Tuesday, September 8, 2015

Treasury Savings Bank-POC Permitted

Finance Department issued permissive sanction for the issue of Pay Order Cheques on Special Savings Bank Accounts opened by LSGIs. In GO(MS)No 213/2015/LSGD dtd 29/06/2015 para 5 v LSGD clarified that detailed GO will be issued for the fund transaction from TSB Accounts. Ignoring this few LSGIs issued TSB cheques to implementing officers and it created so many problems in drawal of LSGI funds. As per new decision implementing officers can draw general purpose fund of LSGIs from treasury converting Treasury Savings Bank Cheques to Pay Order Cheques and distribute to beneficiaries as earlier.

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