South Indian Bank ties-up with Telangana State Treasury (Cyber Treasury) for online payments

Hyderabad: South Indian Bank has been authorized by Government of Telangana to collect government receipts on their behalf. The authorization is an important development as it allows the common public to make payments to Cyber Treasury – the online treasury portal of the state through the Internet Banking platform of South Indian Bank – SIBerNet.

Residents of Telangana can now pay the fees/charges/taxes of Commercial Taxes, Meeseva, Meeseva RTA, Inspector of Factories, Boilers, Fire Department, TGBCL (Telangana Beverages Corporation Limited.), Drugs Control Administration, Roads & Buildings, Agriculture, Excise Department, Ayush, Panchayat Raj Engineering, Police Intelligence online using the SiberNet Internet Banking platform.

South Indian Bank had signed the agreement with Directorate of Treasuries & Accounts, Telangana State at DTA, Abids Hyderabad and the facility is already LIVE.

Commenting on the significance “, Mr. Murali Ramakrishnan, Managing Director & CEO, South Indian Bank said, “With this arrangement, South Indian Bank is among the 6 private sector banks empanelled by Telangana State to facilitate payments towards Cyber Treasury. Our ‘SIBerNet’ internet banking platform is a state-of-the-art facility that is focused on providing customer services on the go with added convenience and security. Our bank is aligned to support the vision of the government of ‘Digital India’ and with this Tie –Up, we have taken one more step towards building a digitally empowered society.”

South Indian Bank, being a bank with a rich heritage is seamlessly offering an array of services to its retail and corporate customers. This latest development will only further facilitate ease of payment of government fees/charges/taxes by the customers, who are their core stakeholders.