Govt depts asked to deposit earned interest with treasury

Punjab Finance Department today asked all departments to immediately deposit interest earned from their bank deposits with treasury.
An official spokesman said it has been noticed that certain departments were flouting these instructions which was in contravention of financial rules.
"All departments have been issued instructions by the Finance department to immediately deposit the interest accrued on these amounts up to February 28, 2015 in 0049-interest received Head of the treasury by March 15, 2015," he said.
Regarding those schemes for which these amounts were sanctioned and for past two years no budget provision has been made, such bank accounts should be immediately closed. The amount should be deposited in the receipt head of the treasury and interest in the interest head of the treasury by March 15, he added.

All departments have been asked to ensure strict compliance of these orders, he said. Instructions in this regard have been issued to all heads of departments, Divisional Commissioners, Deputy Commissioners for immediate compliance.