Open official Accounts in J&K Bank only: Govt

STATE TIMES NEWS
JAMMU: The government has directed officers/officials including DDOs to open official Accounts in Jammu & Kashmir Bank only.
“It has come to the notice of Finance Department that despite standing instructions regarding opening of official Accounts by the officers/ officials including Drawing and Disbursing officers / Corporations, Public Sector Undertakings and other Development authorities with J&K Bank only, there are instances of official accounts having been opened in banks other than J&K Bank in deviation of the instructions,” reads the circular issued by Dr Arun Kumar Mehta, Financial Commissioner, Finance Department.
“It is once again reiterated that the official accounts opened in banks other than J&K Bank shall be closed forthwith and the balances shall be transferred to accounts in J&K Bank by or before January 31, 2020,” it stated and added, “The concerned will report compliance to Finance Department through their respective Administrative Departments.”
“Deviation of the instructions shall invite stern disciplinary action,” it added.