Postal Revenue Audit Slide 7.2. Postal Revenue Slide 7.2 Sale of postal articles Commission on M.Os Postage realized in cash & franking machine resetting.

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Presentation transcript:

Postal Revenue Audit Slide 7.2

Postal Revenue Slide 7.2 Sale of postal articles Commission on M.Os Postage realized in cash & franking machine resetting Late fee and fee for Id cards Commission on IPOs Commission on BPOs Advertisements in PO premised and Mail vans Fees for VPP articles/insured articles Income from value added services Income from sale of waste papers/stores/compound products Sale of publications, books of blank forms etc. Fees for window delivery tickets and post boxes and bags Recoveries from auction of articles sent to RLO which were undeliverable Amount recovered from guaranteed post offices.

Primary accounting records of HPOs : Slide 7.2 Treasurer’s cash book H.O. cash book H.O. summary Circle postal accounts office (Director of Accounts/Postal) : The postal accounts office is divided into : General accounts sections Technical accounts sections Miscellaneous sections Other imp sections of Circle postal accounts offices : Pension section GPF section M.O. section Broad sheet section

The circle abstract will be prepared in three parts : Part I : Consolidated Fund of India Part II : Contingency Fund of India Part III : Public Account Circle Abstract Slide 7.2 One abstract for each month Every head appearing in Detail book will appear in Circle Abstract Circle abstracts forwarded to DG (Posts) General Abstract : It is prepared by clubbing all circle abstracts received from various circles in the DGs office in form DG(PA)-555.

Various Postal Units : Slide 7.2 Director General’s office CPMG’s office Divisional offices (SSPOs/SPOs) Head Post offices RMS offices MMS office Regional store depot Circle Stamp depots Postal Life insurance Air mail sorting units in metros Automatic mail sorting offices in metros Patrika channels attached to sorting offices SB pairing unit

Financial services Slide 7.2 Savings Bank Various Savings Schemes : Time deposit accounts 6 yr NSC (VII issue) National Savings Scheme, 1992 Kisan Vikas Patra Recurring deposits Monthly Income Scheme Savings accounts Operation of the scheme

Savings Bank Control Organisation (SBCO) : Set up in each HPO to – maintain control a/cs of SB branch carry out day-to-day checks of work done by SB branch Inspection of SB work Slide 7.2 Functions of SBCO : to maintain control accounts of all savings schemes to carry out checks of vouchers & other items of work to verify the bider balances, periodically safe custody of important records preparation of annual SB/PPF/NSS interest statement to submit periodical returns to circle postal a/cs office etc. to treat savings a/cs as silent a/cs and issue sanction for their revival

Internal Check Organisation (SB) Pairing Organisation Register of Transactions Binderwise (SB-62) Unposted items Register of Non-cash transactions Register of Transactions Office wise (SB-63) Consolidated journal of SB deposits and withdrawals (SB-72) Working out the total SB balance of the Head of Office as whole Slide 7.2

Post Office Savings Certificates (governed by PO savings certificate rules 1960) Slide 7.2