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IFMS (Integrated Financial Management System)

Integrated Financial Management System (IFMS) is one of the prestigious Projects of Government of Kerala undertaken by Finance Department and Treasury Department. IFMS Kerala has been conceived in-line with the Modernization of Treasury Systems, which is one of the MMPs of Government of India. IFMS envisages end-to-end integration system among various stakeholders such as Finance Department, Treasury Department, Administrative and Line Departments, Accountant General, RBI and Banks. 

The following are the major Application modules in the IFMS Project

  1. e-Treasury – Receipt Management System
  2. Core Treasury Savings Bank (TSB)
  3. Budget Allocation and Monitoring System (BAMS)
  4. Bill Information and Management System (BiMS)
  5. Pensioner’s Information and Management System (PIMS)
  6. CoreTIS – Core Treasury Information System
  7. CRA for e-Stamping and Stamp Management System
  8. Vendor Information and Management System (ViMS)
  9. Integrated Accounts Management System (iAMS)
  10. User Management and Administration System (UMAS)

NIC Kerala has developed and implemented various Application Modules in the IFMS Project. As part of the IFMS project, smooth and successful integration has been achieved with various stakeholder Applications such as SPARK (HR Management System), EMLI (Effective Management of LoC Issuances), GAINPF (Government Aided Institution’s PF), Billing System of Local Self Government Institutions, VLC System of Accountant General, e-Kuber of RBI, PlanSpace of  State Planning Board, PFMS, Jeevan Pramaan, LIC, SLI, PLI etc.  

Core Treasury Savings Bank 

Integrated Financial Management System (IFMS) is one of the prestigious Projects of Government of Kerala undertaken by Finance Department and Treasury Department. IFMS Kerala has been conceived in-line with the Modernization of Treasury Systems, which is one of the MMPs of Government of India. IFMS envisages end-to-end integration system among various stakeholders such as Finance Department, Treasury Department, Administrative and Line Departments, Accountant General, RBI and Banks.

Treasury Savings Bank (TSB) is a unique savings bank system of Government of Kerala. The TSB has various types of Accounts such as Savings Bank Accounts, Pensioner’s Savings Account, Treasury Fixed Deposit, Treasury Security Accounts, Treasury Public Accounts etc. Government Officials, Pensioners, Institutions and Public can open and operate Treasury Savings Bank Accounts. 

NIC Kerala has developed a Core Banking Solution (CBS) for Treasury Savings Bank (TSB), which enables Customers to operate their accounts and avail banking services from any branch of the Treasuries in Kerala. All the 222 Treasury branches have been enabled under  CBS network. The CBS for TSB is one of major modules of IFMS Project. 

As part of the IFMS, Government of Kerala has enabled online submission of Salary bills of Government employees and vendor payment bills for contractors and various beneficiaries. Salary and Pension payments are credited to either Treasury Savings Bank Accounts or Bank Accounts. The vendor payments can be credited to their bank accounts in any Nationalized Banks in India. This has been achieved with the successful integration of e-Kuber of RBI. Government of Kerala has already enabled e-Treasury for any remittance to Government through e-Payment gateway. This has also been integrated with e-Kuber of RBI for automatic reconciliation of accounts. 

Highlights of the Core Banking System

  • Customers with KYC
  • All existing Customers migrated to new 15 digit unique Account Number  
  • Debit and Credit  possible from any Treasury branch
  • Inter branch transfer of accounts and amounts
  • Facility to transfer amount from TSB to any Nationalized Bank Account using Standing Instruction based on fixed amount or percentage of closing balance or percentage of current month balance
  • Facility to transfer amount between Treasury accounts at any time
  • Fund transfer can be scheduled between any Treasury Account and to Bank Account
  • Customers to have net banking facility to their TSB Accounts
  • Customers to have Utility payment facility
  • Provision to know available Balance
  • Online Passbook for Savings Bank and Fixed Deposit (FD) Accounts
  • SMS Alerts on all Credit and Debits
  • SMS Alerts on Maturity and Interest due on FD Accounts
  • Government intends to open TSB accounts to its 5 lakh employees and credit their salary and allowances to TSB accounts