India, October 9, 2026 – DBS Bank India has introduced Customs Duty, Central Excise and Service Tax payment capabilities through the ICEGATE 2.0 platform. With this addition, the bank now supports GST, Direct Tax and Customs-related tax payments, making it the only wholly owned subsidiary in India to offer all three major central tax payment categories through government platforms.
According to the Ministry of Commerce and Industry, India’s merchandise imports reached US$363 billion during April-August FY2026-27, up 18.2% year-on-year, while exports rose to US$215.9 billion. As trade activity grows and businesses increasingly digitise their operations, entrepreneurs are looking for more seamless ways to manage statutory obligations alongside their banking and treasury requirements.
Through its integration with ICEGATE 2.0, DBS Bank India enables customers to complete Customs Duty, Central Excise and Service Tax payments through DBS IDEAL, allowing businesses to manage a critical trade-related obligation through the same platform they use for their day-to-day banking and treasury needs. ICEGATE (Indian Customs Electronic Gateway) is the Indian Customs National Trade Portal and serves as the digital interface between the trading community and Indian Customs. Through its Customs e-Payment Platform 2.0, customers can initiate payments for Customs Duty, Central Excise and Service Tax, select DBS Bank as their preferred banking partner and seamlessly complete transactions through DBS IDEAL.
Divyesh Dalal, Managing Director and Country Head, Global Transaction Services, Corporate Banking – Financial Institutions and SMEs, DBS Bank India, said: “As businesses grow and trade activity becomes more interconnected, corporates are looking for simpler and more efficient ways to manage a wider range of payment obligations. The addition of Customs Duty, Central Excise and Service Tax payments has further strengthened our Statutory Payments proposition, which now includes 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. This launch reflects our commitment to removing friction from business processes so that our customers can focus on driving growth.”
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. Customers can initiate, authorise and track payments through DBS IDEAL’s existing approval workflows, transaction monitoring capabilities and download payment records, offering greater visibility and control over their payment obligations.
The launch complements DBS Bank India’s broader digital transaction banking ecosystem. Earlier this month, the bank enhanced DBS MAX, its merchant collections platform, with a payment orchestration capability powered by Juspay. This enables businesses to access and manage multiple payment aggregators through a single integration, while providing a consolidated view of collections, refunds and reconciliation.
DBS continues to receive global recognition for its leadership in transaction banking and digital innovation. In 2026, the bank was named 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 was also recognised as Best Corporate Digital Bank- India by Global Finance.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best AI Bank” by Global Finance, “World’s Best Digital Bank” by Euromoney and the winner of multiple digital assets awards. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 17 consecutive years from 2009 to 2025. DBS Bank India was recognised by CRISIL Coalition Greenwich as the Best Bank for Corporate Cash Management in India in 2025 and 2026. The bank was also named Best Bank for ESG in India at the Euromoney Awards for Excellence 2026 and was recognised as the Best Bank in Emerging Tech and AI at the Business Today-KPMG India’s Best Banks Awards 2026.
DBS provides a full range of services in Consumer, Wealth, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS Bank has been present in India for more than 30 years, opening its first office in Mumbai in 1994. DBS Bank India Limited is the first among the large foreign banks in India to start operating as a wholly owned, locally incorporated subsidiary of a leading global bank. As a trusted partner, DBS provides a range of banking services for large, medium, and small enterprises and individual consumers in India, focusing on a seamless customer experience that helps them ‘Live more, Bank less’. In November 2020, Lakshmi Vilas Bank was merged with DBS Bank India Limited. DBS Bank India is now present in ~350 locations in 19 Indian states.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
