The State government has initiated steps to streamline the operation of savings, current and fixed deposit accounts by the government and government undertaking departments.
Accordingly, the officials concerned are directed to furnish information/details pertaining to the existing bank accounts and fixed deposits in the Finance Department’s web portal https://ifmis.telangana.gov.in/bankaccounts in a prescribed proforma and the details should be updated on monthly basis, on the 10th of every month.
The new guidelines have been issued in view of the incidents involving fraudulent withdrawal of deposits made by government and government undertaking departments/institutions. There were also instances of certain departments opening savings/current and fixed deposit accounts for the government’s money in various banks without obtaining prior permission in violation of the existing rules.
