Delhi govt to make digital payments for transactions above Rs 5,000

Delhi administration's move comes in line with the Centre's decision to promote digitisation of payments following the announcement to demonetise higher currency notes.

PTI December 26, 2016 15:22:15 IST
Delhi govt to make digital payments for transactions above Rs 5,000

New Delhi: The Delhi government has asked all its departments to make electronic payments to suppliers, contractors and institutions if the order value exceeds Rs 5,000.

The Finance Department of the Delhi government has issued an office memorandum deciding to implement the recent order of the Union Finance Ministry in this regard to promote e-payments.

Delhi govt to make digital payments for transactions above Rs 5000

Representational image. Reuters

In the memorandum, the department has asked that payments should be made to contractors, suppliers and institutions through Real-Time Gross Settlement Systems (RTGS), National Electronic Funds Transfer (NEFT) and Electronic Clearing Service (ECS).

"It has been decided to implement the instructions (of the Union Finance Ministry)...in the departments, autonomous institutions, public sector undertakings and Corporations of Government of NCT of Delhi.

"Accordingly, all payments to the suppliers, contractors, grantee/loanee institutions etc. above Rs 5,000 may be made through electronic mode i.e RTGS, NEFT and ECS with immediate effect," the Finance Department said in the memorandum.

The city administration's move comes in line with the Centre's decision to promote digitisation of payments following the announcement of demonetisation of 500 and 1,000 rupee notes on 8 November.

Earlier this month, the Centre had lowered the threshold for making such payments from Rs 10,000 to Rs 5,000, a move that was aimed at attaining the goal of complete digitisation of government payments.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Delhi riots case: Opposition meets President Ram Nath Kovind, say 'serious' questions about police's role in violence
India

Delhi riots case: Opposition meets President Ram Nath Kovind, say 'serious' questions about police's role in violence

The leaders also alleged that there are publicly documented accounts of police being "complicit, directing mobs pelting stones or looking the other way when mobs were indulging in violence"

Delhi riots: Court grants bail to man charged with 'attempt to murder' after police fails to trace complainant
India

Delhi riots: Court grants bail to man charged with 'attempt to murder' after police fails to trace complainant

Special Public Prosecutor Saleem Ahmed, appearing for the state, informed the court that the victim had given his fake address and mobile number and the police tried to search him but he could not be traced

Coronavirus Updates: Serum Institute says India vaccine trials will resume after DCGI's nod
India

Coronavirus Updates: Serum Institute says India vaccine trials will resume after DCGI's nod

Coronavirus LIVE Updates: The Serum Institute of India (SII) on Saturday said, "Once DCGI (Drugs Controller General of India) gives us permission to restart the trials in India, we will resume the trials."