Para 6.3.8 — MSO (Audit)
Original Rule Text
6.3.8 In the case of public sector banks, including the State Bank of India and its subsidiaries, handling transactions on behalf of various ministries and departments, copies of the Inspection Report pertaining to transactions other than pension payments should be sent to the bank inspected, its Head Office and Link Branch and to the Administrative Ministry concerned. In cases where a particular branch has transactions
with departments/offices administered by more than one ministry, the copy of the Report may be sent to the Ministry of Finance (Banking Department) instead of to the administrative ministries. Copies of the Inspection Reports relating to payment of pensions should be sent to the bank inspected, its Head Office and the Link Branch and the authorities indicated below:
Controller General of Accounts Central Civil Pensions Controller of Defence Accounts (Pensions) Defence Pensions Designated Financial Advisor and Chief Accounts Railway Pensions Officer of the respective area Finance Department or the Head of Department administering the scheme State Pensions
- Chapter–4 Inspection of Public Debt Offices
- Scope of Audit
What This Means
Copies of the Inspection Report for public sector bank transactions (other than pensions) go to the bank branch, its Head Office, Link Branch, and the relevant administrative Ministry. If transactions span multiple ministries, the copy goes to the Ministry of Finance (Banking Department) instead. For pension audit reports, copies go to the bank, its Head Office, Link Branch, and the appropriate authority for each pension category — CGA for Central Civil, CDA (Pensions) for Defence, the Railway's FA & CAO for Railway pensions, and State Finance Department for State pensions.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Non-pension reports go to: bank branch, Head Office, Link Branch, and administrative Ministry
- 2Multi-ministry branches: report copy goes to Ministry of Finance (Banking Department)
- 3Pension reports go to: bank branch, Head Office, Link Branch, and category-specific authority
- 4Central Civil pensions: Controller General of Accounts
- 5Defence pensions: CDA (Pensions); Railway: FA & CAO; State: State Finance Department
Practical Example
After inspecting an SBI branch handling transactions for the Ministry of Health and pension payments for 150 Central Civil and 80 Defence pensioners, the audit office sends the general transaction report to SBI branch, SBI Head Office, the Link Branch, and the Ministry of Health. The Central Civil pension report goes to CGA, while the Defence pension report goes to CDA (Pensions). Both pension reports also go to the bank branch, Head Office, and Link Branch.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What happens when a branch handles transactions for multiple ministries?▼
Who is the CDA (Pensions)?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.