ICICI Bank Launches Online Customs Duty Payment Service For Customers And Gains Shares

ByRichard C. Sloan

Jan 8, 2022

Shares of ICICI bank rose 1.06 percent to 793.35 rupees each on BSE.

Private sector lender ICICI Bank has announced that it is now making it easier to pay customs duties online, benefiting both retail and business customers. Business customers can pay customs duty through the bank’s corporate internet banking (CIB) and InstaBIZ mobile banking app, while retail customers can do so through the bank’s retail internet banking platform. .

Customers can make payment online by selecting ICICI Bank from the list of banks on the Indian Customs Electronic Gateway (ICEGATE) website, it said in a statement.

“This facility enables millions of ICICI Bank customers to easily pay customs duties digitally through the ICEGATE website. This is in line with our effort to continually improve the convenience of our customers by providing them with products and services. innovative services, ”said Hitesh Sethia, director of ICICI Bank. (Bank transactions).

ICICI Bank has successfully facilitated the payment of direct and indirect taxes for over a decade now, the bank added.

The Reserve Bank of India (RBI) on Friday approved Anup Bagchi’s reappointment as executive director of ICICI bank for three years, even though the bank had authorized the five-year term.

“The Reserve Bank, in its letter dated January 6, 2022, approved the reappointment of Anup Bagchi as executive director of the bank for three years from February 1, 2022,” ICICI Bank said in a regulatory filing . yesterday.

The bank’s shareholders at its annual general meeting in August last year approved Bagchi’s reappointment for five years from February 1, 2022.

Shares of ICICI bank rose 1.06 percent to 793.35 rupees each on BSE.