The Central Board of Secondary Education (CBSE) Tuesday introduced its determination to undertake a dependable fee mechanism for the administration and disbursement of varied funds by means of the Integrated Payment System (IPS)
The earlier course of utilized by CBSE included a number of handbook checks by the officers for funds. For examination duties, after performing checks, the CBSE used to distribute the cash to the centre superintendents, who would additional disburse the funds to the assorted functionaries. IPS would reduce quick the painstakingly lengthy course of.
The introduction of a normative fee system by means of the Integrated Payment System (IPS) permits for computerized calculations which eradicate the necessity for human intervention. After the submission of inspection experiences in case of inspection duties and obligation compilation certificates in case of examination duties or different such supporting paperwork, IPS permits for direct financial institution transfers of honorarium and TA/DA to the supposed payee.
This has been achieved by means of software program integration with the financial institution fee gateway. The system depends on self-declaration/certification and has significantly improved the convenience of enterprise such transactions.
The IPS additionally permits for computerized validation checks which not solely cut back the time taken to finish the fee course of but additionally reduces the potential of committing false transactions and non-genuine disbursements.
The options of the newly developed IPS are in consonance with the rules of Ease of Doing Business (EoDB) and Ease of Living (EoL), and has been applied efficiently for Affiliation Inspection Payment, Board and CTET examination obligation funds.