Para 10.13.7 — CAM

10.13.7 Payment Advice by AB/IA on PFMS: ABs/IAs would issue the ‘Payment Advice’ in PFMS against the receipt of ‘Assignment Advice’ from PAO. Only e-payments are to be made by the ABs/IAs. No cheques shall be allowed to be issued against the ‘Assignment Account’. Authorized Signatory of the ABs/IAs after ensuring the genuineness of expenditure with reference to the relevant 'Assignment Advice will digitally sign and issue the payment advice using PFMS. The payment advice will contain all the related details of the PAO and heads of accounts. Fund transfer to AB/IA’s commercial bank accounts are allowed only for the specified purposes authorized from time to time. ABs/IAs would ensure not to make any expenditure on or after 1st April against the assignment of previous year.