GeM ties up with UCO Bank

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    The Government e- Marketplace recently signed two MoUs with Bank of Maharashtra and UCO Bank to offer a number of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the portal. Integration for payments and various banking services is one of the priorities for GeM towards the cherished goal of a paperless, contactless and cashless system. The MOU was signed by Mr. S Suresh Kumar, Additional CEO (GeM) and Mr. Anil Kumar, General Manager, UCO Bank and Mr. V D Kolhatkar, Field General Manager, Bank of Maharashtra.

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