Banks told to review VDIS arrangements

MUMBAI Dec 18: The Reserve Bank of India (RBI) has asked all public sector banks, authorised to accept the income tax, to immediately review the arrangements made for receiving deposites under the Voluntary Disclosure of Income Scheme (VDIS).

The apex bank has also directed these banks to advice their concerned branches to open additional counters, in case of a rush for receipt of deposits of taxes, deploy additional staff wherever required.