In GO (P) No.658/10/Fin dated 03/12/2010 Government have introduced the system of disbursement of salaries and entitlements of all Self Drawing Officers in the State through Treasury Savings Bank accounts with effect from 01/01/2011. The system envisages processing and transfer crediting of monthly salaries and other personal entitlements of all Self Drawing Officers to the Treasury Savings Bank accounts to be opened in the name of the officers concerned and its subsequent withdrawal by way of cheques according to their convenience.
TSB accounts will be opened for all Self Drawing Officers, by the Treasury Officers concerned, without formal application from the officer concerned, in relaxation of the provisions under Rule 10 and 11 of Appendix 3 of the KTC Volume II.
Six months time will be allowed to obtain formal application and declaration as contemplated in Rules. A letter of undertaking enabling adjustments/ recovery of excess amount to the TSB account, if any credited, will be obtained from each such account holder within a period of six months. Such account holders will be allowed six month’s time for filing nominations as per the Treasury Savings Bank Rules.
The minimum balance to be kept in such TSB accounts will stand reduced from 500 to 100 with the facility of issuing cheques.