STATE BANK OF INDIA PRESENTS ELECTRONIC TRANSFER OF MGNREGS FUNDS TO HEAD POST OFFICE ACCOUNTS. 1. PROCESS FLOW. *The cumulative FTO request is received at the Nodal Branch i.e. State Bank of India, Secretariat Branch, Bhubaneswar from “SFTPOR” server.
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STATE BANK OF INDIA
ELECTRONIC TRANSFER OF MGNREGS FUNDS
HEAD POST OFFICE ACCOUNTS
*The cumulative FTO request is received at the Nodal Branch i.e. State Bank of India, Secretariat Branch, Bhubaneswar from “SFTPOR” server.
*Secretariat Branch will debit the e-FMS account and credit the designated HPO account.
*SMS message of funds credited will be sent to mobile of respective Head Post Master.
*Net Banking facility with view rights only to be availed by the Head Post Master for the concerned account from the branch.
*Head Post Master will check the credit transaction on-line through Net Banking and take a printout of statement of credit to the account for that day.
*HPO will prepare the ACG-11(a) voucher for remittance and will attach the statement of credit to it instead of cash / Instruments.
*The ACG-11(a) along with ACG-8 (Pass Book) will be forwarded to the Bank for acknowledgement.
*The Bank will verify the on-line credit and acknowledge the same in ACG-11(a) and Pass Book ACG-8.
*The transaction will be reflected in Bank's Scroll and will be submitted to Department of Accounts (Post) through Focal Point Branch (Cuttack).
*The entry will get reconciled with the remittance statement submitted by the Head Post Office to Department of Accounts (Post).
*HPOs are maintaining two accounts for both debit and credit. They should provide the credit account number only forthis purpose.
*Head Post Masters should register their mobile number at the branch with proper mapping to the account number for SMS alert.
*Head Post Masters should apply to the concerned branch for Internet Banking facility in the given account for viewing the transactions on-line.
*The transactions in the account should be checked on daily basis
*HPO in its own interest should originate challan for every transaction for reconciliation purpose.
*We request NIC to segregate Postal FTOs and place in a separate folder in SFTPOR server.
*For day to day reconciliation with NREGASoft we request NIC for a cut-off time and the FTOs for that day.
*Multiple FTOs are generated for the same HO, we request NIC to generate one FTO per day for each HO.