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

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being absorbed on permanent basis, their salary is credited to desired bank accounts
through ECS. Cheques remaining uncollected for 90 days are cancelled after audit scrutiny
and the amount carried forward to next month’s stipend.
Change of Bank/Option of Bank for
receiving salary (Annexure C)
Any staff member who wish to change his/her existing bank due to change of
residence , Marriage or whatsoever reason, is required to submit Mandate form wherein
details viz. new Bank Name, Branch with address, A/c No. and 9 digit Bank/Branch Code
are filled in and required to be certified by new Bank. Alternatively, a copy of cancelled
cheque leaf may be enclosed in which case certification from concerned banks in respect of
S/B A/C number, bank code, branch code etc. is not necessary. Such forms are required to
be routed through Head of Department. All such forms received upto 10 th of a particular
month, are sent to EDP Department and their salary is sent to new Bank. Forms received
after 10 th of a month are included in next month’s salary programme. As per procedure
order Ref. No. SCs/ASCs(E&S)/38672/2004 dated 16.7.2005 staff members are permitted to
change Bank for salary purpose for any reasons twice a calendar year.
Consolidated Stamp Duty
In the month of September 2004, Govt. of India amended the stamp duty act due to
which revenue stamp is required to be affixed for transactions exceeding an amount of Rs.
5000/-. Due to this, the payment to Superintendent of Stamps has been reduced from Rs.
5,85,000 to Rs, 3,00,000 for 13 months’ period @ 23000 employees approx. per month ( as
only 23000 out of 43000 employees draw salary exceeding Rs. 5000/-). Every year in March
/ April, proposal is initiated for G.M.’s sanction and subsequently bill is prepared and
payment is made to Superintendent of Stamps.