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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.
BASIC STATASTICAL RETURNS (BSR)


BSR code is unique for a branch of a bank.Hence all the branches of any Bank will have its unique BSR ( Basic Statistical Return) Code. This will help to recognize the bank's branch detail

it will be also helpful for a pensioner who retires from GOVT. OF India ( Central Govt.employee)to get their pension, they have to intimate their Bank A/C No. along with the BSR CODE,which is very much available with the bank.
BASIC STATASTICAL RETURNS (BSR)

BSR code is unique for a branch of a bank.Hence all the branches of any Bank will have its unique BSR ( Basic Statistical Return) Code. This will help to recognize the bank's branch detail

it will be also helpful for a pensioner who retires from GOVT. OF INDIA ( Central Govt.employee)to get their pension, they have to intimate their Bank A/C No. along with the BSR CODE,which is very much available with the bank.

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