OPENING A NEW TSB ACCOUNT

Government permitted to open Special Treasury Savings Bank Accounts in treasuries for managing the release and utilization of plan fund of Government Departments and Agencies .Over a period of time large quantum of funds got accumulated in a large number of TSB  Accounts including from various plan,non plan schemes and own funds of the organisation .It became difficult for the organisations themselves to trace the source of funds and they were being utilized for various purposes .Download Circular below link :

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IFMS - Utilization and monitoring plan fund -Opening of new dedicated new special TSB account for the plan funds-Orders issued