Para 13.1.6 — CAM

13.1.6 The Minor Heads '108-Public Sector Bank Suspense’ and ‘138-Other Nominated Banks (Private Sector Banks) Suspense' below Major Head 8658-Suspense Account in accounts exhibit the difference between amounts of Central Government (Civil) transactions occurring in Public Sector Banks and Other Nominated (Private Sector) Banks included in Government Accounts and the amounts actually adjusted by the RBI, CAS, Nagpur on the basis of advices received from the link branches of Public/Private Sector Banks. The progressive balances outstanding on credit and debit sides under the minor heads 'Public Sector Banks Suspense’ and ‘Other Nominated Banks (Private Sector Banks) Suspense' will represent respectively the payments and receipts of the Ministry/Department handled by its accredited Bank for which-

(i) either settlement remains to be effected between the accredited Bank and the RBI or

(ii) clearances are pending from the Principal Accounts Office concerned, due to non-receipt of monthly statement

(s) of transactions from the RBI, CAS, Nagpur before close of the monthly accounts of relevant month.