Kerala integrates RTGS e-Payment facility for e-Procurement

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Trivandrum: In-order to bring in more efficiency and multiple payment options to the e-Procurement / e-Tendering system, the Government of Kerala has introduced the Real Time Gross Settlement (RTGS) facility for e-Payment.

The RTGS payment mode for online payment of EMD and Tender fee for e-Tendering was inaugurated by the Minister for Industries & IT, Shri P K Kunhalikutty, earlier this week.

The mode is available from August 15, 2014. Henceforth, bidders can utilize this facility and make the online fund transfer of tender fee and EMD via RTGS. The e-Payment module was integrated to the e-procurement project of Government of Kerala on April 17, 2013 where earlier, only two modes of fund transfer were enabled – NEFT and Internet Banking.

RTGS is a mode of fund transfer of RBI. The funds transferred through RTGS will be credited on a real time basis within a time span of 30-40 minutes. The minimum amount to be remitted through RTGS is Rs. 2 lakh. There is no upper ceiling for an RTGS transaction.

With the roll out of this facility, the Government will benefits from real time fund receipt in Government pool account, increased participation resulting in more competition and effective pricing.

Bidders will also benefit from real time payment settlement, faster method of fund transfer and all transactions above Rs. 2 lakhs can be done through RTGS.

As of now, 13,500 tenders worth Rs. 12,700 crores have been processed through the e-Procurement portal since its roll out in December 2011. There are 42 Government organizations and 86 Government Public Sector Undertakings doing transactions online. Approximately Rs. 177 crores of funds have been received through Internet banking and Rs. 82 crores funds received through NEFT.

The Kerala State IT Mission (KSITM) is also making efforts to integrate more banks for providing multiple payment options. For effective implementation of the e-Procurement project, besides Thiruvananthapuram and Ernakulam e-Procurement support centres, KSITM has established a support centre at Kannur which would be operational shortly. Another centre is being planned at Malappuram for supporting the users in the northern region of Kerala.

Kerala IT News

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