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Rule 13 - Personal Deposit Accounts | KartavyaDesk

RPR

Original Rule Text

(9) (a) The Ministry or Department concerned in consultation with the Controller General of Accounts may, only under special order or permission, authorise the opening of Personal Deposit Account in the Public Account portion of Government Account and the Ministry or Department shall maintain the list of such Personal Deposit Accounts opened under their control and comply the detailed procedure as specified in the Subsidiary Instructions.

What This Means

Rule 13(9)(a) of the Receipt and Payment Rules deals with opening a specific type of account called a 'Personal Deposit Account' within the government's Public Account. Think of the Public Account as a big holding area for government funds that aren't part of the main budget. This rule states that you can't just open a Personal Deposit Account willy-nilly. It requires special permission.

Specifically, the Ministry or Department that wants to open such an account needs to consult with the Controller General of Accounts (CGA). Only after getting a 'special order or permission' can they proceed. Furthermore, the Ministry/Department is responsible for keeping a record of all Personal Deposit Accounts opened under their authority and following the detailed procedures outlined in the Subsidiary Instructions. This ensures transparency and accountability in managing these special accounts.

In essence, this rule is about controlling and monitoring the use of Personal Deposit Accounts within the Public Account, ensuring they are only used when absolutely necessary and with proper oversight. It affects all Ministries and Departments of the Government of India and their employees who might be involved in managing government funds.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Key Points

  • •Opening a Personal Deposit Account requires 'special order or permission'.
  • •The concerned Ministry/Department must consult with the Controller General of Accounts (CGA).
  • •The Ministry/Department is responsible for maintaining a list of all Personal Deposit Accounts opened under their control.
  • •Detailed procedures as specified in the Subsidiary Instructions must be followed.
  • •This rule aims to ensure transparency and accountability in managing government funds.

Practical Example

The Ministry of Rural Development wants to establish a Personal Deposit Account to manage funds received from a specific international grant for a pilot project on sustainable agriculture. Ms. Sharma, the Under Secretary, cannot simply open the account. She must first prepare a detailed proposal justifying the need for the account and consult with the Controller General of Accounts (CGA). After presenting the proposal and receiving a special order from the CGA, the Ministry can open the account. Ms. Sharma's team is then responsible for maintaining a register of all transactions in the account and adhering to the guidelines outlined in the Subsidiary Instructions. For example, they must ensure that all withdrawals are properly authorized and documented, and that the account is regularly audited. If the grant amount is INR 50,00,000, every transaction must be meticulously recorded and reconciled.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Frequently Asked Questions

What is a Personal Deposit Account in the context of this rule?▼
It's a specific type of account within the Public Account used for managing certain government funds, often for specific projects or purposes. It's not the same as a regular bank account.
Who is the Controller General of Accounts (CGA) and why is their consultation necessary?▼
The CGA is the principal advisor to the Union Government on accounting matters. Their consultation ensures that opening a Personal Deposit Account is financially sound and complies with government regulations.
What are Subsidiary Instructions and where can I find them?▼
Subsidiary Instructions provide detailed procedures and guidelines for implementing the Receipt and Payment Rules. They are usually available on the website of the Controller General of Accounts or the relevant Ministry/Department.
What happens if a Ministry opens a Personal Deposit Account without proper authorization?▼
Opening an account without authorization is a violation of government rules and can lead to disciplinary action against the responsible officials. It can also result in financial irregularities and audit objections.
Does this rule apply to all types of government accounts?▼
No, this rule specifically applies to Personal Deposit Accounts opened within the Public Account portion of the Government Account. Other types of accounts may have different rules and regulations.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Test Your Knowledge

Question 1 of 3

According to Rule 13(9)(a) of the Receipt and Payment Rules, what is required to open a Personal Deposit Account in the Public Account portion of Government Account?

Related Rules

GeneralReceipt & Payment Rules, 2022 - GeneralRule 1Receipt & Payment Rules, 2022 - Rule 1Rule 11Receipt & Payment Rules, 2022 - Rule 11Rule 23Receipt & Payment Rules, 2022 - Rule 23Rule 12Receipt & Payment Rules, 2022 - Rule 12

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