Administration Manual - B.E.S.T. Undertaking.

Department.
SALARY SECTION
Payment of salary to the entire staff of the Undertaking is a key function of Cash
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At present salary to entire staff of the Undertaking is paid through ECS viz. Electronic
Clearing Service. For this purpose, as required by RBI authorities, Bank Of India, Electric
House Branch has been appointed as our Sponser Bank and CD A/c No. 9175 is opened
with them.
PROCEDURE FOLLOWED FOR SALARY PAYMENT THROUGH ECS SYSTEM :-
As per the agreement entered into with the Unions, under economy measure, one of
the items was disbursement of salary to staff through Bank. The matter was therefore taken
up with our Banker viz. State Bank Of India, who informed us to take up the issue with
Reserve Bank Of India authorities under Electronic Clearing Service ( ECS). Thereafter,
prolonged correspondence was made with RBI. In August/September 1998, the Manager of
National Clearing Cell of RBI informed all the Banks of their intention to cover salary
payment under ECS. However, as a pre-condition, the RBI authorities intimated to cover
only those Institutions where the mode of payment of salary was by cheques, as this would
go a long way in reducing the number of cheques sent for clearance i.e. reduce the pressure
in the National Clearing Cell. In view of this, from March/April 1999, as a first step, we
started issuing cheques to individual staff covered under the administrative payment
towards salary. Under phase I adhoc amount of Rs.100/- was credited on trial, under ECS
and from April 2000 onwards the entire amount of salary was sent through ECS. Under
phase II, from August 2000, we started issuing salary cheques to individual employees
covered under the Engineering payment. After sending a adhoc amount of Rs. 200/- in