Administration Manual - B.E.S.T. Undertaking.

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the same as in the case of the State Bank (H.O.) except that there are
no cheques drawn on this account.
6.6.3.3 Bank of India (Provident Fund):
All transactions in respect of the Provident Fund Institution are made
by the Trustees. A separate account in the name of the Trustees is
maintained in the Bank of India. The procedure for verifying the
Reconciliation Statement is as follows:
1) Cheques on Hand as at the close of month are verified with the
Cheques on Hand statement and the P.F. Cheques on Hand
Register.
2) Bank Deposit Memos are verified with the P.F. Bank Balance
Book for amounts remitted to the Bank.
3) The Balance Book is verified with the Bank Pass Book for
amounts credited by the Bank.
4) Entries in respect of withdrawals in the Bank Pass Book are
verified with the Daily Cash Balance Book and Cheques on Hand
Register.
6.6.3.4 Bank of India (Motor Vehicle Third Party Insurance Fund
As provided by a statutory enactment, amounts are contributed to the
Motor Vehicle Third Party Insurance Fund for which a separate Bank
Account is maintained. Audit staff verify the Bank Pass Book with the
Daily Cash Balance Book for amounts debited and credited to this
account.
6.6.3.5 Departmental Equipment on Hire:
Refrigerators are given out on hire to officers residing in the
Undertaking’s quarters at the rate of annual rent calculated at 8% of
the cost price as provided under Service Regulation. This facility is