Mysore/Mysuru: With the Model Code of Conduct in force for the Lok Sabha elections, the Election Commission of India (ECI) has directed Banks (both public and private sector), financial institutions and other financial establishments to keep a tab on all cash transactions (credit and debit) above Rs. 50,000, to ensure free and fair polls.
Acting on the ECI guidelines, the Banks and financial institutions have kept a watch on cheque remittances and collections beyond Rs. 50,000, DD purchase, Savings Bank, joint accounts etc., on deposits or withdrawal of more than Rs.50,000.
