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- Current Account GeM Pool Account
- How it works?
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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How it works?
- Account validation- This service would be used to validate the Account details registered by the Buyer on GeM portal
- DDO Mapping- This service would be used to map the DDO code with the GPA account and to generate the virtual account for each DDO
- Challan Generation- This service would be used to generate the challan by the Buyer to fund the GPA account.
- Challan Model - This service would be used to enquire on the successful credit of funds in GeM Pool account as per the challan generated by Buyer.
- Non-Challan Model: This service would be used to enquire on the available funds in GeM Pool account.
- Fund Blocking/Unblocking - This service would be used to block or unblock the funds in the GeM Pool account of the Buyer
- Payment Instructions- This service would be used to initiate the payment to the supplier from the blocked funds in the GeM Pool account
- Payment Status- This service would be used to enquire on the status of the payment initiated by the Buyer.
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