State Bank Of India in Mumbai BSR Code List

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What is BSR CODE ?

BSR stands for BASIC STATISTICAL RETURNS. It is a 7-digit code allotted to banks by Reserve Bank of India. When filling TDS/TCS returns BSR code is used in challan details and deductee details. Bank BSR code is different from the branch code used for bank drafts, etc. This code is unique for each individual branch of a bank. Basic Statistical Returns is a system which initiates to integrate the data relating to various commercial banks and promotes the filling of the same with RBI at regular intervals

Income Tax Department's initiative to receive information and maintain records of tax paid through banks through online upload of challan details is named as OLTAS (Online Tax Accounting System). The collecting bank branch will put a rubber stamp on the challan and its counterfoil indicating a unique Challan Identification Number (CIN) comprising of seven digit BSR Code allotted by RBI to that bank branch, the date of deposit (dd/ mm/ yy i.e. six digits), and the challan serial number in 5 digits. CIN will, therefore, be unique for each challan through out the country and will be used for identifying the challan in the OLTAS.

Where is BSR code used?

BSR code is used in a unique challan identification number (CIN) which also comprises of the date of deposit (dd/ mm/ yy i.e. six digits) and the challan serial number in 5 digits. CIN will be unique for each challan throughout the country and will be used for identifying the challan in the OLATS. This code will also be helpful for a pensioner who retires from GOVT. OF INDIA (Central Government employee) to get their pension, the Bank A/C No. along with the bank BSR code can be used by the pensioners to get their pension.

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What is OLTAS?

Income Tax Department's initiative to receive information and maintain records of income tax returns paid through banks through online upload of challan details is named as OLTAS (Online Tax Accounting System). The collecting bank branch will put a rubber stamp on the challan and its counterfoil indicating the CIN. It will be unique for each challan throughout the country and will be used for identifying the challan in the OLTAS

Disclaimer: The BSR Code information presented above is for reference only. Please verify BSR Code details before initiating any transaction!.The author reserves the right not to be responsible for the topicality, correctness, completeness or quality of the information provided. Liability claims regarding damage caused by the use of any information provided, including any kind of information which is incomplete or incorrect, will therefore be rejected.