Government of India takes policy decisions to encourage cashless/electronic transactions; Asks the Government employees to take the lead and maximize the usage of Debit Cards for personal related transactions instead of cash

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..... Government of India takes policy decisions to encourage cashless/electronic transactions; Asks the Government employees to take the lead and maximize the usage of Debit Cards for personal related transactions instead of cash - News and Press Release Dated:- 5-12-2016 - News - In the recent years, advancements in banking technology, progress in mobile banking and innovative technologies to facili .....

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..... tate digital payments have enabled large number of small denomination transactions to be handled smoothly in electronic mode. The Government of India has taken policy decisions encouraging cashless/electronic transactions. In its endeavour on moving towards the electronic payments, the Central Government Ministries/Departments have been crediting the salary and other payments for the majority o .....

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..... f its employees electronically, direct into the designated bank accounts of the employees. Given the progress made in banking technology, it is assumed that each employee would be in possession of a Debit/ATM card linked to his/her bank account. Ensuring and encouraging Government Employees to maximise the usage of Debit cards for personal related transactions instead of cash would go a long way s .....

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..... erving with the employees serving as ambassadors for the digital push and also motivate, encourage the general public in taking-up the cause. All Ministries/Departments are requested to encourage their employees to make use of Debit Cards for personal related transactions instead of cash. Ministries/Departments should liaise with their accredited banks and set-up special camps to facilitate o .....

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..... btaining of and ensure that all its employees are in possession of Debit Cards. Ministries/Departments may also issue similar advisories to their attached/subordinate offices, PSUs, Autonomous Bodies etc. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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