Para 12.20 — MSO

12.20 For seeing that recoveries on account of principal and interest, if due under rules, are being made regularly as laid down in para 12.19(iv), the following procedures should be observed.

(i) on receipt of the sanctions for a temporary withdrawal, its particulars should be noted in the remarks column of the Ledger Card/Account indicating, inter alia, the amount of the advance sanctioned, the number of instalments in which recovery is to be made, the amount of each instalment and the month of last recovery.

(ii) the receipt of debits on account of and the regularity of the recovery of advances should be watched in the course of monthly postings of ledger cards/accounts as well as in the course of review of postings and check of ledger cards to be conducted by the Accountant/Examiner vide paragraphs 12.42

(ii) and 12.58 while conducting the review/check, the Accountant/ Examiner should extend his examination of the ledger cards/accounts to see:

(a) that there is no delay in the receipt of debits on account of temporary withdrawals;

(iv) The non-receipt of credit of account of recovery of any instalment of advance should be noted and its ultimate recovery watched through the Register of Missing Credits (vide paragraph 12.64).