Government Banking
RBL Bank’s Government Banking team establishes and maintains strategic partnerships with Central Government, State Governments, Central & State Public Sector Undertakings, Smart Cities and other government affiliates. Government Banking Services include the following:
- Central Taxes: Authorised Bank for collection of Direct Tax, Custom Duty & GST
- Public Fund Management System (PFMS): Integrated and Live on PFMS portal of Govt of India. Payment facility via Digitally Signed Certificate (DSC), Print Pay Advice (PPA) and Electronic PPA (ePPA) modes
- State Agency Business: Authorised Bank for Govt of Telangana, Karnataka, Madhya Pradesh and Goa
- Single Nodal Account (SNA)/ CNA: Specialized offerings for SNA/CNA accounts
- GeM: Complete integration with e- Government initiatives such as Government e-Marketplace (GeM)
- Competitive rates: Superior rate of interest on Savings Bank Account and Fixed Deposit proposition
- Customized solutioning: Customized banking solutions for centrally sponsored, central sector and state sponsored schemes
Central & State Public Sector Undertaking:
- Fund and Non Fund based working capital solutions
- Attractive Fixed Deposit rates for investment of surplus funds
- Cash management and transaction banking solutions including both traditional and new age digital services
- Specialized team for managing dividend mandates
- Treasury services for remittance, hedging, support on trade compliance, etc.
- Specialized account offerings on Savings Account proposition with superior interest rates
- Banking solutions for customized fees collection and cashless transactions
- Attractive Fixed Deposit rates for employee benefit trusts for investment purposes
- Superior rate of interest on Savings Bank Account proposition with solutions related to Demat Account and CSGL Account
