All transactions above Rs5000 to be made via e-payments: Finance ministry1 min read . Updated: 05 Dec 2016, 07:29 PM IST
The finance ministry's diktat is in line with its efforts to promote digital payments in the country
New Delhi: All payments by the government exceeding Rs5000 to suppliers and contractors will now be made electronically, the finance ministry has mandated, in a circular dated 5 December.
Earlier, the limit was Rs10,000.
The finance ministry’s diktat is in line with its efforts to promote digital payments in the country. As a first step, it is encouraging government departments and government officials to use digital means for their payments.