EC issues directions to banks in Chandigarh

| | Chandigarh
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EC issues directions to banks in Chandigarh

Friday, 29 March 2019 | PNS | Chandigarh

The representatives of various banks in the union territory of Chandigarh have been directed to keep a strict vigil on the election-related expenditure by the candidates and political parties during the Lok Sabha Elections 2019 as per the guidelines of the Election Commission of India.
A meeting was held here on Thursday under the chairmanship of Deputy Commissioner-cum-District Electoral Officer, Mandip Singh Brar with the representatives of various banks in the city to discuss the implementation of guidelines contained in the compendium of instructions on election expenditure and standard operating procedure for transportation of cash by ATM vans.
During the meeting, the banks were asked to report unusual and suspicious cash withdrawals or deposit of cash exceeding Rs 1 lakh during the process of election, unusual transfer of amount by RTGS to the account of several persons without any precedent of such transfer, or suspicious transactions which might be used to bribe the electors during the election process.
The representatives were also informed about the proper implementation of the standard operating procedure for transportation of cash by ATM vans. Directions were given to ensure that the cash vans of outsourced agencies or companies carrying the bank's cash shall not, under any circumstances, carry cash of any third party agencies or individuals except the bank.
The outsourced companies shall carry letters or documents including the authorization letters and also the personnel of the outsourced agencies accompanying cash van shall carry identity cards issued by the respective agencies, the banks were told. The district electoral officer also directed the banks to open hassle-free bank accounts for the candidates who have filled their nomination papers and set up special counters for them.

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