Para 7.5 — MSO

PERSONAL DEPOSITS

EARNEST MONEY DEPOSITS 7.5 Credit for the earnest money deposits made in a treasury of State X in favour of a Departmental office of State Y, should be passed on to the latter through the outward settlement Account. On receipt of the credit the particulars should be entered by the Accountant General of State Y in a separate Register of Receipts of Deposits (to be maintained by him for such credits). The Accountant General of State Y should adjust it finally in his books and intimate the fact of receipt of the credit to the Departmental Officers concerned. Whenever a repayment is to be made, the departmental officer concerned of State Y should endorse the refund order on the original receipt granted by the Treasury Officer and send it to his Accountant General who after verifying the signature of the drawing officer and the credit in the Register of Receipts of Deposit or Statement of Lapsed Deposits, will arrange for payment to the party concerned by obtaining a Reserve Bank of India Government Draft. This procedure will do away with the repayment in State X and thus eliminate the passing of the debit to the Accountant General of State Y.