Employees to have accounts in JK Bank only

Jammu: Finance Minister Haseeb Drabu Thursday instructed all government and semi-government employees in the state to open official accounts only in the J&K Bank.
An official handout issued here said the Minister has instructed officers and officials, including Drawing and Disbursing Officers, of the state government, corporations, public sector undertakings, and other development authorities to open their official accounts with the Bank.
“In a circular, the Finance Department has asked all the Drawing and Disbursing Officers of the state government, corporations, public sector undertakings, and other development authorities, who have bank accounts in other banks, to close these accounts immediately and transfer the balances along with accrued interest to the bank account to be opened by them in J&K Bank by or before 30th April 2015,” the handout said.