Para 19.7.1 — CAM

19.7 PERSONAL DEPOSIT (PD) ACCOUNT 19.7.1 Personal Deposit Account is an account which is authorised to be opened in the Public Account portion of Government account in an accredited bank with the approval of CGA by Central (Civil) Ministries/Departments. The proposal for opening of PD Account should be on the recommendation of Ministry/Department with the approval of Chief Accounting Authority in consultation with FA and Head of Accounting Organisation. It is a device intended to facilitate the Administrator of the PD Account to credit the receipts and effect withdrawals directly from the account. This is subject to an overall check exercised by the bank in which the account is authorized to be opened, to ensure that no withdrawal will result in a minus balance therein. It is done (with the help of a Personal Ledger Account maintained by the bank for this purpose. The administrators of PD Account shall be only Government Officers acting in their official or any other capacity.