The
balances of the Defence Services
have been created proforma in the books of RBI. These balances form
part of the balances of Central Government for regulating ways and
means arrangements. There is one Central Account in the books of RBI
for Defence Services as a whole, but total figures for each Controller
(numbering about 32) are available separately in the books of RBI.
Reconciliation between the balances in the proforma Account as per RBI
and that as per DAD books is an ongoing detailed activity.
The Proforma Account is affected by the following types of transactions:
i) The
transactions of the Defence
Services taking place in the branches of RBI/SBI and associate banks
are taken directly against Defence Proforma Account
ii) Advice in settlement of Inter-Departmental transactions with
Central and State Governments. The modalities of settlement are of two
types.
a)
Direct debit to
Defence by RBI on advice from Railway, Post and DGS&D.
b) Remittance to and from Defence through cheque or advice against
claims raised or received in the cases of other Central Ministries and
State Governments.