भारत सरकार | रक्षा मंत्रालय | GOVERNMENT OF INDIA | MINISTRY OF DEFENCE |
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Accounting System
CASH MANAGEMENT PRODUCT (CMP)
In order to bring about uniformity in e-payments made across various offices of the DAD, it has been decided to implement the Cash Management Product(CMP) of SBI in Defence Accounts Department.
2. SBI is the accredited bank in all non-Civil Ministries/Departments and SBI-CMP Branch, Mumbai is authorized as e-Focal Point Branch(FBP) in Civil Ministries/Departments vide CGA OM No-S-11012/e-payment/6/2012 dated 07/08/2012 has decided that SBI CMP Branch, Mumbai will also act as e-FPB for e-payments in Defence.
3. SBI has customized its Cash Management Product (CMP) for the Defence Accounts Department for making e-payment through a secured payment gateway. Towards this, SBI has developed a portal which will function as payment gateway for Defence payments with payment advice authenticated by digital signature.
The salient features of CMP are:
• CMP Centre will act as link as well as e-Focal Point Branch(FPB) for e-payment to the beneficiaries through NECS/NEFT/RTGS etc. Payment files, in a prescribed format, will be routed by Account Officers (AO) to CMP portal for effecting e- payments. The CMP Centre would be the one point contact for defence payments.
• The system involves hosting of a secured web-portal which will work as a Payment Gateway. There will be a uniform and approved process across the country with a stricter Tum Around Time (TAT). Payment files will be processed on the same day.
• The system involves hosting of a secured web-portal which will work as a Payment Gateway. There will be a uniform and approved process across the country with a stricter Tum Around Time (TAT). Payment files will be processed on the same day.
• The system involves hosting of a secured web-portal which will work as a Payment Gateway. There will be a uniform and approved process across the country with a stricter Tum Around Time (TAT). Payment files will be processed on the same day.
• Settlement of Fund with RBI CAS Nagpur based on mandate without any physical instrument. Reimbursement of Funds is claimed from RBI only for and after the payment is effected.
• Daily updation of paid or unpaid data by CMP to all the Accounts Offices on the portal for online reconciliation of payments done on daily basis supported by payment scrolls.
• Accurate reporting mechanism of transactions and accounts. Scrolls uploaded on the Portal contain full history of the transaction including payment reference number, date of payment and date of settlement with RBI.
• Centralized monitoring of Turn Around Time and effective control of Defence Accounts.
• As processing of files, payment to beneficiaries, capturing of payment reference number, settlement of fund with RBI and uploading of scrolls is an automated process, scaling up of the operations will not affect the process flow and the Turn Around Time.
2. SBI is the accredited bank in all non-Civil Ministries/Departments and SBI-CMP Branch, Mumbai is authorized as e-Focal Point Branch(FBP) in Civil Ministries/Departments vide CGA OM No-S-11012/e-payment/6/2012 dated 07/08/2012 has decided that SBI CMP Branch, Mumbai will also act as e-FPB for e-payments in Defence.
3. SBI has customized its Cash Management Product (CMP) for the Defence Accounts Department for making e-payment through a secured payment gateway. Towards this, SBI has developed a portal which will function as payment gateway for Defence payments with payment advice authenticated by digital signature.
The salient features of CMP are:
• CMP Centre will act as link as well as e-Focal Point Branch(FPB) for e-payment to the beneficiaries through NECS/NEFT/RTGS etc. Payment files, in a prescribed format, will be routed by Account Officers (AO) to CMP portal for effecting e- payments. The CMP Centre would be the one point contact for defence payments.
• The system involves hosting of a secured web-portal which will work as a Payment Gateway. There will be a uniform and approved process across the country with a stricter Tum Around Time (TAT). Payment files will be processed on the same day.
• The system involves hosting of a secured web-portal which will work as a Payment Gateway. There will be a uniform and approved process across the country with a stricter Tum Around Time (TAT). Payment files will be processed on the same day.
• The system involves hosting of a secured web-portal which will work as a Payment Gateway. There will be a uniform and approved process across the country with a stricter Tum Around Time (TAT). Payment files will be processed on the same day.
• Settlement of Fund with RBI CAS Nagpur based on mandate without any physical instrument. Reimbursement of Funds is claimed from RBI only for and after the payment is effected.
• Daily updation of paid or unpaid data by CMP to all the Accounts Offices on the portal for online reconciliation of payments done on daily basis supported by payment scrolls.
• Accurate reporting mechanism of transactions and accounts. Scrolls uploaded on the Portal contain full history of the transaction including payment reference number, date of payment and date of settlement with RBI.
• Centralized monitoring of Turn Around Time and effective control of Defence Accounts.
• As processing of files, payment to beneficiaries, capturing of payment reference number, settlement of fund with RBI and uploading of scrolls is an automated process, scaling up of the operations will not affect the process flow and the Turn Around Time.
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