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Section 27: Collection directly at banks

The Karnataka Municipalities Accounting and Budgeting Rules, 2006.State Rules of Karnataka · 1964

(1) In respect of direct collection by banks, the payer shall submit the amount to the bank along with challan in prescribed form, in quadruplicate.

The bank shall accept the remittance and return two copies of acknowledged challan to the party, retaining one copy with the 20 bank and send the other copy to the Municipality along with the daily bank statement.

(2) The payer shall submit one copy of Challan with other necessary document to the Municipality.

(3) In respect of such direct collections at banks, collection register in KMF 16 shall be prepared by the staff allocated to the collection bank by the Municipal Commissioner or the Chief Officer as the case may be.

Provided that in case the Municipality has an arrangement with the bank to collect the necessary documents along with the challans, then challans can be in triplicate- one copy duly stamped and initialled being given to the payer, one copy being retained by the bank and the third copy duly stamped and initialled, being sent to the Municipality along with the document so collected. In such a case, the payer need not comply with sub rule (2) above.

Where this provision sits

ActThe Karnataka Municipalities Accounting and Budgeting Rules, 2006.
Section27
Marginal noteCollection directly at banks
JurisdictionState of Karnataka
StatusIn force as published by the source

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