Para 3.11.9 — MSO

3.11.9 Audit of lapsed deposits involves verification:

(i) whether the lapsed amounts have been correctly written off in the plus and minus memoranda for March;

(ii) whether deposits lapsing on 31 March each year are transferred to the credit of Government under the Head “0075-Miscellaneous General Service-00.101-Unclaimed Deposit-Deduct Refund”. The annual transfer entry crediting the amount to the Government may be made on the basis of the figure reported by the treasury officers in the March Final or March Supplementary accounts; and

(iii) in regard to receipt of the prescribed applications for refund of lapsed deposits and exercise of necessary checks with reference to the original deposits in the Lapsed Deposit Register before issuing authority for payment of refund.