Federal Bank Gets RBI Nod to Collect Maharashtra Govt Receipts Through GRAS Portal for Easy Tax & Fee Payments

Federal Bank, a leading private sector bank in India has been authorised by the Reserve Bank of India (RBI) to facilitate the collection of government receipts through the Government Receipt Accounting System (GRAS) portal for the State Government of Maharashtra.

This follows communication from the Maharashtra State Government and places Federal Bank among a select group of banks empowered to enable citizens, businesses and institutions to conveniently make payments and remit statutory dues to the state government via the GRAS platform.

What is GRAS Portal?

The GRAS portal, implemented by the Finance Department of Maharashtra, functions as a virtual treasury, allowing secure electronic payments of both tax and non-tax revenues to the state. Since its public launch in June 2010, GRAS has provided taxpayers with the ability to generate e-challans, pay dues through net banking or at participating bank branches, and receive immediate receipts for their transactions.

Benefits of Federal Bank's Integration with GRAS

With Federal Bank's integration into the GRAS system now underway, the bank will offer seamless payment options for a range of state dues, including stamp duty, registration fees, and various departmental taxes.

This integration is expected to greatly benefit the public by providing flexible payment methods, quick and secure receipt generation, reduced manual errors, enhanced accessibility via both online portals and physical branches, as well as increased transparency and administrative efficiency.

Commenting on the authorisation, Anoop T, Senior Vice President and Country Head - Government & Institutional Business at Federal Bank, said, "Federal Bank is proud to serve the state of Maharashtra and we are honoured to be authorised by the Reserve Bank of India to collect government receipts through the GRAS portal. We have successfully managed similar treasury-related transactions in other states, and this marks a significant addition to our public service capabilities."

Federal Bank will adhere strictly to RBI's established guidelines for accounting, reconciliation, and reporting of all state government transactions, ensuring compliance and operational excellence throughout the process.

Know About Federal Bank

Federal Bank is one of India's leading private sector banks, with a widespread network of approximately 1,591 banking outlets and 2,093 ATMs/Recyclers across the country. As of 30 June 2025, the bank's total business mix (deposits plus advances) stood at Rs 5.29 lakh crore. The bank's Capital Adequacy Ratio (CRAR), computed under Basel III guidelines, was 16.03% as of the same date.

Federal Bank also maintains representative offices in Dubai and Abu Dhabi to serve its Non-Resident Indian (NRI) customers in the UAE. Additionally, the bank operates an IFSC Banking Unit (IBU) in the Gujarat International Finance TecCity (GIFT City).