India, October 9, 2026: DBS Bank India has launched Customs Duty, Central Excise and Service Tax payment capabilities through the ICEGATE 2.0 platform, expanding its statutory payment offerings for businesses. The new service allows customers to manage these payments alongside GST and Direct Tax obligations through the bank’s DBS IDEAL platform.
With this addition, DBS Bank India becomes the only wholly owned subsidiary in the country to support all three major central tax payment categories—GST, Direct Tax, and Customs-related taxes—via government platforms. The move comes as India’s merchandise imports reached US$363 billion and exports US$215.9 billion during April–August FY2026-27, according to the Ministry of Commerce and Industry.
ICEGATE 2.0 integration for businesses
The integration with ICEGATE 2.0, the Indian Customs National Trade Portal, enables customers to initiate and complete Customs Duty, Central Excise and Service Tax payments through DBS IDEAL. The service is available daily from 4:00 AM to 11:00 PM, including weekends. Existing DBS IDEAL customers with the required tax-payment entitlement can access the facility without additional documentation, and can initiate, authorise, and track payments using the platform’s approval workflows and transaction monitoring features.
Enhanced statutory payment proposition
Divyesh Dalal, Managing Director and Country Head, Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said the addition of these payment capabilities further strengthens the bank’s statutory payments proposition, which now covers Direct Taxes, TDS, and GST. “Customers can now manage their statutory payment obligations through a unified platform that provides enhanced control, visibility and operational efficiency,” Dalal said.
Recent digital banking developments
Earlier in October, DBS Bank India enhanced its merchant collections platform, DBS MAX, by adding payment orchestration capabilities powered by Juspay. This allows businesses to manage multiple payment aggregators through a single integration, with consolidated views of collections, refunds and reconciliation.
Industry recognition and background
DBS Bank has received several awards in 2026, including Asia’s Best Digital Bank and Asia’s Best Bank for Customer Experience at the Euromoney Awards for Excellence, and Best Bank for Payments- Asia-Pacific and Best Bank for Transaction Banking- Asia-Pacific at the Global Finance Treasury & Cash Management Awards. DBS Bank India was also recognised as Best Corporate Digital Bank- India by Global Finance and Best Bank for Corporate Cash Management in India by CRISIL Coalition Greenwich in 2025 and 2026.
DBS Bank India, a wholly owned subsidiary of DBS Group headquartered in Singapore, operates in approximately 350 locations across 19 Indian states and has been present in the country since 1994.
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