ICICI Bank, India's largest private sector bank, has announced the launch of a service to collect municipal tax on behalf of Nashik Municipal Corporation (NMC). This unique service will help citizens with accounts in any bank to pay municipal taxes at any of the 14 ICICI Bank branches in Nashik. On payment, they will immediately get receipts issued on behalf of NMC by ICICI Bank.
Sanjay Khandare (IAS), Municipal Commissioner, NMC, inaugurated the service at ICICI Bank's Mega Branch in Sharanpur Road, Nashik.
Speaking at the occasion, Niranjan Limaye, general manager - wholesale banking, ICICI Bank said, ''ICICI Bank has been a pioneer in providing modern banking solutions, which bring not only convenience for citizens but also enhanced efficiency and transparency, particularly in the Government banking sector. This service was introduced in response to feedback given by Nashik citizens to NMC, where they wanted more avenues to pay municipal taxes. They also wanted NMC endorsement on the tax receipt. We have devised this solution to cater to the needs of the people.''
Shares of the bank gained Rs 17.4, or 1.73%, to trade at Rs 1,025.85. The total volume of shares traded was 78,458 at the BSE (12.26 p.m., Friday).