Rule 86 — GFR

Rule 86 Public Financial Management System (PFMS). (1) Public Financial Management System (PFMS), an integrated Financial Management System of Controller General of Accounts, Government of India, shall be used for sanction preparation, bill processing, payment, receipt management, Direct Benefit Transfer, fund flow management and financial reporting. (2) All the ministries sanctioning grant-in-aid shall register all implementing agencies till last level of implementation on PFMS to track fund flow and unspent balances. (3) All the payment, to the extent possible, shall be released ‘just- in-time’ by the Ministries through PFMS. (4) Detailed Demand for Grants (DDG), as approved, must be uploaded on PFMS at the start of each Financial Year. (5) All the re-appropriation orders, surrender order shall be generated through PFMS system. (6) All grantee institutions shall submit Utilisation Certificates on PFMS.