Page 24 - Banking Finance November 2024
P. 24
PRESS RELEASE
IDFC FIRST Bank Goes Live on GST Portal for Seamless Tax Payments
IDFC FIRST Bank is pleased to announce its integration with the Goods and Services Tax (GST) portal, enabling seamless
GST payments. Customers will now benefit from an intuitive, hassle-free payment experience, with instant payment
confirmations and easy access to downloadable challans.
This new integration allows IDFC FIRST Bank customers to pay GST through a variety of digital channels, including the
Banks user-friendly Retail and Corporate Internet Banking platforms and its nationwide branch network.
Mr. Chinmay Dhoble, Head - Retail Liabilities and Branch Banking, IDFC FIRST Bank, stated, As a customer-first bank,
we are committed to providing seamless, easy-to-use solutions to our customers. This integration with the GST portal is
another step in our mission to offer universal banking solutions. Our aim is to ensure a quick, simple, and efficient tax
payment experience. We encourage our customers to use this facility to easily pay their GST through IDFC FIRST Banks
online and branch channels.
IDFC FIRST Bank is one of the select Scheduled Private Sector Banks to be authorised for GST collections, further
underscoring the Banks commitment to providing comprehensive financial services to its clients.
Indiagold Eyes Major Expansion in India's Gold Loan Market
Indiagold, a prominent fintech company specialising in
gold loans, is set to disrupt the gold loan industry with
its ambitious expansion plans and innovative product
offerings.
With a vision to become the preferred choice of lender
for small business owners and individuals especially those
operating micro and small enterprises outside the GST
framework, Indiagold is committed to providing swift,
discreet, and convenient gold loan services.
''We aim to streamline the gold loan process and
eliminate the stigma associated with the use of family
gold as a monetizable asset. This will empower small
business owners to access the financial support they
need. In this financial year, we will not only strengthen
our presence in existing markets but also foray into new cities with significant potential,'' said Nitin Misra, Co-Founder
of Indiagold.
The fintech firm offers various products, including gold loans, digital gold, and physical gold. In just four years, the company
has served over 20 lakh customers, introducing a range of customer-centric products tailored to meet their evolving
needs.
Indiagolds key differentiators include a seamless, digital-first onboarding experience, fully digital payment options, app-
based lifecycle management, flexible loan tenures, and comprehensive omnichannel customer support.
The company has also been recognised for its groundbreaking technology and product innovations, receiving several
prestigious awards. These include Best Tech Innovators and Emerging Digital Lenders by the Digital Lenders Association
of India, Best Customer Service Innovators by Economic Times, and a spot on the Forbes Asia 100 to Watch list.
Over the past two years, the company has experienced remarkable growth in the city of Chennai and plans to triple its
team size this quarter to better cater to its customers.
To ensure the security of customer data, Indiagold has implemented robust cybersecurity measures, including advanced
encryption methods, stringent access controls, and PCI DSS Level 2 certification. As an ISO 27001:2013 certified company,
Indiagold remains committed to maintaining the highest standards of data security.
22 | 2024 | NOVEMBER | BANKING FINANCE
