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Banks told to give report of transactions above Rs.10 lakh
Posted on: 19/Mar/2016 11:16:43 AM
There are 16 state assembly constituencies in Chennai District itself. Corporation Commissioner Chandra Mohan has been appointed as District Election Officer. He held the meeting with the banks officials and gave some guidelines regarding the elections.
Banks should ensure that the cash vans of outsourced agencies shall not carry the cash of any third party agencies or individuals.
The outsourcing agencies should carry documents issued by the bank giving details of the cash released to them for filling the ATMs along with identity cards.
Unusual and suspicious cash withdrawal, deposit of cash from a savings bank account exceeding Rs.10 lakh and other things should be reported to the DEO.
In case of suspicious withdrawal, action must be taken and information should also be passed on to Deputy or Assistant Director of Income Tax in charge of the district.
Details can be mailed to itcontrol.chn@gov.in.
The cash deposits and withdrawal of candidates exceeding one lakh rupees from the day of filing nomination till the date of counting should also be monitored and reported.
The lead district manager should co-ordinate with banks and send daily transaction report to Expenditure Monitoring Committee in the specified format.
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