Enter Keyword and Search

Sunday, August 12, 2012

Government asks state-owned banks to ensure one account per family

with 0 Comment
Government asks state-owned banks to ensure one account per family

NEW DELHI: The government has asked state- owned banks to ensure one account per family to facilitate direct transfer of subsidy under 32 central schemes.

In a communication to the public sector banks, the Department of Financial Services in Finance Ministry has asked them to use the latest voter list as a reference for verifying that every household has a bank account.

The banks have been asked that the families must have one account in a bank on Core Banking Solution and having NEFT facility.

Read to continue...
Source: Economic Times

Disclaimer:As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post. All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog. Links to other websites that have been included on this blog are provided for public convenience only. 90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.