As a property owner in India, you are mandated to an annual tax on your property. The tax applies to all kinds of properties, including residential and commercial properties, office buildings, rented properties, etc. The municipality in your locality collects this tax. Instead of queuing up at tax collection centres, you can make online property tax payments via digibank by DBS' online banking platforms.
A Property Tax is a tax that an individual or a corporation pays to the municipality or other government bodies for owning land in the area where the municipal body is located. The respective municipalities levy property tax for offering amenities in your residence area, such as cleaning of nearby roads, garbage collection, sewage maintenance, electricity checks, sanitation, waste management, to name a few. As a landowner, you must pay the property tax bi-annually or annually as applicable.
Follow these simple steps to complete the property tax payment process using your digibank by DBS mobile app:
By listing your municipality as a biller, you will not need to repeat the above steps to pay your property taxes in future. You can also ensure you never miss a payment by setting up standing instructions on the digibank app.
Make online property tax payments in minutes.
Open Instant digibank Savings Account in just a few minutes.
Presently, digibank allows you to set up billers only on the digibank mobile banking app. However, once you set up the biller, you can make payments via both modes.
Yes, you can pay your property taxes even after the due date. While digibank does not charge any penalties for online property tax payments past the due date, you may have to pay penalties levied by your municipality.
If funds are debited from your account due to an error, you do not have to worry. Typically, the beneficiary bank of the property tax collector reverses the amount into your source account, i.e., your digibank by DBS Savings Account, within 5 working days. You can consult your designated relationship manager for any assistance concerning incomplete or failed transactions.