Payments to a handful of junior cricketers, about six of them, have been delayed after transactions didn’t go forward due to the higher restrict of Rs 50,000 on money deposits in ‘Jan Dhan’ accounts.
“All the age-group cricketers, who got awards at the BCCI Annual function were supposed to get Rs 1.5 lakh. Now for senior cricketers, the transfer of prize money happened immediately after January 11. But yes, as many as five times, the Rs 1.5 lakh transaction was declined for some of these (junior) players,” a BCCI apex council member instructed PTI on circumstances of anonymity.
Jan Dhan accounts are zero steadiness accounts which have been launched for the economically weaker to make banking extra accessible to them. “Once the the wire transfers were being repeatedly declined, we checked with our bankers. It was learnt that a lot of junior cricketers possessed Jan Dhan Accounts, where upper limit of deposit is Rs 50,000. That’s the reason the payments got declined,” he added.
It was learnt that BCCI then obtained in contact with their financial institution — Bank of Maharashtra — to contact all of the banks the place these gamers had their accounts and get the cost matter sorted.
The subject may be resolved by changing the ‘Jan Dhan’ accounts into financial savings accounts, for which there isn’t any cap on money deposits. “Actually, the match payment for junior cricketers is nominal. The U-16s get Rs 10,000 per match (Rs 2500 per day) and U-19s get Rs 40,000 (Rs 10,000 per day).
“So in regular instances, when match payment has been transferred to those accounts, there haven’t been any issues. Since the quantity this time was far more, this subject arose,” the official stated.
On the reported delay in funds because of Ranji Trophy gamers, he stated that even in regular instances, BCCI begins clearing the dues two months after the season will get over. “It’s been a traditional apply for years so far as Ranji Trophy funds are involved. After the season ends in March (barring IPL which can be a home tourney), state associations ship their record of gamers who have been in squad. Then our accounts division verifies the record and raises cost bill.
“In normal course, one part of payment (Duleep, Deodhar, Vijay Hazare and Mushtaq Ali) is done before start of Ranji Trophy and other after the end of the season. Obviously, with our offices shut and employees working from home, clearances are taking some time,” he defined.
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