Apr 10 2012 , New Delhi
All government payments of over Rs 25,000 will be directly credited to bank accounts through e-payment gateway from April 1 this year as part of the efforts to improve governance and eliminate corruption.
“Orders have been issued by controller general of accounts (CGA) that, with effect from April 1, all payments above Rs 25,000 to suppliers, contractors, grantee and loanee institutions shall be directly credited to their bank accounts,” a finance ministry statement said on Tuesday.
Finance ministry has amended the relevant rules to enable all departments to pay directly into the bank accounts of the payees, the statement said.
Government servants, however, will continue to have the option to receive their salaries by cash or cheque. They could also opt to receive their salaries by direct credit to their bank accounts.
But all other payments to government servants above Rs 25,000 shall be credited directly to their bank accounts
All pensions and other retirement and terminal benefits to government servants will be directly credited to their bank accounts.
The government e-payment gateway set-up by the CGA was recently inaugurated by finance minister Pranab Mukherjee and this will enhance transparency and accountability in public dealings and usher – in green banking by the government, the statement said.
“Orders have been issued by controller general of accounts (CGA) that, with effect from April 1, all payments above Rs 25,000 to suppliers, contractors, grantee and loanee institutions shall be directly credited to their bank accounts,” a finance ministry statement said on Tuesday.
Finance ministry has amended the relevant rules to enable all departments to pay directly into the bank accounts of the payees, the statement said.
Government servants, however, will continue to have the option to receive their salaries by cash or cheque. They could also opt to receive their salaries by direct credit to their bank accounts.
But all other payments to government servants above Rs 25,000 shall be credited directly to their bank accounts
All pensions and other retirement and terminal benefits to government servants will be directly credited to their bank accounts.
The government e-payment gateway set-up by the CGA was recently inaugurated by finance minister Pranab Mukherjee and this will enhance transparency and accountability in public dealings and usher – in green banking by the government, the statement said.
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