The Telangana government is on high alert with deposit scams.It focuses on measures to be taken to prevent misuse of bank accounts of government departments and public sector undertakings.
Contrary to government directives, the Finance Ministry has issued guidelines to curb fraudulent withdrawals from deposits, making new accounts and making fixed deposits without permission.Issued orders relating to bank accounts and fixed deposits of government departments and public sector undertakings.
The Telangana government has made it clear in its guidelines that full details of all types of bank accounts should be immediately registered on the IFMIF portal and whether the accounts have government approval or not.The Ministry of Finance should keep the accounts in the banks empaneled by the government.Made it clear that government funds could not be deposited in fixed deposits without their permission.
All existing fixed deposit accounts should be thoroughly examined and kept as a single account in the empaneled bank.
It has directed the authorities to fully monitor the management of all types of accounts from time to time.The government has asked the Finance Ministry to submit all bank accounts and details of fixed deposits by March 10.