Para 13.4.5 — CAM

13.4.5 In some cases, RBI handles the transactions of Ministries/Departments accredited to them in the usual manner. In such cases the RBI offices follow the procedure applicable to dealing branches as well as FPBs as they function both as ‘dealing branch’ and ’FPB’ in respect of those Ministries/Departments. The transactions for accredited Ministries/Departments effected by them are accounted for in their books, and the balances in the Ministries Accounts are reported to CAS, Nagpur through daily position. The RBI offices render daily scrolls and DMS to the concerned PAO for verification/ certification and attend to reconciliation work as per the normal procedures. RBI offices also send details regarding the PAO wise monthly receipt and payment position of each Ministry/Department to CAS, Nagpur. This is done immediately after the month end transfer of balances and is followed by detailed statement. All this exercise would have to be completed by 3rd working day of the month.