2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank
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Axis Bank
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Federal Bank
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State Bank of India
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Detailed explanation-1: -Answer: Option C Explanation: Federal Bank has become India’s first bank to list its Payment Gateway platform on the income tax department’s TIN 2.0 platform.
Detailed explanation-2: -The Kerala-based Federal Bank is listed in the Income Tax Department’s TIN 2.0 platform and now lists the Payment Gateway platform as the first bank.
Detailed explanation-3: -TIN 2.0 platform, started on July 1, 2022, is the official portal of the Income Tax Department, Ministry of Finance. “Taxpayers will now get a single platform for their tax payments as well as e-filing of tax returns with this technological integration,” BoM Managing Director A S Rajeev said in a statement.
Detailed explanation-4: -Kerala-based Federal Bank has become country’s first bank to list its Payment Gateway platform on the TIN 2.0 platform of the Income Tax Department. This year, the TIN 2.0 platform went live on 1 July, and ‘Payment Gateway’ has been enabled.
Detailed explanation-5: -The first bank of India was the “Bank of Hindustan”, established in 1770 and located in the then Indian capital, Calcutta.