamless GST payment:

1. Log in to www.gst.gov.in
2. Create Challan & Select E-Payment
3. Choose from multiple payment options such as Credit Card, Debit Card or UPI
4. Select Kotak Mahindra Bank*
5. Make the payment