Designation of bank as appropriate Government Treasury enables electronic deposit of VAT dues subject to remittance and compliance conditions. Notification designates Kotak Mahindra Bank as an appropriate Government Treasury for Delhi VAT deposits, conditional on remitting funds to the RBI VAT Account within three days (or shorter period as notified), levying interest on delayed remittance at bank rate plus two percent with specified computation period, implementing on-line computerized counters and MIS with electronic data transmission as prescribed, accepting payments at any branch irrespective of account relationship, and complying with the Information Technology Act. The notification also mandates electronic payments via the department website for registered dealers and contractees.