NewZNew (Chandigarh) : The Punjab Finance Department today reiterated its instructions issued in the 2011 reminding the departments that no government department can keep deposits in the bank after withdrawing it from government treasury in contravention of Financial Rules.

According to an official spokesperson, 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 positively. He said that regarding those schemes for which these amounts were sanctioned and for last two years no budget provision has been made, such bank accounts should be immediately closed and the amount be deposited in the receipt head of the treasury and interest in the interest head of the treasury by March 15, 2015.

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