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- Current Account GeM Pool Account
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Overview
Government e-Marketplace is a one-stop solution for procurement of goods and services required by various co-operative societies/banks, government departments/organisations, PSUs and States/UT’s with the aim to enhance transparency,
efficiency and speed in public procurement.
GeM Pool Account (GPA) is a special purpose account opened, operated and controlled by each government agency/department for the purpose of crediting the projected
value of the contract/supply order into the account and subsequently making timely payments to suppliers on successful supply of goods and services
Access to 4400+ branches 17000+ ATMs for banking services
Anytime, Anywhere banking with Internet/Mobile Banking
Enhanced ATM Cash withdrawal & shopping limits
Suite of Debit Cards, CMS and Trade-Forex solutions
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Features & Benefits
- Axis Bank has partnered with Government e-Marketplace (GeM) for providing banking solutions to all the entities for e-Procurements. These banking solutions includes Specialised Current Account/Savings Account with API integrated payment solutions through GeM portal.
- Complete automated process for disbursement of funds to vendors on timely basis post request from GeM.
- Amount refunded to the source account in case of any order cancellation.
Important Links
Open Access Blog
5 different types of Current Accounts you must know
Current Account types vary based on features, requirements, and benefits offered by them...
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