No.S-11012/1(20)/Rly./2015/RBD/1414-73
Government of India
Ministry of Finance
Department of Expenditure
Controller General of Accounts
Lok Nayak Bhawan, Khan Market
New Delhi- 110511
Telefax : 011-24649365
E-mail : [email protected]
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Dated : 11.08.2015
Subject :- Permissible remittance period for Government revenues for Remote, Difficult and Hilly areas.
In partial modification of this office O.M S-11012/3/P.Intt(RP)/CGA/2007/RBD/304 dated 24.02.2010 on the above mentioned subject, Controller General of Accounts in consultation with Reserve Bank of India, has decided to declassify branches situated in the State of Chhatisgarh as difficult/remote region for banking purpose and accordingly reduce the permissible time limit for remittance of funds to T+5 instead of T+12, calculated on working days basis (excluding the put through date and ‘T’ is the date when money is available to the branch).
2. These revised norms for remote, difficult and hilly areas will not be applicable to Private Sector Banks and also for remittance of funds under the deposit schemes viz, PPF/SCSS etc of Ministry of Finance.
(Tripti P Ghosh)
Dy. Controller General of Accounts
