NEWS & ADVICE : FIXED DEPOSITS
All panchayats to have one-day-per-week bank in Jharkhand
By Neelima Shankar
Oct 26, 2010
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Jharkhand will now have one day per week bank branch in every panchayat of the state. It has received approval from Reserve Bank of India in this regard.

With the implementation of this process, beneficiaries under MGNREGA and money under social security schemes will be able to draw their wages through these weekly banks, said a senior official of a bank.

"The RBI has agreed to our request that banks should make efforts to open at least one-day-per-week branches in panchayats so that withdrawing wages under MGNREGA, (money under) social security and scholarships will be easier," Chief Secretary A K Singh said.

Singh also said that of the total 4,400 panchayats around 2000 panchayats have their buildings already constructed.

"Jharkhand will be one of those states where all panchayats will have panchayat secretariat," Singh said.


 


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