Pay Municipal Corporation of Greater Mumbai Property Property Tax

The Municipal Corporation of Greater Mumbai (MCGM) imposes property tax on all property owners within its jurisdiction, which includes residential, commercial, and industrial properties. This annual tax is a crucial source of revenue for the MCGM, funding essential civic services such as waste management, infrastructure development, and public health initiatives. The property tax is calculated based on the capital value of the property, which considers factors like location, type of property, and overall market value. Property owners are required to pay this tax annually by a specified due date, typically June 30th, to avoid penalties.

Bajaj Finserv offers an easy solution to this problem, the BBPS platform accepts online payment of municipal tax.

The BBPS platform on Bajaj Finserv – Bajaj Pay is a holistic ecosystem that has streamlined online transactions while ensuring the reliability and safety of payments. Using the BBPS facility on Bajaj Finserv, you can pay your monthly bills quickly and conveniently.

Steps to pay MCGM Property tax on the Bajaj Finserv website

Here is how you can pay your Municipal Corporation of Greater Mumbai Property tax on the Bajaj Finserv website:

1. Visit the Bajaj Finserv website or click on https://www.bajajfinserv.in/

2. Go to the ‘ALL PAYMENTS’ under the ‘PAYMENTS’ sectionand click on it

3. Click on ‘VIEW MORE’ option in the ‘BILLS AND RECHARGES’ section

4. Click on ‘MUNICIPAL TAXES’ under ‘FINANCIAL SERVICES & TAXES’

5. Select your municipal tax biller from the list or search for it

6. Enter the ‘CONSUMER ID and click on ‘FETCH YOUR BILL’

7. Select your preferred payment modefrom credit/debit cards, net banking, UPI, or e-wallet

8. Complete the payment by clicking on ‘PAY NOW’ to complete the payment

Fees and charges

Depending on the transaction amount and payment mode, a convenience fee of up to 2% (inclusive of applicable taxes) will be charged. For more information on fees and charges, click here.

Note: For failed transactions, the total amount, including charges except taxes, is reversed.

Benefits of paying MCGM property tax on Bajaj Finserv

  • Following are the benefits of paying municipal tax online on Bajaj Finserv platform:

    1. Quick and hassle-free: Bajaj Finserv BBPS platform offers a quick and hassle-free way to pay your municipal tax. With just a few clicks, you can complete your payment from the comfort of your home, saving time and avoiding the need to stand in long queues.

    2. Safe and secure: Security is a top priority when making online transactions. Bajaj Finserv ensures a secure payment experience through its BBPS platform. The system employs advanced security measures to protect your payment details, giving you peace of mind.

    3. Multiple payment options: Bajaj Finserv supports a range of payment methods, including debit cards, credit cards, net banking, e-wallets, and UPI. This variety allows you to choose the payment method that best suits your preferences and ensures a smooth transaction process.

    4. Instant confirmation: Once your payment is processed, Bajaj Finserv sends an immediate confirmation to your registered email address and mobile number. This instant confirmation serves as proof of payment and helps you keep track of your transactions easily.

    Mode of payment

    The Bajaj Finserv BBPS platform offers a range of convenient payment options to pay your Municipal Corporation of Greater Mumbai Property tax.

    Let us explore the available modes:

    • Credit card/debit card: This is a widely accepted and convenient option. You can make payments using your Visa, Mastercard, or Maestro card issued by any bank in India.
    • Net banking: If you prefer online bank transfers, Bajaj Finserv integrates with major banks across India. Simply select your bank from the list and utilise your existing net banking credentials for secure payments.
    • Bajaj Pay UPI: This option leverages the Unified Payments Interface (UPI) for instant fund transfers. It is a secure and fast way to pay directly from your bank account using a UPI app.
    • Bajaj Pay Wallet: Bajaj Finserv also offers its own digital wallet - Bajaj Pay Wallet. If you have a Bajaj Pay account, you can easily make payments using the balance stored in your wallet.

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Frequently asked questions

What is the official website for MCGM Property Tax?
You can visit their official website here.

How is property tax calculated in Mumbai?
Property tax is calculated based on the capital value of the property using a specific formula that considers various factors like location and property type.

What are the payment options available for MCGM Property Tax?
Payments can be made online via credit/debit cards, net banking, or at designated banks and MCGM collection centres.

When is the last date to pay property tax?
The typical due date for property tax payment is June 30th each year.

What happens if I miss the property tax payment deadline?
Failing to pay on time incurs a penalty of 2% of the outstanding amount per month.

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