The Punjab Education Foundation (PEF) has issued an important official circular (No. PEF/CIR/06-2026/562) regarding the implementation of a Banking Account System for the salary payments of teachers and staff working in PEF partner schools across Punjab.
The initiative aims to ensure transparent, secure, and documented salary disbursement, protecting the rights of teachers and improving financial accountability within partner institutions.
Key Highlights
- All teachers and staff members must have their salaries transferred through individual bank accounts.
- Existing employee records available in the Teacher Information System (TIS) will be verified.
- Bank account details will be linked with JS Bank during the verification process.
- Schools must ensure that teachers complete biometric thumb verification where required.
- Employee information available in the School Information System (SIS) should be updated and verified.
- Newly appointed teachers and staff must complete bank account registration before salary processing.
- Schools are directed to cooperate fully during the verification and account opening process.
- Any incorrect or incomplete information may delay salary payments.
- School administrations are responsible for maintaining updated employee records.
- Partner schools must comply with the instructions issued by PEF to avoid administrative issues.
Why This Initiative Matters
The banking system will:
- Improve transparency in salary payments.
- Protect teachers’ financial rights.
- Reduce payment delays.
- Maintain proper salary records.
- Strengthen financial governance in PEF partner schools.
PEF has advised all partner schools to complete the required formalities within the prescribed timelines to ensure uninterrupted salary payments.