Disclosing this here, Finance Minister Capt Abhimanyu said that the State Bank of India (SBI) has agreed to provide the Point of Sale (POS) machine facility free of charge to the state government and its departments across the state.
The SBI would not charge any fee either from the government and its departments or from the customers, he said.
The transactions settled through POS terminals would be credited by SBI to the respective department's Drawing and Disbursing Officers (DDOs) bank accounts.
Similarly, departments would provide the details of Nodal Officers to SBI, who would coordinate with the department's field offices and SBI, besides organising training workshops.
He said that the DDO concerned would deposit the amount received from SBI through POS machines immediately in the state treasuries through e-GRAS (Government Receipts Accounts System) using net banking or through offline mode, as presently in practice.
The Finance Minister said that the departments were required to enter into separate agreements with SBI for opening of bank accounts, and for installation and maintenance of POS machines.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
