The Coimbatore Corporation took one more step on Wednesday in easing property tax and water charges payment. It entered into tie-up with Indian Overseas Bank by enabling 26 branches collect property tax and water charges.

Corporation Commissioner T.K. Ponnusamy said in the first phase 17 of the 26 branches would be used. Once the Corporation area increased after the integration of 11 local bodies, the remaining nine branches would also start collecting tax.

B. Bhaskar, Chief Regional Manager, Indian Overseas Bank, said it would be a win-win situation for the Corporation as well as the Bank. He asked his colleagues to treat the assesees with a smile and treat them as potential customers.

Mr. Ponnusamy said the Corporation's tie-up with the Bank is one among the 17 such tie-ups with both public sector and private banks. The civic body looked at roping in more public sector banks as its partnerships with a couple of private banks had not yielded the desired results. The Corporation had two lakh assesees in the ‘residential' category and 30,000 in the commercial and ‘industrial' category.

The assesees could pay property tax and water charges by approaching Corporation collection centres, facilitation centres, banks or through the online payment gateway.

The Corporation, which initiated tax payment through debit or credit cards, was discouraging the practice as there was poor response.

Corporation's IT Officer Sowdhamini said that assesees who paid tax at banks would get a copy of the receipt.