Raipur district magistrate and collector Thakur Ram Singh on Monday held a meeting with bank officers and informed them that all candidates contesting the ensuing lok Sabha election need to provide their financial details to the bank.
On the directives of the Election Commission of India, all the candidates contesting the election must need to open accounts with the banks. All election related expenses would be done through these banks accounts only, the collector said. He stated that necessary directions have already been issued in this regard.
He said it has become mandatory for a candidate to submit his nomination papers along with bank account details. He also asked the bank officers to open special counters in the respective prominent branches for the benefit of the candidates.
He also urged them to ensure that candidates do not face trouble while depositing or withdrawing money in their accounts. They need to open the accounts in the name of the candidates or their nominees.
The candidates also need to provide the bank accounts detail of their relatives, he said.The banks need to inform the district election office every day if there was a transaction of over one lakh rupees by a candidate at a time or by his relatives or nominees.
The banks also need to keep a watch on real time gross settlements. In such cases the bank need to keep information of the account which received the payment. In case there was a transaction of at least ten lakh rupees or more in any of the election related account, the banks not only need to inform the district election officer, but also they need to provide the intimate the income tax department, he said.
Besides he also told the bank officers to keep a watch on accounts without any financial transaction in the last two-three months but suddenly there was a flow of huge amount of money.