Operate Only With J&K Bank: Admin Tells Officers

0Shares

JK Bank Headquarters in Srinagar (File Photo: Abid Bhat / KO)

JAMMU – The Jammu and Kashmir administration on Friday directed officers to close all official accounts in banks other than the J&K Bank by January 31 or face stern disciplinary action.

The J&K administration had last year issued a direction to accounts officers and drawing and disbursing (DDOs) asking them to open official accounts only in J&K Bank.

The J&K Bank is the official bank of the union territory of Jammu and Kashmir.

However, a circular issued by Financial Commissioner Arun Kumar Mehta said that the finance department has noted that despite the standing instructions, there are instances of official accounts having been opened in banks other than the J&K Bank.

The circular reiterated that the official accounts opened in other banks shall be closed forthwith and balances shall be transferred to the accounts in J&K Bank by or before January 31.

“The concerned will report compliance to finance department through their respective administrative departments. Deviation of the instructions shall invite stern disciplinary action,” Mehta said in the order.

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS


Press Trust of India

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS