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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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