Page 54 - Banking Finance July 2019

RBI CIRCULAR

f. As prescribed in para 5.1 of the Memorandum of 3. The revised guidelines would be effective in respect of
Instructions, the branch handling the State cheques issued by the State Governments from July 01,
Government transactions shall continue to send the 2019 and made applicable for those State Governments
Payment Scrolls on a daily basis in the prescribed which give their consent for withdrawal of P2F
form to the Sub-Treasury/Treasury to whom they are arrangement. As and when State Governments give their
attached as hitherto. However, as the paid cheques consent, the same will be advised to the banks. In case
would no longer be available with the accredited any SG desires to have a parallel run, the same may be
branch, the same will not be attached with the done for a period not exceeding three months. During
payment scroll, but the electronic images of paid the parallel run period, P2F shall continue to remain
cheques (by way of cash, clearing and transfer), operational and the drawee banks should forward both
preserved by the presenting bank, shall be provided the physical instruments and their images to concerned
to the Office of AG/State Government Treasury/Sub-treasury as desired by them. After
Departments/Treasuries/Sub-Treasuries by way of completion of the parallel run, P2F shall be discontinued
secured electronic communication/ e-mail, etc., as and only images shall be sent as outlined above.
per their requirement.
Yours faithfully
g. At any time during the preservation period of cheques, (Charulatha S. Kar)
for the purpose of reconciliation, enquiry, investigation, Chief General Manager
etc., the Office of AG/State Government
Banking Promotional Exam Sample Questions – Ans. 12
Departments/Treasuries/Sub-Treasuries may require
any paid cheque in physical form for which the 1. a. 6
concerned State Government Department/Treasury/ 2. c. INR 1 lakh per month
Sub-Treasury would approach the dealing branch. 3. e. Rs. 4,500 crore
Whenever so demanded, the dealing branch shall
4. b. Ngultrum
arrange to furnish the cheques paid by it by way of
5. c. INR 10,000 crore
cash and transfer immediately. In case of cheques paid
6. d. Survey on Retail Payment Habits of Individuals
by way of clearing, the same shall be supplied to the
7. c. Rs 2,159 crore
Office of AG/State Government Departments/
Treasuries/Sub-Treasuries within a reasonable period 8. a. ICICI Bank
after obtaining it from the presenting bank. It is the 9. d. Lucknow
responsibility of the presenting bank in such instances
10. d. Panda Bonds
to comply with the request of the Office of AG/State
11. a. Rs 40,400 crore
Government Departments/Treasuries/Sub-Treasuries /
12. e. ESAF SFB
drawee bank for any physical cheque and provide the
13. a. Amazon India
same to the respective drawee bank within a
reasonable period. 14. a. NITI Aayog
15. e. Maldives
e. At present, the CTS is operated on grid basis.
Hence, the government cheques drawn on RBI / 16. a. Uday Shankar
agency banks shall be presented in the grid within 17. a. IDFC First Bank
whose jurisdiction the accredited/authorised 18. d. Paisabazaar.com
branch of paying bank is located.
19. e. Rs 97.84 Crore
f. As hitherto, the drawee bank shall ensure through 20. b. Rs 41,000 crore
the dealing branch that the mistakes/ discrepancies
21. a. J&K Bank
pointed out in payment scrolls, monthly DMS etc are
22. b. 100
rectified as per procedure, missing images of paid
23. d. Credit
cheques are submitted immediately, the copies of
24. e. 25%
the scrolls duly verified by the Sub-Treasury/Treasury
are kept on its record, etc. 25. b. Pranab Kumar Das

54 | 2019 | JULY | BANKING FINANCE