Para 3.14.7 — MSO

3.14.7 The office of the Accountant General (A&E) ensures that there is a voucher for each entry relating to Reserve Bank of India Remittances in the schedules of payments, and that the amounts mentioned therein agree with those shown in the schedule. The audit of these remittances will be confined to verifying that:

(i) the total of the issues as reported by the treasuries in the daily schedules is credited to the Reserve Bank of India and the total of the payments as reported in the daily schedules of treasuries is debited to the Bank; and

(ii) the net receipts or payments for the month under the head ‘Reserve Bank of India Remittances’ for the whole account circle as worked out in the Detail Book agree with the corresponding adjustment for the month made by the Reserve Bank of India against the balance of the Government concerned.

The responsibility for verifying the encashment of individual telegraphic transfers and drafts against the corresponding drawings rests with the Reserve Bank of India, Central Accounts Section, Nagpur.