The Synthetic & Rayon Textiles Export Promotion Council

Opening of Bank Account by Textile Workers

Circular No.ES/209/2016-17                                                              December 3, 2016   

To: Members of the Council

Sub : Opening of Bank Account by Textile Workers

 

The Council has received a communiqué from the Ministry of Textiles requesting the Council to inform our Members having textile units to open bank accounts for their employees on a “priority basis” for receiving their wages through the banking system.

You may be aware that the first impact of demonetization has been largely affected to the workers of our Indian textile Industry. Textile Units have been facing the difficulty in paying salaries / wages to their employees / workers due to restriction on cash withdrawals.

The government has asked textile units to facilitate, on a “priority basis”, opening of bank accounts for their employees in order to ensure payment of wages through bank transfer mode.

You may also be aware that the textile sector is the second largest employment provider in the country.

In view of the above we advise our members to sensitize your workers / employees to open bank accounts to facilitate salary/wages. They should also be advised that their salaries / wages will be credited directly to their bank accounts. To achieve this, you are advised to hold camps for your workers / employees and educate them regarding the procedures to be followed to open bank accounts.

Please send us details of action taken in this regard as per format given below on a daily basis: 

Daily report on camps organized to open Bank Accounts and go Cashless

Date of Report: ____________________

S.No.

Name of the organization/ association

Date of camp

Location of camp

No of bank accounts opened

Cumulative upto______________

Total no. of camps held

Total no. of accounts opened

Please send the above report by email on the email IDs es@srtepc.in.

In case, all your employees / workers already have a bank account, please send us a confirmation in the following format:

Sr. No.

Name of the unit

Total number of workers / employees

Total number of workers /employees having bank accounts  

Total number of workers /employees without bank accounts

Members may kindly make note of the same. In case you face any difficulty in operating the above system you may inform us accordingly.

Thanking you,                       

V. ANIL KUMAR
EXECUTIVE DIRECTOR