Jammu: No rush at bank branches ATMs on pay day

In the case of Central government employees, the national banks in order to avoid rush at its branches had permitted disbursement of Rs 10,000 in cash as part salary by respective DDOs at their office premises itself.

Written by Arun Sharma | Jammu | Published:December 1, 2016 10:38 pm
Pay Day, Demonetisation,  Jammu and kashmir, Jammu pay day, Jammu &Kashmir government, demonetisation, currency notes ban, new currency notes, banks, ATMs, bank queues, ATM queues, pay day rush, demonetisation gujarat, india news, latest news, indian express Apart from regular employees, the state government has nearly one lakh pensioners as well. (PTI photo)

With Jammu and Kashmir government disbursing only one-third of its total monthly salary bill of Rs 900-1,000 crore of its nearly 4.5 lakh employees and nationalised banks allowing payment of Rs 10,000 in cash to Central government employees and Army personnel right at their respective establishments, the anticipated increased rush and cash crunch on pay day was not visible at bank branches and ATMs across Jammu on Thursday.

“The State Finance Department on Thursday cleared the salary bills worth nearly 350 crore, said Director General of Accounts and Treasuries, Altaf Hassan Mirza. However, the total monthly salary bill payable by state government to its 4.5 lakh employees comes to Rs 900-1,000 crore, he added.

Salary is credited to the bank accounts of its employees by the state government online, Altaf said, adding that it depends on presentation of pay bill by drawing and disbursing officers (DDOs) of respective departments. “However, every drawing and disbursing officer does not present pay bill on time, he added.

“Today we received pay bills worth nearly Rs 350 crore from DDOs of various department and we accordingly approved them, he said. Pointing out that state government keep on crediting salary to the respective bank accounts of its employees subject to presentation of pay bills by their respective DDOs at respective treasuries across the state until 14th of every month, he added.

Elaborating the system in vogue in the state since 2011, Treasury Officer at Sadar Treasury in Jammu, Rayaz Hussain, said that DDOs of state government departments have to present monthly pay bills of their respective staff at any of 133 government treasuries across the state. The treasury concerned then raises the demand with Finance Department and after its approval, treasury credits the salary in respective bank accounts of the employees with Jammu and Kashmir Bank.

All this is done online and after presentation of the pay bill, the entire process right from raising the demand with Finance Department, to its approval and crediting salary into the bank accounts of concerned employees takes less than 24 hours, he said. “We have received pay bill worth Rs 20 crore from DDOs of various departments and by evening, the salary will get credited into the accounts of respective employees with Jammu and Kashmir Bank, he added.

Apart from regular employees, the state government has nearly one lakh pensioners as well. Their pension gets credited automatically to their accounts in Jammu and Kashmir bank on first day of every month. It so happens that the concerned bank branches pay them pension out of funds available with them and raise the bill at treasuries for clearance after two-three days, he said.

However, in the case of Central government employees and the Army troops posted in the state, the national banks in order to avoid rush at its branches had permitted disbursement of Rs 10,000 in cash as part salary by respective DDOs at their office premises itself. “We had conveyed that DDOs at every Central Government office to present his demand for cash at the bank branch concerned and take the requisite money for disbursement among staff on pay day, said OP Kakroo, Regional Manager, State Bank of India, here.

The Rs 10,000 paid in cash to each employee will be debited to the salary account of the employees and their withdrawal forms in respect to it will be submitted by DDOs at respective bank branches in next three-four days, Kakroo said. There has been no cash crunch in the state and RBI has been very very active on this count, he added.

Unlike state government where DDOs have to present pay bill at treasuries for approval from Finance Department for release of salary of the staff, the salary gets credited into the bank accounts of the Central government employees immediately after DDOs concerned mail the the banks salary cheque along with the electronic file, he said.