Any central government payment of above Rs 5000 to suppliers and others to be made through e-payments
To attain the goal of complete digitization of government payments, the Union Ministry of Finance has again reviewed the existing limit of Rs. 10,000 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.
The last review in this regard was made in August, 2016.
Accordingly, the Finance ministry has directed all the central Ministries/Departments to ensure with immediate effect that all payments above Rs. 5000 to suppliers, contractors, grantee/loanee institutions etc. are made by issue of payment advises only.
To encourage cashless/electronic transactions,the central government has asked its employees to take the lead and maximize the usage of debit cards.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
