Stipend Disbursement
In order to manage disbursement of monthly stipend to training program beneficiariesthrough credit of their Assan Accounts, the M/o IPC has already opened Assignment
account 123456-7 titled Prime Minister's Youth Training Scheme with NBP Main Branch
Islamabad ( Branch Code 0341). The given Standard Operating Procedure (SOP) has
been devised to administer disbursement of monthly stipends:
1. On or before 26'" of every month, the M/o IPC, NIP di deliver the Cheque for
appropriation from Assignment Account to Mam Branch Islamabad along with
disbursement lie in excel format containing account number of eligible
Students/intense to whom st spend is payable.
2. Upon receipt of instructions from PMYTS Support team of Payment Service & e-
Banking Division / IPC, NIP. Main Branch Islamabad will process the
disbursement file through standard Salary Posting Utility and share the log report
with PS & e-Banking Division Support team at CRBG. Head Office.
3. As s result of given activity. this system will debit The Assignment Account and will
credit the beneficiaries account.
4. PS & e-Banking Division Support team will share the same with M/o. IPC for their
record purpose and as a confirmation that payments have been made to eligible
students / Internees.
PROCESS FLOW DIAGRAM
For easy understanding of the workflow, end steps involved in completing account openingand disbursement transaction, the supporting Process Flow Diagram are annexed to this
Circle as Annexure A & B.
Note:
Flow Chart for Understanding Completely Process.
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