Kerala government departments told to avoid end-of-fiscal rush to clear bills, cheques

With the 2025-26 fiscal twelvemonth drafting to a close, the Finance section has directed authorities departments to contiguous bills, cheques, and challans to treasuries the latest by 5 p.m. connected March 24.

This is meant to debar last-minute unreserved and the consequent hassles, according to the Finance department. Drawing and disbursing officers of departments and institutions thin to contiguous “large numbers of bills, cheques and challans (either for encashment oregon for adjustment) to the treasuries towards the extremity of the fiscal twelvemonth truthful arsenic to debar the Budget proviso from lapsing. But this leads to difficulties successful scrutinising them decently and completing enactment connected clip earlier the adjacent of the fiscal,” K.R. Jyothilal, Additional Chief Secretary (Finance), said successful a March 15 circular.

“Any treasury instrumentality submitted aft the clip bounds (5 p.m. connected March 24) volition not beryllium accepted. The clip bounds volition not beryllium applicable for challan remittances,” the Finance section said successful a acceptable of guidelines issued connected the matter.

Since banks and treasuries person switched implicit to computer-based systems, banking transactions connected the past moving time of the existent fiscal twelvemonth (March 31) volition person to extremity astatine the latest by midnight connected the aforesaid day. This means that the treasuries volition not beryllium capable to walk bills presented aft the prescribed clip “under immoderate circumstances,” the guidelines note.