Banks told to keep eye on suspicious transactions above Rs.1 lac
Ferozepur, January 24, 2022: To prevent the illegal use of money in the election, the district administration has asked banks to notify them about suspicious transactions done during the election period.
District Election Officer (DEO), Girish Dayalan has issued instructions to all public and private banks to monitor suspicious transactions. During a meeting with the managers of the district banks, the DEO directed the officers to monitor the daily cash withdrawals and deposits of more than Rs.1 lac.
He said that during the election process, RTGS withdrawn from the bank accounts in the district must also be closely monitored. He also directed to monitor the extraordinary transfers adding the transactions by the candidates and their spouses or any relatives, which exceed Rs.one lac, must also be looked into.
He said that during the election process, all kinds of suspicious transactions which could be used to bribe the voters should be monitored closely and share the daily suspicious transactions with the District Election Officer.
The bank managers were also directed that the cash van driver/ cashier person who carries the cash should have all records of cash and also a certificate issued by the authorized person that is delivered to any bank. If it finds that the cash van driver/ cashier person has no certificate regarding the cash, then the cash will be bound and also this information regarding this will be given to Income Tax Department.