MIDHANI FACILITATES SPEEDY PAYMENT TO ITS VENDORS
With a view to arrange Speedy receipt of Payments by Vendors for the Supplies of Material, Equipment & Services made to MIDHANI against Purchase Orders/Work Orders/Contracts placed, MIDHANI is implementing the Electronic Payment System (Real Time Gross Settlement / National Electronic Fund Transfer) from10.08.2011, instead of the present system of making payments by Cheques. The Electronic Payment System will enable all the Vendors to receive the payments directly to the Credit of their accounts. All Vendors, Suppliers and Contractors are requested to furnish following details to DGM(Pur.), MIDHANI
1. Name of the Bank
2. Name of the Branch
3. Address of the Bank
4. Mode of Payment RTGS/NEFT
5. Bank's MICR code
6. Beneficiary's Bank Branch IFCS Code
7. Beneficiary's Account type (Current account \ Saving Account)
8. Beneficiary's Account Name
9. Beneficiary's Contact Name
Note : MIDHANI Payments will be made through RTGS only.
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Last Updated and Reviewed on 12-08-2017