Chandigarh Administration issues advisory to public and private banks during curfew for Corona Virus
Complete Advisory for banks during curfew
No. F&PO/PEO/SOP/2020-_^|- \o CHANDIGARH ADMINISTRATION FINANCE DEPARTMENT
Dated, Chandigarh the 29.3.2020
The Deputy Commissioner, U.T., Chandigarh.
Subject:- Advisory regarding functioning of Branches and Banking Correspondents despite Disruption on account of Corona Virus.
In continuation to this Administration letter bearing no. F&PO/PEO/SOP/2020-Spl.1 dated 24.3.2020; F&PO/PEO/SOP/2020-Spl.7 dated 25.3.2020 and F&PO/PEO/SOP/2020/351 dated 27.3.2020, it is intimated that the Department of Financial Services, Ministry of Finance, Govt, of India vide its letter No. 2/1/2020-BO.II dated 27th March, 2020 (copy enclosed) has issued an Advisory to the Banks regarding functioning of Bank Branches and Banking Correspondents despite disruption on account of Corona Virus wherein it has been reiterated that it is very crucial and critical to keeping banking channels open and that branches and BC function throughout the lockdown period so that people do not face any hassles or problems in their financial transaction. This is especially important in view of the Pradhan Mantri Garib Kalyan Package launched by the Government to ensure livelihood security of the poor and vulnerable, as a result of which the cash withdrawn requirement of many people would require to be met thorough branches and BC in a time bound manner. Such benefits can reach the beneficiaries only when the banking channel is operational.
Apart from this, also the Reserve Bank of India vide its letter no. DGBA.GBD.No.1799/42.01.029 dated March 27, 2020 has announced Special Measures for Annual Closing (2019-2020) of Government Accounts which have been enumerated as under :-
- All Government transactions done by agency banks for FY 2019-2020 must be accounted for within the same financial year;
- All agency banks should keep their designated branches open for over the counter transactions related to government transactions upto the normal working hours on March 31,2020 for which separate instructions will be issued;
- Transactions through RTGS will operate for extended time on March 31, 2020 for which separate instructions will be issued;
- Transactions through NEFT will continue upto 2400 hrs as hitherto on March 29, 2020;
- Special Clearing will be conducted for collection of government cheques on March 29, 2020 for which separate necessary instructions will be issued;
- Regarding reporting of Central and State Government transaction to RBI, including uploading of GST / e-receipts luggage files, the reporting window on March 29 2020 will
ir be extended and kept on till 1200 hours on April 1, 2020;
In the light of above facts and as suggested by the Chief Lead District Manager, Punjab National Bank, Sector-17, Chandigarh, it has been decided that
- All Bank Branches, Administrative Offices, Back Offices, shall be operational on 30th and 31st March, 2020 alongwith police personnel to maintain social distancing and managing crowd.
- The branches engaged in Treasury Business, Currency Chest, Banks holding Import / Export business, Regional Collection centres for cheques clearing, Cash in Transit/Cash replenishment agencies / IT and engineering support vendors for bank(s) shall be operational on daily basis as already advised vide advisory dated 24-3 & 25-3-2020;
- All ATM operations, BCs (banking correspondents) should be operational on daily basis as per advisory dated 27-03-2020;
- BCs/CSPs (customer service point) are very vital to ensure that all the facilities reach the needy people, poor beneficiaries and crowding is avoided to ensure desired social distancing in Banks. They will require support too from Police / administration;
- Enhanced Security around Banks / ATMs to ensure the staff is protected from instances arising out of crowding, delays and to maintain social distancing;
- As the staff of Banks is also residing in the nearby district of Punjab and Haryana, these members should also be allowed to enter the city with duty orders and ID cards of the Banks;
After 31st March, 2020, the bank branches mentioned in order no.
F&PO/PEO/SOP/2020-Spl. 1 dated 24.3.2020; F&PO/PEO/SOP/2020-Spl.7 dated 25.3.2020 and
F&PO/PEO/SOP/2020/351 dated 27.3.2020 will operate. In addition, the bank branches of State Bank
of India situated in PGI Campus, Sector-12, Chandigarh and GMCH-32 will operate on alternate days on
full day basis.
No. F&PO/PEO/SOP/2020-^PI- <1
A copy is forwarded to the following for information and necessary action:-
The Regional Director, Reserve Bank of India, Chandigarh.
The Chief Lead District Manager (LDM), Punjab National Bank, 3rd Floor, PNB House, Bank Square Building, Sector-17/B, Chandigarh with the request to coordinate with the Deputy Commissioner, U.T., Ch&ndigarh for further necessary action \\
No. F&PO/PEO/SOP/2020- ^ PL-
A copy is forwarded to the Senior Superintendent of Police (Law and Order), U.T., Chandigarh for information and necessary action.
- No. 12/1/2020-BO.II
Government of India
Ministry of Finance
Department of Financial Services
- Managing Directors & Chief Executive Officers (MDs & CEOs) of all Public Sector Banks (PSBs)
- MDs & CEOs of Private Sector Banks
- Chairman, Indian Banks’ Association
Subject: Advisory regarding Functioning of Branches and Banking Correspondents despite Disruption on account of Corona Virus
Dear Sir/ Madam,
This is with reference to the lockdown which is in effect across the country on account of the Corona Virus (COVID-19) pandemic. The Department of Financial Services (DFS) has been monitoring the status of functioning of bank branches and banking correspondents from day to day. While banks have been committed to serve the people in these difficult times, which is laudable and commendable, it is observed that on 27.03.2020, a total of 10,304 branches of Public Sector Banks (PSBs) and 3,447 branches of Private Sector Banks could not function, owing to various restrictions / orders of different State Governments such as curfew, permission to open branches in clusters, etc. Similarly, 68,189 BCs of PSBs and 16,852 BCs of Private Sector Banks could not function. The bank-wise details are enclosed.
- In this regard, I have been directed to highlight that it is very crucial and critical to keep banking channels open and make sure that branches and BCs function throughout the lockdown period, so that people do not face any hassles or problems in their financial transactions. This is especially important in view of the Pradhan Mantri Garib Kalyan Package launched by the Government to ensure livelihood security of the poor and vulnerable, as a result of which the cash withdrawal requirements of many people would require to be met through branches and BCs. Therefore, it is requested that:
- All PSBs kindly take all necessary steps, in coordination with the local District/ State administrations to ensure that branches / BCs are able to remain open and function.
- A field level officer of the rank of GM or above be designated by all PSBs in each region/ zone/ circle, etc so that coordination with local administrations becomes easier and any outstanding issues are addressed at the earliest.
- As regards private sector banks, IBA is requested to kindly monitor their branch and BC operations, so that the same function seamless1“
Status of Bank Branches and BCs Open and Functioning on 2711‘ March
|Name of Bank||Total Branches||Branches Open||Branches Closed|
|Public Sector Banks|
|Bank of Baroda||9,479||7,542||1,937|
|State Bank of India||22,029||20,228||1,801|
|Punjab National Bank||6,618||5,616||1,002|
|Bank of India||5,089||4,158||931|
|Punjab and Sind Bank||1,525||867||658|
|Oriental Bank of Commerce||2,370||1,892||478|
|Central Bank of India||4,651||4,212||439|
|Union Bank of India||4,281||3,889||392|
|United Bank of India||2,013||1,656||357|
|Indian Overseas Bank||3,270||2,939||331|
|Bank of Maharashtra||1,833||1,789||44|
|Private Sector Banks|
|Kotak Mahindra Bank||1,585||1,406||179|
|Jammu and Kashmir Bank||965||883||82|
|IDFC First Bank||460||433||27|
|Tamil Nadu Mercantile Bank||509||484||25|
|Catholic Syrian Bank||411||395||16|
|South Indian Bank||872||868||4|
|Lakshmi Vilas Bank||566||563||3|
|Name of Bank||Total BCs||BCs Open||BCs Closed|
|Public Sector E||Banks|
|State Bank of India||61,334||28,930||32,404|
|Bank of Baroda||18,110||6,865||11,245|
|Bank of India||7,591||3,043||4,548|
|Punjab National Bank||7,443||3,206||4,237|
|Central Bank of India||6,387||3,769||2,618|
|Union Bank of India||5,700||4,054||1,646|
|Indian Overseas Bank||2,795||1,336||1,459|
|United Bank of India||3,772||2,562||1,210|
|Oriental Bank of Commerce||1,270||818||452|
|Bank of Maharashtra||2,974||2,705||269|
|Punjab and Sind Bank||353||353||0|
|Private Sector Banks|
|IDFC First Bank||11,205||3,009||8,196|
|Jammu and Kashmir Bank||985||215||770|
|Equitas Small Finance Bank||242||45||197|
|Lakshmi Vilas Bank||109||32||77|