BBMP to shut 291 bank accounts as Greater Bengaluru Authority takes over

With the transition to the Greater Bengaluru Authority, BBMP has begun closing 291 of its bank accounts, including those of schools, hospitals, and zonal offices.

In a significant move marking the transition from the BBMP to the Greater Bengaluru Authority (GBA), the civic body has begun the process of shutting down 291 bank accounts. From today, no funds can be withdrawn from BBMP accounts, although deposits will still be accepted until the new system is fully functional.

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According to the Urban Development Department’s official order, fresh bank accounts will be opened under the GBA framework, after which funds from BBMP’s existing accounts will be transferred. Once the transfer is completed, the old accounts will be rendered inactive.

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The breakdown of these accounts highlights the scale of the restructuring: 86 accounts at the BBMP head office, 37 zonal DCF accounts, 66 executive engineer-level accounts, 73 accounts of schools and colleges, and 29 from hospitals.

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Officials clarified that while deposits can still be made into BBMP’s current accounts, no withdrawals are permitted without government approval. This move is expected to streamline financial operations and align the city’s administration with the newly established GBA system.

The closure of such a vast number of accounts signals the end of BBMP’s long-standing financial autonomy, paving the way for a new era in Bengaluru’s civic governance.

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BBMP is set to close 291 bank accounts following the rollout of the Greater Bengaluru Authority. New accounts under GBA will handle funds, marking a major financial shift in the city’s administration.