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STATE BANK OF INDIA PRESENTS ELECTRONIC TRANSFER OF MGNREGS FUNDS TO HEAD POST OFFICE ACCOUNTS - PowerPoint PPT Presentation


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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

PRESENTS

ELECTRONIC TRANSFER OF MGNREGS FUNDS

TO

HEAD POST OFFICE ACCOUNTS

1


Process flow
PROCESS FLOW

* 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.


Procedure at head post office
Procedure at Head Post Office

* 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.

3


Procedure at bank
Procedure at Bank

* 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).

4


Present status
Present Status

  • At first payment of MGNREGS to Postal Department on e-FMS platform started on Pilot basis in Dhenkanal HO on 07-02-2013, but discontinued after two remittances.

  • Later on it has been started in Koraput HO on 11.06.2013. At present remittance has taken place in Jeypore HO, Nabarangpur HO, Parlakhemundi HO, Rayagada HO, Nayagarh HO and Khurda HO.

  • Total Number of postal FTOs credited as on date : 317

  • Total amount credited as on date :Rs.81,91,103

5


Issues with head post office
ISSUES WITH HEAD POST OFFICE

* HPOs are maintaining two accounts for both debit and credit. They should provide the credit account number only for this 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.

6


Other issues
OTHER ISSUES

* 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.

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