Kerala treasury to have a makeover similar to e-bank system

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Representational image | Photo: Mathrubhumi

Thiruvananthapuram: The treasury system of the state will be completely revamped and made equivalent to e-banking services. As a part of this, the online portal of the Treasury Savings Bank (TSB) will be converted to a wallet system to facilitate e-treasury transactions. The decision regarding this was taken by the Finance department and will be carried out in the next fiscal year. With this, treasury depositors will be able to carry out money transactions similar to online banking.

A plan for the modernisation of the treasury system has been prepared to ensure efficiency in fund utilisation. The department has decided to bring the reforms as part of the 60th anniversary celebrations of the treasury. With the e-wallet system, electricity, water bills and phone bills can be paid through the TSB account. All services provided by the treasury except cash-based transactions will be made available in the online mode.

The new treasury system will be equipped with a biometric system and will also introduce the use of OTP to ensure security.

Other reforms

  • Special mobile app for treasury
  • All pension records will be digitised through Keltron
  • As the first stage of starting door-to-door service, mustering of pensioners above 80 years will be done at their homes
  • Safety auditing in Integrated Financial Management System
  • Disaster recovery system to put a stop to cyberattacks
  • E-stamp portal

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