Para 11.14 — MSO (A&E)
Original Rule Text
11.14 In the case of house-building advances, advances for purchase of motor and other conveyances similar interest bearing advances to Government Servants, for which detailed accounts are kept by the Accountant General (A&E), the correctness of the balances in the
- CASH REMITTANCES
- PUBLIC WORKS REMITTANCES
recovery schedules for March should be checked and confirmation regarding correctness communicated to the loanee by the Accountant General (A&E). It should also be seen that instalments in repayment of these advances have been regularly recovered.
What This Means
For interest-bearing advances to government servants (such as house-building advances, motor vehicle advances, and similar loans) where the AG (A&E) maintains detailed accounts, the AG must verify the March recovery schedules for correctness and send balance confirmations to each borrower. The AG must also monitor that repayment installments are being regularly recovered from the employees' salaries.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Applies to interest-bearing advances to government servants (house building, motor vehicle, etc.)
- 2AG (A&E) maintains detailed accounts for these advances
- 3March recovery schedules must be checked for correctness
- 4Balance confirmations must be sent to each loanee (borrower)
- 5Regular recovery of installments must be monitored
Practical Example
An AG office maintains records for 5,000 house-building advance accounts. In March, the team verifies each employee's recovery schedule: checking that the correct EMI amount was deducted, that the outstanding balance reflects all deductions, and that no installments were missed. The AG then sends letters to all 5,000 employees confirming their outstanding balance. An employee who believes Rs. 50,000 was wrongly not credited can dispute the balance.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why are March recovery schedules specifically checked?▼
What happens if installments are not being regularly recovered?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.