Banks, both public sector and private sector, have been asked to report all high-value transactions to the Election Commission till the by-election process for the Nanjangud Assembly constituency is completed. Cash deposits, transfers and withdrawals above Rs. 50,000 will be under scanner and transactions above Rs. 10 lakh will be scrutinised.
At a meeting of control officers of banks conducted by Deputy Commissioner D. Randeep, who is also the District Electoral Officer, at his office this morning, he told the officers that bank transactions across the district must be scanned and not just Nanjangud.
