The Odisha government's Directorate of Treasuries and Inspection and the State Bank of India have signed an MOU for integration of SBI e-Pay with cyber treasury.
The Odisha government’s Directorate of Treasuries and Inspection and the State Bank of India have signed an MOU for integration of SBI e-Pay with cyber treasury. The MoU is a landmark initiative by the state government to facilitate revenue collection from citizens through digital banking platform, an official said. The SBI e-Pay is the payment aggregator service wing of the bank which will facilitate on line payment of government dues by the customers of any public/ private sector banks by using the payment gateway of SBI. Any mode like debit card/ credit card/ mobile banking/ net banking facility provided by approximately 42 partner banks can be used by the users/ payers besides facility of cash deposit at any branch of SBI across the state. All revenue generating departments of the state government can integrate with this Gateway through state treasuries. Right now, industries and revenue department are integrated with this gateway for smooth collection of the state revenue, he said.
It will promote hassle free digital transaction and one noble initiative to enhance digital penetration by the state’s finance department and SBI, Bhubaneswar Circle, he said. The MoU has been signed by Bhabani Prasad Nanda, Director, Treasuries & Inspection and Goutam Roy, DGM, SBI on behalf of Odisha government and SBI respectively.