Scheme for Collection of Dues of Financial Year 2014-15

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..... . 3. In view of the ensuing closing of government accounts for the financial year 2014-15, please reiterate the instructions to your branches regarding introduction of special messenger arrangements at your receiving branches. Receiving branches not situated locally should also adopt special arrangements such as courier service etc. for passing on challans/scrolls etc. to the Nodal/Focal Point branches so that all payments and collections made on behalf of government towards the end of March are accounted for in the same financial year. 4. As regards reporting of March 2015 transactions by Nodal/Focal Point branches in April, the branches may be advised to follow the procedure as outlined in the Annex. To sum up, the Nodal/Focal Point .....

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..... ranches concerned immediately. ANNEX Reporting of March Transactions Beginning from April 1, 2015, the Nodal/Focal Point branches will segregate on a daily basis all scrolls/challans pertaining to March 2015 received from the receiving branches concerned and prepare separate main scrolls for: (a) scrolls for transactions of March 2015 or earlier period (i.e. effected during the previous financial year 2014-15) and (b) scrolls pertaining to current transactions (i.e. those effected from April 1, 2015 onwards). 2. The main scrolls for March 2015 transactions prepared from April 1 to April 15, 2015 are to be distinctly marked as March Residual - 1, March Residual - 2 and so on upto April 15, 2015. In other words, .....

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..... h Residual Transactions adjusted by Nodal/Focal Point branches with Reserve Bank of India, Central Accounts Section, Nagpur, during April 1 to April 15, 2015. Since the Nodal/Focal Point branch will also be reporting the April 2015 transactions pertaining to year 2015-16 in addition to March Residual transactions, monthly statement for April transactions should be compiled and furnished to Zonal Accounts Officers/Pay and Accounts Officers in the usual way. In order to distinguish the April 2015 (year 2015-16) and March Residual Transactions, the statement pertaining to March Residual Transactions should be clearly marked as March Residual Account . Note: As advised in our circular GA.NB.No.376/42.01.001/1995-96 dated May 22, 1996 all .....

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