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Banking > Advanced Banking > Government Business

Earlier Government business used to be exclusively carried out by Governement Treasuries where all type of transactions took place. However, now Banks act on behalf of the Government to accept its tax and non tax receipts. Most of the Government disbursements like pension payments and tax refunds also take place through banks. While the Banks carry out this business for a fee to be paid by the Government, providing this service requires a lot of effort and organisation. The Banks must provide:

  • Interface with the public

  • Liaison with local government departments and government treasury

  • Arrangement for reconciliation with the Government Accounts Department

  • Necessary infrastructure, stationery etc. to cater to the numbers


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