Para 13.1.4 — CAM

13.1.4 The banks have in turn designated FPBs and e-FPBs for reporting back on the government transactions within stipulated timeframe, for both physical as well as electronic transactions. The common interface platform between the PAO and the bank is the PFMS, operated under different assigned roles of the stake holders involved. The receipt and expenditure transactions including revenue transactions of CBIC and CBDT are consolidated in the Government accounts electronically (through PFMS). At the same time, the effect of these transactions made through the banking channels on the cash balance of the Government of India is reflected at the RBI, Central Accounts Section (CAS), Nagpur. The reconciliation of the cash balance of Government of India is done through the accounting information worked out by the office of CGA on the one side and the cash balance of Government worked out by the RBI. The RBI data includes information received from RBI’s own branches in Regional Offices and various accredited banks who settle the agency transactions done by those banks with RBI.