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Saturday, December 10, 2016

Any Payment above Rs.5,000 by Government Departments to be now made through e-Payment

                      Press Information Bureau
                          Government of India
                           Ministry of Finance

                                                       05-December-2016

Any Payment above Rs.5,000 to Suppliers, contractors, grantee/loanee institutions etc by Government Departments to be now made through e-Payment to attain the goal of complete digitization of Government payments.

In order to attain the goal of complete digitization of Government payments, the Ministry of Finance, Government of India has again reviewed the existing limit of Rs. 10,000/-(Rs. Ten Thousand only) prescribed regarding e-payment to Suppliers etc. It has now been decided to lower this threshold limit from Rs. 10,000 to Rs. 5,000 (Rupees Five Thousand only).The last review in this regard was made only in August, 2016.

Accordingly, all the Ministries/Departments of the Government of India have been now directed by the Ministry of Finance to ensure with immediate effect that all payments above Rs. 5000/- (Rupees Five Thousand only) to suppliers, contractors, grantee/loanee institutions etc. are made by issue of payment advises only.

Source :  http://finmin.nic.in/Payment_suppliers_Govt_Departments_Epayments.pdf.
Credit :-  http://centralgovernmentemployeesportal.blogspot.in/2016/12/any-payment-above-rs5000-by-government.html

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