Keep Rs 5 cr cash ready to pay our staff: LS, RS Secretariats to bank

November 20, 2016 09:02

The Lok Sabha Secretariat and Rajya Sabha Secretariat have asked the State Bank of Indias Parliament Annexe branch to make available Rs 5 crore by November 21, so that they can pay advance salaries in cash to their staff.

The SBI branch manager, Sudhir Malhotra, has sought the Reserve Bank of Indias guidance.

Confirming this, Malhotra told The Sunday Express: We received requests from the Lok Sabha and Rajya Sabha offices on Friday, to arrange Rs 5 crore in cash by Monday (November 21) so that they can give Rs 10,000 as advance salary to their staffers I have sent the requisition to my senior authority and also sought RBIs guidance, as there are standard norms about paying Rs 24,000 to a savings bank account holder and Rs 50,000 to a current account holder."

Malhotra said all Parliament employees normally get their salaries in their accounts, and no cash requests from the secretariats had been received in the past.

About 4,000 Parliament employees have salary accounts in the SBI branch.

The Lok Sabha and Rajya Sabha Secretariats could have just asked the branch to transfer the advance salary amount to their staffers accounts . They may be asking for cash to save their employees from the inconvenience being faced by others, said a senior SBI officer

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