Wednesday, August 14, 2013

Payment of commission in obtaining bank drafts by Postal Department from SBI/Nationalised Bank Branches...reg.

Directorate vide memo No. PA/BK-I/11-33/2013(26)/1683 to 1627 dated 26/7/2013 has directed to prevent unnecessary expenditure on payment of commission to the nationalised banks in obtaining bank drafts and asked to reiterate the instructions of RBI, GAD, Mumbai issued under No. DGBA.GAD.No.H2206/31.03.2011/2007-08 dated  28/8/2007 wherein it has been instructed that “all agency banks should provide remittance facility to Ministries / Departments of Central and State Governments to which they are accredited free of cost at their authorised branches, irrespective of the mode of such remittance”.

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