Para 3.10.9 — MSO

Financing Arrangements 3.10.9 The High Commission of India, London, maintains two accounts--‘Stores Accounts’ and ‘Chancery Accounts’--with the State Bank of India, London. The Stores Account, which is replenished daily to the required extent from the Reserve Bank of India's account with the Bank of England, is operated for payment for stores purchased against contracts finalised through the supply wing of the Mission. The Chancery Account is operated for making payments of personal claims, establishment charges and miscellaneous payments on behalf of other Missions, departments, State Governments. etc. and is financed through the Stores Account against authorisations issued by the Ministry of External Affairs.