Ministry of Finance on Nevis Informs of Changes in Processing NIA Payments Effective August 21
The Ministry of Finance on Nevis has issued a statement regarding changes in the processing of payments by the Nevis Island Administration through the treasury department. The statement said this would also include changes in the procedure for payment of government salaries, wages and pensions as well.
It said these payments will be processed through an electronic fund transfer system, operated through the commercial banks rather than the manual procedure previously practised where the treasury department would send manual payment listings to the various banks.
This new system now requires the treasury department to upload the payment instructions including salary and wages and pensions onto the payment portal which then routes the payment to the relevant bank for deposit to the accounts of civil servants, pensioners and other suppliers.
The new system will be used for the first time on Tuesday, August 21.
The ministry of finance on Nevis said that it is likely that there may be some delays in the posting of salaries to the various accounts, especially for persons who normally access their salary online or at the ATM.
In the event that you experience any difficulty with your payment on that day, you are asked to immediately contact the treasury department or your bank for assistance.