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LatestCorporate Compliance 13 September 2026

HRMS Payments via POSB Interface Updated Effective 29 July 2026

The Ministry of Youth has issued a revised accounting procedure for HRMS payments processed through the POSB interface, taking effect on 29 July 2026. The update clarifies how wages, salary and travelling allowance will be recorded, referencing Ref. No.NYKS/PERS and aligns with the new minimum wage regulations for India in 2026.

The Ministry of Youth announced a new accounting procedure for HRMS payments made through the POSB interface, effective 29 July 2026.

  • Wages/Salary and Travelling Allowance will now follow the revised guidelines.
  • Applies under Ref. No.NYKS/PERS and aligns with the 2026 minimum wage framework.

Read the full notice here.

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